Russia-Brazil Business Cooperation to Bolster BRICS

© Host photo agency / Go to the mediabankPresident of the Russian Federation Vladimir Putin meets with President of the Federative Republic of Brazil Dilma Rousseff
President of the Russian Federation Vladimir Putin meets with President of the Federative Republic of Brazil Dilma Rousseff - Sputnik International
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Closer business cooperation between Russia and Brazil will boost growth and shore up the BRICS group of emerging economies, a deputy governor of the Brazilian state of Parana told Sputnik Brazil on Wednesday.

Argentine President Cristina Fernandez de Kirchner (L) listens to Brazilian former President (2003-2011) Luiz Inacio Lula da Silva as Buenos Aires governor and Argentine presidential candidate for the ruling Front For Victory (FPV) party Daniel Scioli (not in frame) delivers a speech in Buenos Aires outskirts on September 9, 2015 - Sputnik International
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MOSCOW (Sputnik) — On Wednesday, a delegation of high-ranking Brazilian officials, led by the country’s Vice President Michel Temer, attended the second day of a Russian-Brazilian business forum in Moscow, which coincided with a high-level meeting of the countries' bilateral intergovernmental cooperation commission.

Parana State Vice-Governor Cida Borghetti told Sputnik Brazil she had a "very positive" perception of current bilateral relations between the two countries.

"Many high-ranking Russian ministers have assembled here, as well as Brazilian entrepreneurs… It is a crucial moment for development and growth that strengthens BRICS," Borghetti said.

Both Russia and Brazil are founding members of BRICS, a club of developing economies, which also comprises India, China and South America.

Moscow has stepped up its cooperation with Latin American and BRICS countries in light of strained relations with the West over the Ukrainian conflict and economic sanctions.

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