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Theoretical and Applied Economics
Reference:
Ozarnov R. —
The peculiarities of Russia’s foreign trade with BRICS countries
// Theoretical and Applied Economics.
– 2018. – № 3.
– P. 181 - 192.
DOI: 10.25136/2409-8647.2018.3.27092 URL: https://en.nbpublish.com/library_read_article.php?id=27092
The peculiarities of Russia’s foreign trade with BRICS countries
Ozarnov Ruslan
Post-graduate student, the department of World Economics and Finances, Financial University under the Government of the Russian Federation
125993, Russia, g. Moscow, Leningradskii prospekt, 49, Departament mirovoi ekonomiki i mirovykh finansov
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ozarnovr@gmail.com
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Другие публикации этого автора |
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DOI: 10.25136/2409-8647.2018.3.27092
Review date:
08-08-2018
Publish date:
28-09-2018
Abstract. This article is dedicated to the peculiarities of Russia’s foreign trade with BRICS countries. The subject of this research is the economic relations emerged in the process of organization of Russia’s foreign trade with BRICS member states. The author examines and analyzes the statistical data on export and import, their structure, as well as financial and nonfinancial means of foreign trade. The forecast of Russia’s export and import with BRICS member state for 2018-202 is provided. The participation of countries in BRICS Association opens prospects for trade and economic cooperation and sustainable development for each of group member; for Russia, the cooperation with BRICS countries is one of the priority directions of the country’s long-term development strategy. The research is based on the general scientific methods of cognition (analysis, synthesis, comparison), table and graphic interpretation of statistical information, and time series. A conclusion is made that over the recent decade, Russia’s foreign trade turnover with the BRICS group demonstrates steady growth, which allows forecasting further positive dynamics in the trade and economic relations; an important role in this process is played by the financial and credit institutions. The scientific novelty lies in statistical examination of the exported and imported commodities, and the overall commodity turnover. The author explores the export and import structure between Russia and China; circumstantiates the statistics of commodity turnover between Russia and Brazil, Russia and India, Russia and South Africa; suggests the instruments for stimulating Russia’s foreign trade with BRICS countries.
Keywords:
BRICS, international finance, trade finance, banking, international economic relations, international trade, Russia, China, world economy, macroeconomic forecasting
This article written in Russian. You can find full text of article in Russian
here
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