The fact that the BRICS meeting in Kazan received little media coverage in the West tells me that people in the West have still not recognized the scope of this movement.

For outsiders it seems to be moving at a snail's pace, it takes time to establish permanent institutions, exchange clearing houses etc. that have the capacity and competence to handle such a gigantic trading volume of the participating states correctly.

I would like to point out once again that the BRICS and the associated states could be a gigantic, energy-strong political bloc that could exert massive pressure on those who are hostile and have few resources of their own.

But these are conjunctives for the time being and we will continue to keep a close eye on the progress from here.