Prospects for combining international cooperation of Russia in the RIC and with the SCO countries

Authors

  • Irina Yurievna Tkachenko Russian Foreign Trade Academy

DOI:

https://doi.org/10.24412.2072-8042-2020-00033

Keywords:

economic integration, Russia, India, China, multilateral cooperation, the use of national currencies, international payments, privileged and strategic partnership

Abstract

The article analyzes the prospects for cooperation between the Russian Federation in the RIC format (Russia - India - China). The objective prerequisites, the current state of affairs and real steps to establish this format of cooperation of the three largest countries in the region are studied. Positive development of the RIC is unlikely in the foreseeable future due to geopolitical contradictions between India and China and regardless of its objective usefulness to all three countries’ growth under the changing world economic order. Russia could become the initiator and moderator in designing RIC cooperation framework that might allow the country to be at the forefront of promoting integration in Eurasia.

Author Biography

Irina Yurievna Tkachenko, Russian Foreign Trade Academy

Candidate of philosophical sciences, Associate professor
Place of work, post: Russian Foreign Trade Academy (119285, Moscow, Vorob’evskoe shosse, 6A), Department of World and National Economics - Professor

Published

2024-02-07

How to Cite

Tkachenko, I. Y. (2024). Prospects for combining international cooperation of Russia in the RIC and with the SCO countries. Russian Foreign Economic Journal, (4), 7–20. https://doi.org/10.24412.2072-8042-2020-00033

Issue

Section

International trade