PM to visit Russia next month for BRIC Summit

New Delhi, May 21 (PTI) In his first trip abroad during
the second tenure, Prime Minister Manmohan Singh will travel
to Russia next month for the Brazil-Russia-India-China (BRIC)
Summit.

Singh will undertake a two-day visit from June 15 to
Yaketenaburg for the day-long Summit the next day, sources
said here Thursday.

Global financial crisis is expected to be high on agenda
of the meet during which the four countries will look at ways
to tackle through collective efforts.

Considering that all the four BRIC nations favour
immediate reform of the international financial institutions,
the Summit will provide an opportunity for their leaders to
synergise their views and present a collective voice.

Underlining that decision-making of global financial
institutions should be democratised to reflect present-day
realities, India feels globalisation, development and economic
process cannot be left solely at the mercy of an unregulated
free market.

The leaders of India, Russia, China and Brazil are also
expected to discuss ways to step up trade and investment
between them. PTI