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10Jul14


Russia pushes for greater energy security within BRICS assembly


Russia suggests establishing an energy association within the BRICS developing of Brazil, Russia, India, China and South Africa, which will include a reserve bank of fuels and an institution for energy policy, says Russian presidential aide Yuri Ushakov.

"Russia will propose a number of specific issues for consideration, including establishing a BRICS energy association aimed to ensure energy security of its member states and to conduct integrated research and analysis of global hydrocarbon markets. It is suggested that a reserve bank of fuels and an energy policy institute of the BRICS will be created within this association," Ushakov told journalists on Thursday.

Besides, Russia proposes creating a network university, uniting leading universities of the five countries and specializing mainly on economy and technology.

[Source: Itar Tass, Moscow, 10Jul14]

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