BRICS and G20: opportunities for cooperation

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July 7 the BRICS leaders had an informal meeting on the sidelines of the G20 Summit in Hamburg. It looks like the Group of Twenty will become the main platform for clash of interests: both G7 countries and BRICS members promote their own interests there and other states make boards between them. At the same time, G20 is now a reliable mechanism of improving the efficiency of the global financial system that, backed by G20 and other international institutions, contributes to sustainable, comprehensive, balanced and inclusive growth of all states.