7th BRICS Summit concluded in Ufa, Russia.

7^th BRICS Summit concluded in Ufa, Russia on 9^th July with the theme, "BRICS partnership: A powerful factor for global development". The summit is being attended by:

Russian President Vladimir Putin, Brazilian President Dilma Rousseff, Indian Prime Minister Narendra Modi, South African President Jacob Zuma and Chinese President Xi Jinping. In a significant step in economic cooperation, Russia's Direct Investment Fund (R.D.I.F) signed an MoU with India's Infrastructure Development Finance Company (I.D.F.C) for funding of hydro-generation projects.