The leaders of Russia and Brazil, two giants of the world economy seeking a more powerful global role, sealed a strategic cooperation pact Friday to promote their interests jointly in a multipolar world.

The current state of world affairs and bilateral relations within the framework of international institutions was the obligatory topic at the Kremlin summit of Russian President Vladimir Putin and Brazil's Dilma Rousseff.

Brazil and Moscow seek to merge their international policies, not only to promote a multipolar world but to push the reform of organizations like the IMF and the United Nations.

"Our countries champion a multipolar world that reflects the profound transformation humanity is going through," the Brazilian president told the press after the meeting.

Rousseff made it clear that the two countries maintain "a constant dialogue on reforming the International Monetary Fund and international financial institutions."

"We want to publicly thank President Putin for yet another show of support for Brazil's ambition to become a permanent member of the U.N. Security Council," she said.

Russia and Brazil hope their annual volume of bilateral trade will soon reach $10 billion, Putin said.

Trade between Russia and Brazil doubled between 2005 and 2008, a rate of growth halted by the world economic crisis but that made a comeback last year, according to a report from Putin's office. EFE