BRICS Developments, October 7th, 2014
October 7, 2014 • 12:39PM

There are several, further developments from the BRICS nations this week. Beyond the fact that the British failed in their attempt to remove the "B" from the BRICS, with the removal of Brazilian President Rousseff, progress continues in many domains. The BRICS nations are meeting on the AIIB this week in Washington D.C., and Russia is looking to China for help technologically, as it looks to South Africa for the joint development of Nuclear power.

BRICS Meeting on New Bank This Week

Officials from the BRICS countries (Brazil, Russia, India, China and South Africa) will meet this week on the sidelines of the annual IMF/World Bank meeting in Washington, D.C., to continue work on instrumentalizing the BRICS' New Development Bank, India's Financial Express reported yesterday.

Russia Looks to China for Technological Cooperation

Writing in an Oct. 5 Moscow Times column (originally run in Vedomosti), Vasily Kashin, an analyst with Moscow's defense industry-related thinktank, the Center for Analysis of Strategies and Technologies (CAST), makes a solid case for Russia to use the spur of European sanctions to do what Russian industry has been thinking of before: turn to China as a supplier of complex technological equipment, with the potential for eventual joint production.

Russia Sees S. Africa as Nuclear Hub for Africa

The full scope of the Russian proposal for large-scale nuclear collaboration with South Africa, serving as a center for nuclear projects in Africa, was revealed by Regional VP of the Russian nuclear agency for Sub-Saharan Africa, Viktor Polikarpov, on Oct. 3. Now resident at Rosatom's office in South Africa, he also cleared up the misunderstanding purveyed in the media about the agreement South African President Jacob Zuma made with Russian President Vladimir Putin. He put the Russian proposal in the context of Rosatom's nuclear construction program. Rosatom is presently building 28 reactors in Russia and elsewhere, and bidding on 22 more units.