THE LEAD

                                                                                                                                                                                                                                                                                        

Moscow Prioritizes Advancement of BRICS for New Year

December 29, 2014

The truth of the matter is, the greatest margin of political power in the world, lies in the hands of the BRICS body and its associates.Lyndon LaRoucheDecember 28, 2014

Moscow has prioritized "efforts to transform the BRICS into one of the most important elements of the system of global governance" as part of a major foreign policy impetus, said the Russian Foreign Ministry Dec. 27, in a statement quoted by BRICS Post and other media. The Foreign Ministry statement said:

"Crucial progress towards this goal has been made during the Fortaleza Summit (July 15-16)—the decision to establish a multilateral framework of the association of financial institutions—a New Development Bank and a contingent of foreign exchange reserves with a total resource of $200 billion."

BRICS leaders, who met on the sidelines of a G20 summit in November, have instructed their finance ministers to name the new bank's president by the time they next meet in Russia.

In July 2015, the BRICS and the Shanghai Cooperation Organization (SCO), both then under Russian chairmanship, will hold back-to-back summits in Ufa, the capital of Russia's Republic of Bashkortostan.

Russia has spoken "with one voice with its partners in the BRICS for the promotion of international stability in its various dimensions," said the Russian Foreign Ministry statement on Saturday. The 6th BRICS Summit condemned "unilateral military intervention and economic sanctions," the Russian Foreign Ministry statement noted.

Lyndon LaRouche responded:

"This is exactly what I've foreseen. The truth of the matter is, the greatest margin of political power in the world, lies in the hands of the BRICS body and its associates. And that what we're getting from the Saudi-British center, is the enemy; and we have a few enemies in the United States, too, among those who call themselves citizens."


SEE "Why U.S. Must Join BRICS"

                                                                                                                                                                                                                                                                                        

                                                                                                                                                                                                                                                                                        

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