... lose a lot if they have to take sides in this forthcoming US-China rivalry. On the contrary, it is in their best interests to confront this bipolarity and to mitigate it to the extent possible with a new emphasis on multilateralism.
India, China and Russia are all members of BRICS and of SCO; Moscow could work harder making these institutions more efficient in reaching common denominators for even highly sensitive security and development issues. There is also a separate mechanism of the Russia-India-China trilateral consultations,...
... to compete with the giants like Netflix than any service from a particular the BRICS country is the massive size of the combined BRICS film market. In 2019, China was the world’s
second largest theatrical film market
, India — seventh largest, Russia — tenth; combined BRICS film market would be the world’s largest. Many of these consumers are now turning to digital entertainment services, and this process was intensified by the COVID-19 lockdowns and restrictions. Having an immediate access to this vast market would ...
... further elevated with the signing of the “
Special and Privileged Strategic Partnership
.” Arguably, the partnership between the two countries has been successfully reflected in many instances at regional and global platforms.
India, along with BRICS member states, abstaining its vote during the United Nations
General Assembly referendum against Russia for its accession of Crimea in 2014 and Russia’s unequivocal support to India on the Kashmir issue are few cases in point.
Regarding strategic partnership in sensitive spheres of cooperation between India and Russia, defence cooperation continues ...
... the hegemon within these institutions is nil.
Therefore, it makes sense to regard BRICS as a full-fledged institution of global governance designed to fill the vacuum of cooperation on transnational challenges at the global level. For this to be so, BRICS should not only encourage Russia, China, India, Brazil and South Africa to cooperate among themselves but also, increasingly, induce the Five to dialogue about the world as a whole. It should come up with its own proposals on transnational problems, such as improvements in the ...
... reality of today’s world economy characterized by protectionism, sanctions and weakening multilateralism points to the necessity for reforming global governance. The BRICS could become the key pillar of the new emerging economic architecture and for Russia’s chairmanship in the BRICS in 2020 this means that the key focus needs to be directed at building the framework of BRICS partnerships across the globe. It is through such efforts that the BRICS may after all turn out to be “the stone the builders rejected [and that] has ...
... changing international environment. Hence, the priority goal for both nations’ leaders is to ensure trust between Russia and India via personal contacts at the highest political level such as annual summits and within the multilateral fora such as G20, BRICS, and SCO.
Another instrument to address the risk of growing political gap between Russia and India is to reinvigorate economic ties between the two countries and make both economies more interconnected. It is high time decision makers in both countries re-focused their attention from stand-alone multi-billion strategic projects, which ...
... the contrary, this is the only order attuned to present-day realities, which should promote the comprehensive development of all States – both big and small – and enhanced mutually beneficial cooperation among us on the basis of shared interests.
Russia, as other BRICS countries, rejects diktat and pressure, blackmail and threats, let alone the use of force without the UNSC decision. In contrast, it proposes to follow the path of a mutually respectful dialogue aimed to reach the consensus that takes into account ...
... Post-Soviet economic integration, which was launched in 2009 as part of the Eurasian Economic Union (EAEU), acquired a Central Asian accent.
Bilateral relations and multilateral formats — in particular, as part of the Shanghai Cooperation Organization, BRICS and RIC (Russia, India, China) — have created conditions in which Russia, neither the largest nor a dominant player, has so far been able to maintain balance with more powerful or advanced countries and stand up for its interests more or less effectively.
The ...
... not only strengthen the partnership but open the avenues to future cooperation. In fact, with these initiatives, the ‘energy bridge’ which is being envisioned between the two countries seems getting solidified.
Regional Organizations
India and Russia have been closely associated in the multilateral organizations both at the global and regional levels. The two leaders spoke of the significance of the BRICS, R-I-C and Shanghai Cooperation Organisation (SCO). In fact, the SCO was of major focus during the discussion between the two leaders. To make SCO an important and strong pillar, the SCO members are currently engaged
in the joint military exercise ...
... protracted play.
When President Yeltsin first submitted an application for Russia’s membership in the G7 back in 1992, there were simply no other alternative associations in the world where Moscow could try to squeeze in. Structures such as the G20, BRICS or SCO did not exist at the time, and Russia’s membership in NATO and the European Union seemed unrealistic even then. Therefore, joining the “Group of Seven” not only pursued situational tasks (access to financial and technical assistance from the West, restructuring Soviet debts, ...
