Sergey Lavrov Discusses BRICS and RIC Troika Ahead of Summit
PM Modi’s Visit to Russia
Russian Foreign Minister Sergey Lavrov has reaffirmed the existence of the Russia-India-China (RIC) troika, despite it not meeting recently due to various circumstances. Lavrov’s comments came during an interview with a Moscow-based news outlet. Prime Minister Narendra Modi is scheduled to visit Russia from October 22-23 to attend the 16th BRICS Summit in Kazan, marking his second visit to Russia this year.
BRICS: A Shift in Global Economy
Lavrov highlighted that BRICS represents a shift in the global economy, with new centers of economic growth emerging in Eurasia and the Asia-Pacific region. The term BRICS originated from a study identifying the world’s fastest-growing economies. Lavrov noted that BRICS was formed from the RIC troika, which was initiated by Yevgeny Primakov in the 1990s. Although the troika hasn’t convened recently, it remains an independent mechanism.
Expansion and Collaboration
Lavrov explained that Brazil and South Africa joined the RIC, transforming it into BRICS. The group prioritizes the needs of its nations and continues to grow in interest. BRICS is committed to enhancing the collective potential of its member nations and devising strategies for mutual benefit. Experts from various fields collaborate to harness these potentials.
Future Prospects
Lavrov mentioned that BRICS is working on a proposal for a new partner country category, which will be presented at the Kazan meeting. He emphasized that BRICS is not about fighting others but about benefiting from collective strengths. The group was established to leverage competitive advantages like geographical location and shared history.
Historical Context
The leaders of BRIC countries first met in 2006, and the first BRIC summit was held in 2009. The group was renamed BRICS after South Africa joined in 2010. Recently, BRICS admitted four new members: Egypt, Ethiopia, Iran, and the United Arab Emirates.
Doubts Revealed
Sergey Lavrov -: Sergey Lavrov is the Foreign Minister of Russia. He is an important person who helps manage Russia’s relationships with other countries.
BRICS -: BRICS is a group of five countries: Brazil, Russia, India, China, and South Africa. These countries work together to improve their economies and help each other grow.
RIC Troika -: RIC Troika stands for Russia-India-China. It is a group where these three countries discuss and cooperate on various issues to strengthen their relationships.
Summit -: A summit is a big meeting where leaders from different countries come together to talk about important topics and make decisions.
Kazan -: Kazan is a city in Russia where the 16th BRICS Summit is going to be held. It is known for its rich history and cultural diversity.
Eurasia -: Eurasia is a large area that includes both Europe and Asia. It is important because many countries in this region are working together to improve their economies.
Asia-Pacific -: The Asia-Pacific is a region that includes countries in Asia and the Pacific Ocean. It is important for trade and economic growth.
BRICS expansion -: BRICS expansion refers to the idea of adding more countries to the BRICS group. This would help the group become stronger and more influential globally.
BRICS partner country category -: This is a new idea to create a special category for countries that want to work closely with BRICS but are not full members. It would help these countries benefit from BRICS’ activities.
