(Reuters) – Russia has asked the BRICS group emerging economies to coordinate actions to stabilize the economy, Anton Siluanov, Russian Finance Minister, said Monday.

Siluanov spoke at a meeting with ministers and central bankers of the BRICS, which consists Brazil, Russia India, China, South Africa and China.

Siluanov noted the risks associated with a global financial crisis, as well as diminished trust in world’s foreign and financial markets.