...
tried to present
the media company as one backed by Russia, but they had to admit that “pro-Russian sentiments in the countries of Africa and the East are just finding fertile ground.”
Possible change of policy
Dmitry Razumovsky:
What Could Take BRICS Forward?
When we try to explain why Russia’s position finds support in South Africa, we can highlight a number of reasons. First, it is the historical legacy of the relations between the two countries. For several decades, the Soviet Russia supported quite a number of liberation movements ...
... important, compromise priorities, achieving their in-depth elaboration. This is reflected in the much narrower priorities that Brazil chose to state. However, the quality of their elaboration was at the highest level, which was duly noted by Sergei Ryabkov, Russia’s Sherpa in BRICS.
However, a period of concentration should be followed by new expansion and growth. Alas, BRICS has so far failed to demonstrate real potential for this, given the association’s setbacks in fighting COVID-19. The events in Ukraine of early 2022,...
... Valdai club introduced the R5 initiative several developments have rendered its implementation more feasible.
As noted in the original Valdai article on the R5 concept, “the “R5 initiative” targets the use of the respective national currencies of BRICS countries – Rouble (Russia), Rand (South Africa), Real (Brazil), Rupee (India) and Renminbi (China) – within the BRICS+ circle and more broadly in the world economy. The elements of such a strategy may include measures to boost trade and investment among BRICS+ (cooperation ...
... signing of a memorandum on understanding between the Eurasian Economic Union (EAEU) and MERCOSUR (in 2018) as well as between the EAEU and ASEAN (2018)
The creation of regional centers of the BRICS New Development Bank (NDB) in South Africa, Brazil and Russia.
Approval of the expansion in the membership of the BRICS New Development Bank (NDB) to include Bangladesh and Uruguay — the regional partners of India and Brazil respectively
There is also the Covid pandemic that has rendered the global economy more fragmented and regionalized. Another important development ...
... cooperation between the two countries, but also paved the way for Putin’s expected visit to India in the near future. As Lavrov stated, Russia appreciates both regional and global cooperation with India, starting from the work within the UN, SCO, G20, and BRICS, but also a strong commitment to the ASEAN centrality. The 2021 Indo-Russian Annual Summit could thus be a memorable occasion for cementing this partnership.
[1] - Chari, P. R. (1979). Indo-Soviet Military Cooperation: A Review. Asian Survey, 19 (3), p. 232.
Camilla Gironi
... 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 ...
