Russia & China Sign Major BRICS Deal on Laser Technology
Russia and China agreed to a major BRICS deal on Wednesday to start mass production of spectrometers on femtosecond lasers. The partnership was announced by Aleksander Kuleshov, President of the Skolkovo Institute of Science and Technology in Moscow. The deal went through at the St. Petersburg International Economic Forum ( SPIEF) and both Russia and China would start mass manufacturing by the end of the year. Kuleshov explained that the laser deal will give BRICS wider access to the markets through Russia and China’s joint initiatives. “This will be truly mass and, most importantly, inexpensive spectrometry,” Kuleshov said. The alliance is signing new deals and since Russia is under sanctions, the majority of the payments will be settled in local currencies. Also Read: China Grants 53 Countries Tariff-Free BRICS Market Access However, Kuleshov did not specify how much the Russia and China’s BRICS laser tech deal is worth. He revealed that Russia will be respons...