“I think it’s fair to say that announcements will follow on how to create new costs and consequences for Russia, but I would not like to get ahead of myself,” RIA Novosti quotes him.

He added that the discussion will focus on how to increase Russia's isolation from the global economy, strike at the supply chains of the Russian military-industrial sector and tighten enforcement of sanctions.

Earlier, Chinese President Xi Jinping, as part of his speech at the BRICS summit, called on countries to fight against unilateral sanctions.