IMF Executive Board decides on $1.8 billion conditional loan for GreeceBusiness & Economy July 21, 3:34
Earthquake of 6.7 magnitude hits off Turkey’s western coastWorld July 21, 2:58
ExxonMobil launches legal challenge to finding it violated US sanctions against RussiaBusiness & Economy July 21, 1:36
Russian Knights aerobatic team to perform at Dubai airshowMilitary & Defense July 20, 21:28
Russia looks to its Navy to become world secondMilitary & Defense July 20, 19:10
ExxonMobil disagrees with US Treasury Department’s decision to assess fineBusiness & Economy July 20, 18:45
Putin signs decree on Russia’s navy policy until 2030Russian Politics & Diplomacy July 20, 18:39
Putin personally congratulates human rights champion Alexeyeva on her 90th birthdaySociety & Culture July 20, 18:20
Russian boxer Povetkin reinstated into WBO’s ratings, ranked eighthSport July 20, 18:08
MOSCOW, February 27 (Itar-Tass) —— The unique structure of BRICS clearly symbolises transition from the unidirectional to a fairer world structure, Russia’s Prime minister said.
“We are just getting used to working in this format, we are adjusting to each other,” he wrote in his program article “Russia and the Changing World”, published in the Moskovskiye Novosti daily on Monday. “But when the BRICS’ quintuple /Brazil, Russia, India, China and South Africa/ displays itself, its influence in the international economy and policy will be quite considerable.”
The prime minister stresses that Russia “will give a priority importance to cooperation with its counterparts in BRICS.”
“This unique structure, organised in 2006, symbolises clearly the transition from the unidirectional towards fairer world structure,” the article reads. “It unites five major emerging economies, colossal labour and natural resources, huge domestic markets.” With the joining of South Africa, “BRICS gained a full-fledged global format, and now it unites over 25 percent of the world’s GDP.”
The organisation “should establish closer coordination in foreign policies, should work closer within the UN platform,” Putin wrote.
Commenting on the relations with one of BRICS’ members, China, Putin expressed the view that “the growth of the Chinese economy is not a threat, but a challenge of a colossal potential of business cooperation, a chance fill “sails” of our economy with the “Chinese wind.”
“We should be more active in establishing new cooperation ties, combining technological and industrial opportunities of our countries using – smartly, of course, - the Chinese potential for raising the business of Siberia and the Far East,” Putin writes.
“Besides, China’s conduct in the international arena does not give a reason to speak about its claims for domination,” the prime minister said. “The Chinese voice is heard in the world more confidently, and we are welcoming it, as Beijing shares our view on the forming world order of equal rights.”
“We shall continue supporting each other in the international arena, to solve jointly vital regional and global problems, to activate cooperation at the Security Council of the United Nations Organisation, BRICS, Shanghai Cooperation Organisation, G-20 and other multilateral mechanisms,” Putin said.
“My major idea is that booming and stable China is important for Russia and, in its turn, for China, I am sure, it is important that Russia is strong and successful,” the prime minister wrote confirming at the same time that “not everything is that problem-free with China.”
Putin also highlights the growing role of Latin America and Africa.
“One of the key tasks for the upcoming period is increasing with them of trade and economic cooperation, implementation of joint projects in energy, infrastructures, investments, science and technique, banking and tourism,” Putin said.
“The growing role of the mentioned continents in the forming democratic system of managing the global economy and finances reflect the activities of the Group of Twenty,” the prime minister said.
“I believe, that soon this union will become a strategically important instrument not only of crisis management, but of long-term reforming of the world’s financial and economic architecture,” Putin forecasts.
In 2013, during Russia’s chairing role in the organisation, the prime minister calls for “using the chairing functions also for improving cooperation between G-20 and other multilateral structures, and first of all with G-8 and, surely, with the UN.”