Russia Proposes Strengthening BRICS Cooperation in AI and Digital Transformation

Source: Sputnik News | Original Published At: 2026-08-14 11:47:00 UTC

Key Points

• Russia proposed strengthening cooperation among BRICS member states in artificial intelligence and digital transformation at a meeting of BRICS finance ministers and central bankers in India.
• The Russian delegation called for equal access to latest technologies and opportunities for BRICS members to develop their own products.
• Russian Deputy Finance Minister Ivan Chebeskov said BRICS states are a leading force in the global economy, with combined GDP exceeding 40%.
• He noted that external factors such as armed conflicts, sanctions, and asset freezes limit growth and create risks that require mitigation.
• Russia proposed creating a safety net of independent financial infrastructure, including reinsurance, cross-border payment, and fundraising mechanisms.
• BRICS member states will continue to strengthen tax and customs cooperation, increase infrastructure investments, and work on a multilateral guarantees mechanism.
• The first meeting of BRICS finance ministers and central bank governors under the Indian chairmanship took place in Jaipur on August 12-13.