Brazil

BRICS and the Evolving Russia-India-China Security Agenda

Russia India and China are paying more and more attention to international security issues. They have developed a broad common security agenda via cooperation through two international institutions created by them. BRICS serve as a mechanism for promoting their economic security interests, SCO is focused on traditional security issues. Along with forming a common position on main international security problems, Russia, India and China act as great powers and disagree on certain security matters mostly of regional and bilateral nature.

The Evolution of Russian Strategy Towards BRICS

This article examines the evolution of Russia’s policy towards BRICS from the time of its formation as a group of four countries in 2006 to the present. The authors analyse the main political objectives that guided Moscow in initiating the creation of this format and in developing it in subsequent years. The article argues that, with Russia as a participant, the character of the organization has undergone major changes, due both to the changing international situation and fundamental changes that the foreign policy of Russia itself has undergone since 2014.

Sixth BRICS Summit: A step towards more equitable global order?

The Declaration pushes for a more equitable norm and the New Development Bank is an interesting outcome. The initial subscribed capital of $50 billion dollars and the responsibilities of the functioning are to be shared equally among the founding members of the bank. While China will host the headquarters, the regional centre will be located in South Africa; similarly the first President of the Bank will be from India, the First Board of Governors from Russia and the first chair of Board of Directors from Brazil.

Future of Golden BRICS

With the successful holding of the fifth summit of Brazil, Russia, India, China and South Africa (BRICS) in Durban during March 26–27, 2013, this influential group of emerging economies completed its first important phase of genesis and evolution. The idea was floated in 2001 as an ‘acronym’ created by an investment banker of Goldman Sachs, Jim O'Neil who believed that the fast-growing economies of Brazil, Russia, China and India would be the single greatest game changers in coming times.