The BRICS group is still young as an organization, but has already proven its effectiveness. Brazil, Russia, India, China, and South Africa are coordinating their policies on key international issues ever more closely, and are playing an active part in shaping a multipolar world order and developing modern models for the world’s financial and trading systems.
Thursday, January 24, 2019
'Historical Mistake': Academic Describes How US Facilitated Sino-Russian Entente
The strengthening of ties between China and Russia is hitting a raw nerve with Washington. Speaking to Sputnik, Glenn Diesen, a professor at the Faculty of World Economy and International Affairs of the Higher School of Economics in Moscow, explained how the US had overlooked the formation of the Moscow-Beijing entente
Russia’s state-run United Aircraft Corporation (UAC), the maker of Su-35 and MiG-57 fighter jets, is now tapping Indian market with its Beriev Be-200 amphibious aircraft, which can be used as a cargo or a passenger airplane by the corporate sector
Now, when multilateralism is in dire straits and immediate future is not looking so good, these countries (BRICS and Next Eleven) urgently need preparation and planning to face more protectionism in international trade. Only larger cooperation among themselves can protect their interests in the new world trade order, which may decisively tilt towards the advanced countries – particularly the USA – in the short run