Russia Calls For More BRICS Cooperation in Various Spheres – Putin

Russia is promoting active cooperation between BRICS member-states, particularly in the sphere of electronic commerce, Russian President Vladimir Putin said in an interview with Sputnik and the IANS news agency.

“The Russian side has proposed more than 60 projects, a kind of a road map, which could be implemented in cooperation with its BRICS partners (with a single partner or with all of them). I believe that if we manage to jointly determine partners for the implementation of these projects, it will be an important step towards the modernisation of our countries’ economies,” Putin said.

According to the Russian president, the projects are part of the action plan that is being prepared as part of the Strategy for Economic Partnership adopted during Russia’s BRICS presidency.

“Russia also supports enhanced cooperation in electronic commerce (including analysis of key barriers between the countries in this sphere, development of the best regulatory practices, etc.), in trade facilitation (with involvement of the Eurasian Economic Commission), supporting small and medium-sized businesses (launching a web portal for BRICS small and medium-sized businesses), and protection of intellectual property,” Putin said.

The Russian president will come to India for the BRICS summit due to be held on October 15-16 in Goa.

BRICS is an association of five developing economies which comprise over one third of the world’s population. BRICS member-states (China, Russia, Brazil, India and South Africa) have a combined nominal GDP equivalent to approximately 20 percent of the gross world product.