BRICS: Agenda for Russia at the 2020 summit in Chelyabinsk

Authors

  • Boris Aronovich Kheyfets Institute of Economics, Russian Academy of Sciences, Financial University under the Government of the Russian Federation

DOI:

https://doi.org/10.24412.2072-8042-2019-00016

Keywords:

BRICS, investment cooperation, free investment zone, payments in national currencies, Bank for International Settlements BRICS

Abstract

The article highlights current issues of the development of economic cooperation between the BRICS countries and existing problems in this area. Particular attention is paid to the prospects of investment cooperation and the expansion of mutual settlements in national currencies. Specific recommendations are given on the conclusion of a preferential investment agreement, as well as on the creation of an international settlement bank for small and medium-sized businesses of the BRICS countries. It is proposed to include these initiatives in the agenda of the BRICS 2020 summit in Chelyabinsk.

Author Biography

Boris Aronovich Kheyfets, Institute of Economics, Russian Academy of Sciences, Financial University under the Government of the Russian Federation

Doctor of Economic Sciences

Work place, position: Institute of Economics, Russian Academy of Sciences (Novocherjomushkinskaja, 42a, Moscow, 117418) - Chief Researcher, Financial University under the Government of the Russian Federation (49 Leningradskij prospekt, Moscow, 125993) - Professor

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Published

2024-02-08

How to Cite

Kheyfets, B. A. (2024). BRICS: Agenda for Russia at the 2020 summit in Chelyabinsk. Russian Foreign Economic Journal, (1), 63–74. https://doi.org/10.24412.2072-8042-2019-00016

Issue

No. 1 (2019)

Section

World economy