Russia’ s Ufa hopes to attract investment via BRICS and SCO summits

The 7th BRICS summit and the 15th meeting of the Council of Heads of State of the Shanghai Cooperation Organization are slated for July 8 to 10 in the Russian city of Ufa.

The host city as well as its whole Bashkortostan republic hopes to attract investment and explore business opportunities through sideline talks of the BRICS and SCO summits.

Head of the republic Khamitov pointed out that China’s ‘Belt and Road’ initiative would give a powerful push to the economic development of Bashkortostan region, as well as other participants in the project.

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