CGTN's Dong Xue interviewed Russia's ambassador to China, Andrey Ivanovich Denisov on the coming BRICS summit and what's on the agenda of the five big emerging economies. Denisov said security cooperation would top the list, and also called for BRICS nations to reduce their dependence on the US-dominated global payments system.

DONG XUE CGTN Reporter "The theme of this year's BRICS summit is 'Foster High-quality BRICS Partnership, Usher in a New Era for Global Development'. What's the significance of this agenda, your expectations?"

ANDREY IVANOVICH DENISOV Russian Ambassador to China "Our expectations are great, and preparatory work give us reasons to have high expectations. The world situation is very vulnerable, that's why whether we like it or not, all the BRICS activities have to reflect vulnerabilities, that's why our main desire, our main objective is how to withstand and how to resist that vulnerabilities and how to mitigate impact of the current situation on the development of national economies of our countries, and regional and global economies as a whole."

DONG XUE CGTN Reporter "BRICS initially focused on economy and regional affairs, but it's now expanding cooperation in politics and security as well. What do you think BRICS members can do to boost regional security?"

ANDREY IVANOVICH DENISOV Russian Ambassador to China "You're absolutely right, the initial stimulus and motive to set up the group was economic, and coordination of trade and economic policies, but life is life, how can we avoid, skip dealing with political and security issues in this vulnerable world, so that's why politics and security cooperation is one of the priorities of whole BRICS agenda.

This year, in particular, we have conveyed quite number of meeting together with international institutions like, for example, UN office of counter terrorism, which was very good, very helpful to the BRICS countries how to deal with counter terrorism in global scale."

DONG XUE CGTN Reporter "As the conflict between your country and Ukraine continues, we've seen the US imposed a slate of sanctions to strangle Russia's economy. What do you think BRICS members can do to reduce dependence on US dollar and protect themselves against US economic pressures?"

ANDREY IVANOVICH DENISOV Russian Ambassador to China "Nobody can deny for a group of countries we call it political arrest is the reason, motive and opportunity to maintain superior position in global economy, to pretend to carry one further their hegemonic approach in international politics, that's Ukrainian conflicts is instrument for these countries, to distort Russia economy, to bring it to distortion and suffocation, that's reality and we face it with open eyes, one of the side effects of this policy is the fact that more and more countries can see that aggressive approach can be moved towards them as well, those who pursue this kind of hegemonic policy will never stop to break any agreement to break any cooperation mechanism, in order to achieve their goals, sometimes it even hurt themselves and don't stop, because the sanctions they imposed on Russia, my country, are sometimes hurt them, bring harm to their economies, and that's where I can remind a very good Chinese saying to lift stone only to drop on their own feet.

The role and the force of US Dollar as international currency is going down now and we need to replace, to substitute something which can work, not just absence, because it is very far to seek to go to the absence of US dollar, but if it goes weaker, then we need to substitute in order to prevent economic loss, that's just pragmatic, non-political and timely demand for all the countries, for economies engaged in global, regional economic cooperation."