Russia Prepares To Host BRICS 2020: BRICS Strategy for Economic Partnership to 2025

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Russian President Vladimir Putin will host the Heads of State of Brazil, China, India and South Africa via videoconference on 17 November for the BRICS 2020 summit. Initially planned to take place in July, it was postponed due to the current coronavirus pandemic.

The leaders will discuss the strengthening and further development of cooperation within the framework of BRICS, including in the context of the global political and socioeconomic consequences of the COVID-19 pandemic.

In addition, the leaders will focus on significant and complicated issues or questions relating to geopolitical to socioeconomic spheres, transformations on the global landscapes in the 21st century. The meeting will adopt a working document that will further reinforce the position and development of the group.

The theme of the meeting is “BRICS Partnership for Global Stability, Shared Security and Innovative Growth.” They will discuss the enhancement of their countries’ trade and economic collaboration and coordination at international stage or platforms.

This includes the BRICS updated Strategy for Economic Partnership to 2025. This document defines guidelines and priorities of cooperation and gives a new impetus to development of trade and investment cooperation among the five countries.

The website for the BRICS 2020 summit is here while a special issue of Russia’s ‘International Affairs’ magazine, detailing Russia’s position as Chair of BRICS during 2020 is available in English. It contains comments from Sergei Lavrov, Russia’s Minister of Foreign Affairs and the following useful articles:

Sergei Ryabkov, Deputy Minister of Foreign Affairs of Russia: “Priorities of the Russian BRICS Chairmanship in 2020”

Oleg Stepanov, Director of the Foreign Policy Planning Department of the Ministry of Foreign Affairs of Russia: “BRICS and Global Governance in a Multipolar World”

Victoria Panova, Vice-President for International Relations of the Far Eastern Federal University: “Evolution of BRICS in International Relations”

Ksenia Yudaeva, First Deputy Governor Central Bank of the Russian Federation: “BRICS response to challenges of the global financial system”

Ilsur Metshin, Mayor of Kazan: “The Relations between Cities and Municipalities in BRICS: Development and Prospects”

and can be downloaded here

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Russia Briefing is written by Dezan Shira & Associates. The firm has 28 offices throughout Eurasia, including China, Russia, India, and the ASEAN nations, assisting foreign investors into the Eurasian region. Please contact Maria Kotova at russia@dezshira.com for Russian investment advisory or assistance with market intelligence, legal, tax and compliance issues throughout Asia.

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