... 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 attracts countries indicating their desire to join BRICS. But the obvious obstacle to this scenario will be the position of India, which is not interested in strengthening the role of its strategic competitor. Especially since the Indian economy has shown higher GDP growth than Beijing in recent years (except in 2020), and this advantage
is predicted by the IMF until 2026
...
... actors) are 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,...
... talents. The countries also have some of the world’s most reputable learning institutions in the field of cinema, such as Gerasimov Institute of Cinematography (VGIK) (Russia), Beijing Film Academy (China), Satyajit Ray Film and Television Institute (India) and others.
Third, the BRICS countries have a significant record of successful efforts and a skilled workforce in the fields of digital technology, artificial intelligence and data analysis, which are vital components for a successful streaming media.
Another important reason ...
... bilateral ties were 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 ...
... 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 are reaching ...
... two sectors 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 ...
... sanctions and enforcing them all signatories or depriving Germany and Europe from pursuing investments and progress with Nord Stream II while expanding Permian oil and gas basin on full speed, or its growing and guided trade war with China and lately India are all signs of major concern for the custodian of the global reserve currency.
New World Begets a New Bank
As a default mode, China should also beware that “the sanctioned objects in the mirror are closer than they appear.” In other words,...
... raises certain questions: To what degree is BRICS suitable as a platform for discussing anti-terrorist initiatives? And can breakthroughs in this area be achieved within BRICS?
Dattesh Parulekar:
BRICS Should Avoid Becoming an anti-US Group
SCO and BRICS
When India and Pakistan were admitted to the Shanghai Cooperation Organisation (SCO) in June 2017, it seemed it would replace BRICS as the principal platform for discussing regional security issues. The SCO has several major advantages over BRICS in that regard: ...
... the Chinese to conclude these projects, because only then Indonesia will be able to move to a higher level of economic mobility. And that’s why the Chinese feel that they are their best friend.
That’s why, in my opinion, China wants Indonesia and India wants Mexico. BRICS has its very important role to play but obviously, it has to keep building. It has to consolidate. I think that big challenge that BRICS will face is the issue of how to harmonize the policies. There are five countries from five different parts ...
... a large set of bilateral agreements between public and private bodies. The summit also demonstrated that Russia is actively and successfully stepping up cooperation with Latin American countries and enhancing its multi-format collaboration with the BRICS nations, particularly with China and India.
It is both curious and telling that the media was most interested in the meetings held by Vladimir Putin, Xi Jinping, and Donald Trump. However, we should mention the different approaches of these heads of state. For example, the President of the ...
