Economic cooperation of the Russian Federation with the BRICS-5

Annotation

In 2024 five new members joined BRICS, an association primarily pursuing economic goals. In this regard, it seems necessary to identify the degree of development of trade and economic cooperation between the countries that initially formed the group. That should be done in order to determine the accumulated effectiveness and experience of community development. The purpose of this study is to identify the dynamics of economic cooperation between the Russian Federation and the BRICS-5 countries. It is important to admit that the designation “BRICS-5” is used by the authors to emphasize that the study will provide a trade and economic analysis of cooperation between the Russian Federation and the states that form the “core” of the association (the Federative Republic of Brazil, the Republic of India, the People's Republic of China and the Republic of South Africa).To achieve the goal mentioned above, the following methods of scientific cognition were applied: theoretical (analysis, deduction and induction) and empirical (description, comparison, systematization). The source was based on analytical reports from the Ministry of Industry and Trade of Russia, the Eastern State Planning Center, the International Monetary Fund, as well as various scientific publications and online resources (official websites of the Ministry of Economic Development of the Russian Federation, the Ministry of Digital Development, Communications and Mass Media of the Russian Federation, Russian International Affair Council, etc.).

Keywords

• BRICS
• Russian Federation
• cooperation
• export
• import
• foreign trade
• energy resources
• industrial production
• sanctions
• trade balance
• economic cooperation
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Contribution of the authors

Mosakova E. A. – general guidance, development of the research concept, revision of the text, final conclusions; Sukacheva E. O. – processing and presentation of statistical data, writing the draft of the article, data compilation.

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