Governor of the National Bank of Ethiopia Mamo Mihretu and Russian Deputy Foreign Minister Sergey Ryabkov shake hands before a meeting of sherpas and sous-sherpas of the BRICS countries in Moscow, Russia. BRICS was established in 2009 as a cooperation platform for the world's largest emerging economies. Initially, the bloc united Brazil, Russia, India, China and South Africa. Last summer, their leaders invited Egypt, Ethiopia, Iran, the UAE and Saudi Arabia to join the bloc.
