Source Pravda.Ru

Russia to establish BRICS energy association

 

Russian presidential aide Yury Ushakov told reporters on July 10 that Russia intended to offer BRICS partners to create an energy association and the reserve bank of fuel. Russia will make the proposal at the BRICS summit, which will take place in Brazil on 15-16 July.

"Russia intends to propose a number of specific topics for consideration. Namely, we offer to establish an energy association of BRICS, to ensure energy security of the participating countries," said Ushakov prior to the start of Russian President Vladimir Putin's visit to Brazil.

The association will also conduct comprehensive research and analysis of trends on global hydrocarbon markets. As part of this association, according to Ushakov, it is planned to establish a reserve fuel bank and an institute of BRICS energy policy.

However, Ushakov added, details of the proposal have not been determined yet, Interfax reports.

As part of the visit to Brazil, Putin intents to take part in the closing ceremony of the FIFA World Cup 2014. During the ceremony, Brazil will hand over the rights to host the next world football championship to Russia.

Comments
"Nikki" Haley and the poisoner in the kitchen
US official lashes Europe for working on Nord Stream 2
Bill Clinton's Oval Office disgrace destroyed Yugoslavia
Russian opposition MPs accept pension reform without a fight
Putin: Russians will go to heaven in case of nuclear war
Putin: Russians will go to heaven in case of nuclear war
Russian 'spies' Petrov and Boshirov say they work in fitness industry
Is Putin guilty of the Kerch school massacre?
Bill Clinton's Oval Office disgrace destroyed Yugoslavia
Nuclear strike coming tomorrow? Pentagon and North Korea ready for war
Edward Snowden does not feel safe in Russia
Chief of Russian National Guards declines Navalny's TV debate offer
Russia will not let NATO warships into Sea of Azov
Is Putin guilty of the Kerch school massacre?
Putin: Russians will go to heaven in case of nuclear war
Edward Snowden does not feel safe in Russia
Is Putin guilty of the Kerch school massacre?
Russia joins forces with Egypt to establish law and order in the Middle East
Russia joins forces with Egypt to establish law and order in the Middle East
Russia joins forces with Egypt to establish law and order in the Middle East
Russia will not let NATO warships into Sea of Azov