Understandings foresee permanent dialogue and cooperation in forums such as BRICS and G20, as well as infrastructure projects
The Ministry of Finance has signed agreements with Russia and China to create permanent mechanisms of economic and financial dialogue. The text was published this Monday (11.ago.2025) in the DOU (Official Gazette).
Understandings aim to reinforce cooperation in multilateral forums such as BRICS and G20, as well as advance joint projects, including infrastructure and environmental issues. Here’s (PDF – 337kb).
The agreement signed by the Finance Minister, and Russian Finance Minister Anton Siluanov creates a bilateral economic and financial dialogue, designed as a stable channel of communication between the ministries of the 2 countries.
This dialogue will be coordinated by high -ranking representatives: Brazil’s Undersecretary of International Finance and Economic Cooperation and Russia’s Director of International Financial Relations.
Meetings may be face -to -face or virtual and will have the topics defined by mutual agreement. The proposal is to gather experts, exchange technical information and integrate discussions with activities already conducted by the Brazil-Russian Intergovernmental Commission on Economic, Commercial, Scientific and Technological Cooperation.
The document defines 7 priority areas of work:
- Macroeconomic policies in the national, regional and global context;
- confrontation of economic challenges and discussion of reforms;
- tax cooperation;
- Financing of Infrastructure Projects;
- new opportunities for bilateral cooperation;
- joint action in multilateral forums (such as BRICS, G20 and international financial institutions);
- other topics of mutual interest.
The memorandum does not create legal obligations or mandatory financial commitments, but establishes that each party will bear their own costs and that the information exchanged will be confidential, except for express authorization.
The agreement with China, signed by Haddad and Chinese finance minister Lan Fo’an, follows the understanding signed in 2024 and May 2025, in which countries pledged to bring national development strategies closer.
On the Brazilian side, this includes the NIB (Nova Indústria Brasil), the PAC (Growth Acceleration Program), the Ecological Transformation Plan and the South American Integration Routes Program; On the Chinese side, the belt and route initiative.
The objective is to leverage joint projects and increase the quality of economic cooperation, also promoting the modernization of both countries and sustainable regional integration. The document reaffirms the role of COSBAN (SINO-BRAZILIAN COMMITTEE of high level of concertation and cooperation) as its main instance to coordinate bilateral actions.
The memorandum highlights the cooperation in finance and records China’s support to the Fund for tropical forests forever, Brazilian initiative aimed at environmental preservation with expectation of impact on COP30. It also emphasizes the importance that developed countries contribute to international mechanisms for the protection of tropical forests.
As in the case of Russia, it is not an international treaty with legal obligations, but a political landmark that directs areas of strategic cooperation.
