Integration Processes and Cooperation of Russia with the BRICS Countries

Abstract

The article presents an analysis of the current state of integration processes within the framework of the BRICS association. The factors contributing to the unification of countries into the BRICS organization and their development are considered, including: high rates of economic growth of the BRICS countries, a “critical mass” of resource potential, a large volume of the domestic market of goods and services, the coincidence of economic and political interests in the international arena. The main mechanisms of integration development and cooperation within the framework of the association are annual BRICS summits, meetings of heads of BRICS countries at various levels and their representatives, holding forums, seminars, scientific conferences and other events. It is shown that during the summits the common political and economic interests of the BRICS countries are revealed, joint solutions are developed. As a result of the summits, a number of agreements were reached, important agreements were signed, which indicates that the partnership between the BRICS countries has prospects and will develop. The cooperation of Russia with the BRICS countries in the economic and trade spheres of activity is considered. The objectives and regulatory legal framework of such cooperation are defined, the analysis of the existing trade and economic relations of Russia with each of the BRICS states is carried out, promising areas of interaction with the BRICS countries and the possibility of collective participation of BRICS in international organizations and regional integration associations, including the Eurasian Economic Union, are formed, emphasized the importance and relevance of the task of in-depth study of the economy, domestic and foreign policy of Russia’s BRICS partner states.