Russia’s President Vladimir Putin is calling for the creation of a BRICS grain exchange. The Russian leader said this during the second day of the 16th BRICS Summit in Kazan, Russia. The grain exchange would later be expanded to trade other major commodities,

Russia’s President Vladimir Putin is hosting China’s Xi Jinping, India’s Narendra Modi and other world leaders at a summit of the BRICS bloc of developing economies, part of Kremlin efforts to challenge Western global clout.

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi agreed on Wednesday to boost communication and cooperation between their countries and resolve conflicts to help improve ties that were damaged by a deadly military clash in 2020.

This week Russian President Vladimir Putin convened over two dozen countries to discuss a “new world order" free from western hegemony and the global dominance of the U.S. dollar.