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BRICS: An Archipelago of Stability in a Stormy Sea of ​​Circumstances

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As part of its BRICS chairmanship, Ryabkov said, Russia will uphold a firm commitment to the principles and values ​​of the association, providing a “harmonious and seamless” relay race from Brazil. The main goal of the work is to improve the quality of life of the citizens of the member countries. Currently, an event calendar has already been approved, which includes two summits and twenty ministerial meetings. In general, the BRICS activities cover three main areas, and each has a comprehensive strategy: these are politics and security, economics and finance, as well as cultural and humanitarian contacts, which also receive significant attention.

The potential of BRICS is largely based on the fact, that this association does not offer an alternative to existing international standards, does not compete with anyone and therefore does not impose its agenda. “We would not be able to advance in practical cooperation if we began to adjust this cooperation to changing conditions. Perhaps changes in the world arena will bring certain colours to its activity, but then BRICS will determine whether it needs to send a signal or not,” Ryabkov said. At the same time, now the five members are faced with the task of expanding their influence, and involving other small and medium-sized countries in their activities. This is now partially being implemented within the framework of the BRICS+ and BRICS-outreach projects.

According to Sergey Afontsev, a corresponding member of the Russian Academy of Sciences and deputy director of IMEMO RAS, in an economic science, in contrast to political science, anarchism is considered a normal aspect of the market economy. While it is regulated by some rules and procedures, there is no need to deal with it, but today we are faced with erosion of both. If at the beginning of the decade international institutions still remained effective, now they are losing both their authority and operationality. On the one hand, we see the decline of institutions such as the WTO or the IMF, and on the other, a general decomposition of a system based on the leadership of one country – the United States, which is now shifting to the position of egoistic hegemony and trying to transform the existing order to derive private benefits.