Multilateral financial institutions of the BRICS member countries in the context of new anti-russian sanctions

Affiliation: Institute of World Economy and International Finance, Financial University under the Government of the Russian Federation
Address: Russian Federation, Moscow

Journal name

Obshchestvo i ekonomika

Edition

Issue 8

Pages

37-52

Abstract

The topic is of current interest due to more economic and financial sanctions against Russia. The research takes its root in a standpoint that multilateral financial and economic institutions established on the basis of the BRICS’ agreements may become alternative sources of capital and finance in case of a full blockade of Russia as part of the world financial system. The practical significance of the research’s results sits in the development of approaches to forming a strategy for Russia in relations with multilateral financial institutions of the BRICS to support and finance selected fields of her economic activity under harsh economic conditions based on a targeted model of dealing with friendly and unfriendly countries. The article contains proposals and recommendations about potential adjustment of the Russian foreign economic strategy until 2025.

Keywords

BRICS, friendly economies, unfriendly economies, multilateral financial and economic institutions of the BRICS, world system of currencies and finance, anti-Russian sanctions, an economy as a citadel, economic autarchy

Publication date

31.08.2022

Number of characters

32738

Cite

GOST	Zharikov M. Multilateral financial institutions of the BRICS member countries in the context of new anti-russian sanctions // Obshchestvo i ekonomika – 2022. – Issue 8 C. 37-52 [Electronic resource]. URL: https://oie.jes.su/S020736760021507-6-1 (circulation date: 29.04.2024). DOI: 10.31857/S020736760021507-6
MLA	Zharikov, Mikhail "Multilateral financial institutions of the BRICS member countries in the context of new anti-russian sanctions." Obshchestvo i ekonomika 8 (2022):37-52. DOI: 10.31857/S020736760021507-6
APA	Zharikov M. (2022). Multilateral financial institutions of the BRICS member countries in the context of new anti-russian sanctions. Obshchestvo i ekonomika (8), pp.37-52 DOI: 10.31857/S020736760021507-6

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