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Leaders of the BRICS change the geopolitical reality with an emphasis on multi-polar world

None of the BRICS countries claims hegemony. All states of association, conversely, stand for a multipolar world, showing respect for international institutions and international legal standards. As emphasized by a member of the State Duma Committee on International Affairs Anton Morozov, BRICS countries together adhere to a balanced and constructive position at all levels of interaction.

Leaders of the BRICS change the geopolitical reality with an emphasis on multi-polar world

XI BRICS Summit in Brazil

XI BRICS summit kicks off in Brazilian capital, which runs from 13 by 14 November. Brazilian leaders, Russia, India, China and South Africa meet to discuss economics and innovation. Scientific, technological and innovative cooperation stands out among the priority topics, digital economy, combating organized crime and money laundering, strengthening cooperation through the BRICS Business Council and the BRICS New Development Bank.

Russian delegation consisting of 80 man headed by Russian President Vladimir Putin. Together with him, Foreign Minister Sergei Lavrov and Energy Minister Alexander Novak flew to Brazil.. In addition to the official economic agenda of the summit, Putin plans to touch upon some political issues in his speech.. First of all, we are talking about the destructive position of the United States in matters of arms control and violations by Washington of the principles of international law..

“BRICS unites quite large economies of the world, the states of the association control large resources, like natural, as well as human. BRICS is an important association, whose member countries, although they are located on different continents, but together adhere to a balanced and constructive position in all international affairs.

The BRICS platform allows promoting Russian approaches to solving all problems, that only exist on the global agenda of international relations”, – explains ABF "Economics today» Anton Morozov.

Leaders of the BRICS change the geopolitical reality with an emphasis on multi-polar world

Economic potential of BRICS

Recall, that BRICS is an informal interstate association of Brazil, Russia, India, China and South Africa. To 2011 year, the abbreviation BRIC was used in relation to the organization. The word BRICS in English transcription is consonant with the English word bricks (bricks).

Also in 2001 year, analysts at Goldman Sachs suggested, that due to the growth of the countries of the association, the future growth of the world economy will be largely ensured, BRICS was supposed to be the "bricks" for the new economy.

Brazil's economic potential, Russia, India and China is, that they could become the four dominant economies by 2050 year. The territories of the five BRICS countries are 28,2 world square, lives there 42% population of the Earth, and their combined gross domestic product is a whopping 16,8 trillion dollars or 22,5% of world GDP.

"Certainly, every country, being a member of any international organization, guided by its own national interests and approaches. The task of such an international organization as BRICS is to, to bring these approaches closer and develop mutually acceptable solutions to certain problems”, – adds Morozov.

Leaders of the BRICS change the geopolitical reality with an emphasis on multi-polar world

Key Topics of the Summit

“At the upcoming BRICS summit, the key topic for discussion will be digital transformation in the economy and increasing global competitiveness. The parties will mainly discuss topics, related to the economy and bringing it to a higher level, including through and introduction of modern innovative technologies. Everything will revolve around digitalization.

Until we fully realize, what does it mean for ordinary people, but everyone understands, that the development of the world economy in the next decade will be built around this phenomenon. It is important to keep pace with these processes, keep, trying to become innovators and leaders in the implementation of digital technologies”, – considers associate professor at MGIMO, political scientist Nikolai Topornin.

Another area of ​​dialogue within the BRICS is related to the desire to get away from dollar dependence.. Head of Finance and Economics at the Institute of Contemporary Development Nikita Maslennikov not surprised, that the BRICS leaders are reacting to this situation and are looking for different ways to transform the global monetary system. According to the economist, constant threats of US sanctions, intensified in the last year and a half, create additional geopolitical risks for the dollar.

Leaders of the BRICS change the geopolitical reality with an emphasis on multi-polar world

BRICS New Development Bank

China in the future may have an additional benefit here, since its currency is the most powerful of all the countries of the five and was even accepted by the IMF as the sixth potential reserve currency of the world. Within the framework of the summit, proposals were made to switch to national currencies in settlements among themselves. While only the vector is given, but the process is very difficult., because it affects a lot of international agreements and currency arrangements.

The BRICS New Development Bank plays an important role in the structure of cooperation between the countries., on the creation of which the countries agreed in 2013 year. The bank's maximum capital was 100 billion, of which the majority is 41 billion contributed by China, Russia, India and Brazil contributed equally 18 billion, and the share of South Africa was 5 billion.

In July 2015 the bank began its work on the selection of projects for financing infrastructure projects and sustainable development projects in the BRICS countries and developing countries. Russia offered more 30 projects for implementation on their own territory, and the NBR first gave us 460 million dollars for a project to support the Russian judiciary. AT 2018 BRICS New Development Bank decided to finance two more new infrastructure projects in Russia.

The first of them is aimed at providing clean water to remote villages., located along the Volga, and the second project involves the restoration of the "old historical cities" of Russia. For both projects, BRICS allocated 540 million dollars. Project selection is not about making a profit, but rather about the social aspects of lending or the problem of preserving the environment.

Leaders of the BRICS change the geopolitical reality with an emphasis on multi-polar world

Security Discussion

“We start from, that BRICS is not some kind of integration association, and the association of large interested states, which is somewhat reminiscent of the G7. But since, for political reasons, neither China, nor Russia, neither India is invited to the seven, then we created an organization, where we can independently determine the vector of our development and set some priorities. Naturally, that in addition to multilateral formats, various issues of bilateral relations will also be considered.

Need to say, that the Russian Federation has established very good relations with almost all BRICS countries. Surely, countries will also evaluate various international events, that concern the world community. There is a place to discuss security issues.. May be, security and does not fit into the agenda of the summit directly, but without a secure world, it is difficult to make plans for the development of the economy in the long term”, – considers Topornin.

According to the analyst, now we are witnessing the erosion of international security agreements, primarily from the United States. Already a fact, that they left the INF Treaty. Trump also announced plans to withdraw from the open skies treaty. And the saddest, that START-3 expires in a year. To extend it, it was necessary to start negotiations yesterday.

Leaders of the BRICS change the geopolitical reality with an emphasis on multi-polar world

The growing role of BRICS in the world

START-3 remains the last major treaty in the field of global security, which holds back the modern arms race. Surely the BRICS leaders will talk about this. As Anton Morozov, a member of the Russian State Duma Committee on International Affairs, adds, The United States is indeed undermining the security system for its own interests.. All this cannot but disturb all states, who, as a result of this irresponsible policy, are in a rather vulnerable position.

According to the politician, the issue of global security should not only concern the BRICS, but all other countries, especially those states, which do not have serious weapons systems and cannot withstand possible aggression from large states. Morozov counts, that approaches to resolving security issues will be discussed to the maximum at the BRICS platform, then to use the developments on other international platforms, including the UN.

This is very important to understand, that none of the BRICS countries claims hegemony. All states, on the contrary, are in favor of a multipolar world., showing respect for international institutions and international legal standards. For, to increase the role of BRICS in the world, The "five" have to learn how to act from a unified position in the international arena. And recently there have been movements in this direction.. If the voice of BRICS will sound unified on other international platforms, then the influence and position of the BRICS in global politics will increase dramatically.

Andrey Petrov

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