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BRICS new model of global relations- Russia
March 22, 2013, 7:40 am


Russia wants to enhance BRICS interaction within the UN, says the report [Xinhua]

Russian President Vladimir Putin has ratified Russia’s official document on strengthening BRICS, ahead of the 5th BRICS Summit on March 26-27 in Durban.

The report titled, Policy Concept on Russia’s Participation in BRICS outlines the Russian position on BRICS.

According to the official report Russia is in favour of “positioning BRICS in the world system as a new model of global relations, overarching the old dividing lines between East and West, and North and South”.

Russia will enhance BRICS interaction within the UN in every possible way, states the report.

The report decreed by Putin also seeks to prevent the use of the UN, especially the Security Council, “to cover up the course towards removing undesirable regimes and imposing unilateral solutions to conflict situations, including those based on the use of force.”

Russia and China have vetoed UN resolutions against the Syrian government.

Also, in a major push to creation of independent rating agencies of BRICS states, Russia has stated that these agencies would contribute to a more objective assessment of the market position of national companies and banks in BRICS countries.

In a significant new move, Russia has also offered to “assist other BRICS states in settling differences that arise between them” when BRICS partners ask for it.

Russia has also suggested establishing an advanced system of mechanisms of foreign policy cooperation that would include foreign ministers meetings, meetings of senior foreign policy officials for discussing and preparing joint decisions on topical international political issues, and close collaboration between permanent missions of BRICS.

Reforming the international financial and monetary system will remain a long-term priority for cooperation within BRICS, states the report.

The Russian side will pursue the following major goals in this field:

  1. To complete the current stage of the International Monetary Fund reform under the terms and conditions agreed upon by the G20 and the Fund.
  2. To reform the global monetary and financial system in order to create a more representative, stable and predictable international reserve currency system.
  3. To augment the role of national currencies in mutual payments between BRICS states and to promote a more extensive participation of the Russian business community in business forums held by BRICS.
  4. To ensure the energy security of the Russian Federation and of its BRICS partners.

The BRICS Post