BRICS member nations will utilize the bloc's common reserve funds for mutual support, according to Russian Security Council Secretary Sergey Shoigu. The reserves will include resources like hydrocarbons, fertilizers, LNG, oil, and medicines to ensure certainty and reliance among member countries.
Japan's government will allocate approximately 500 billion yen from reserve funds to subsidize rising electricity and gas costs for households from July to September 2026, aiming to alleviate the burden from soaring crude oil prices due to Middle East tensions. The subsidies are expected to reduce household expenses by about 5,000 yen over three months.
The Japanese government is considering allocating approximately ¥500 billion from reserve funds for electricity and gas subsidies during the summer months, with an additional ¥3 trillion being discussed for a supplementary budget. These measures aim to mitigate the impact of rising energy costs due to the worsening Middle East situation.
