... Lissovolik (Lissovolik), Program Director with the Valdai Discussion Club and member of the Russian International Affairs Council, shared his views on these matters with Global... ... responses coming though G20 policy coordination.
GT: How do you feel about the changes in China's role and influence in the G20 over the past few years? What has China's vision... ... the developing economies in the G20 as well as in other international fora such as BRICS/BRICS+. China's particular emphasis placed on openness and multilateral cooperation...
... million squared kilometers, with China taking the 3rd position, Brazil and India taking the 5th and 7th spot respectively. Furthermore, the top three spots in the world in terms of the number of countries that border the respective economies are taken by BRICS economies — China and Russia hold the number one spot with 14 border countries, while Brazil and India take the #3-4 ranking with 10 border countries each. Four BRICS economies also take the top 4 positions in the world in terms of the length of the border with neighboring ...
... global influence and becoming the epicentre of multilateral partnership in the interests of universal and equal development. It is by no accident that the Summit was attended by 13 countries in addition to Brazil, Russia, India, China and South Africa (BRICS+).
The leaders of Russia and China said in their addresses that the nations of BRICS stand for joint efforts to promote peace and stability around the world. BRICS enjoys support of many nations in Asia, Africa and Latin America. The five countries seek independent foreign policies ...
... demonstrates the failure of the policy of isolating Russia. The Kremlin is ready to move away from the previous logic of the BRICS, when the association was emphatically positioned neither as an alternative to the West, nor as a coalition against it. Today, such positioning is no longer relevant for Russia and China. The latter confirmed this by inviting Iran to participate in the Summit, a country that is in a long-standing conflict ...
It’s perhaps hard to believe now but – only eight years ago – Russia was a full member of the former G8. Since then, there have been dramatic changes
... ... leaders met at Elmau Castle in Bavaria last week, their counterparts from the five BRICS countries held an online summit under the Chinese presidency. Russia had been... ... technologically and militarily.
Even before the outbreak of the
“hybrid war,”
China had overtaken Germany not only as Russia’s principal trading partner, but also...
... instance, without India preemptively averting the scenario of Russia’s potentially forthcoming disproportionate dependence on China by becoming its alternative valve from Western pressure, Moscow could either have voluntarily submitted to becoming the ... ... Western bloc since it might not have been able to stand independently on its own for too long.
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Dmitry Razumovsky:
What Could Take BRICS Forward?
What India therefore did throughout the course of the last 100 or so days of the Ukrainian Conflict was decisively ...
... sanctions and creating financial, logistical, and other mechanisms alternative to those of the West is actively promoted.
The
second scenario
is the increasingly dominant role of China, the growing dependence of other countries on it, especially of Russia, and the transformation of BRICS into a mutual aid fund, where China will support its partner countries through the New Development Bank and other instruments, while pushing its own agenda and interests. This scenario is already, if partially, the case. It is no secret that access to additional resources of the NDB ...
... 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 between the respective RTAs to create more scope for the use of national currencies), cooperation ...
The regional BRICS+ format is the only feasible platform for economic integration alliances to be ... ... integration, writes Valdai Club Programme Director Yaroslav Lissovolik.
The coming of China’s chairmanship in the BRICS grouping in 2022 is likely to provide a fresh impulse... ... 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...
... going to 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,...
