BRICS Current Affairs - 2020

India to attend BRICS meeting on COVID-19

India is to attend BRICS foreign ministers meet by the end of April 2020. The members will discuss economic fallout due to the spread of COVID-19.

Highlights

The foreign ministers meet of the BRICS grouping is to be conducted through video link. It is essential to conduct more of such meeting as the global economic growth is declining at its highest. The International Monetary Fund has projected the global growth rate to be -3% in the year 2020-21.

India’s role

The strategy and protocols of Russia, China and South Africa is completely different from that of the USA. India can act as a bridge at this situation.

India and the world

India has been actively participating in several multilateral meetings such as South Asian, Indo-Pacific, G20 to join with other countries to fight against COVID-19. It has sent HCQ (Hydroxychloroquine) to over 55 countries. India has been sending medicines to countries such as UAE, US, Russia, Australia, South Africa and Jordan. Also, India has been sending grants for medicines for countries such as Uganda, Dominican Republic, etc.

14 MoUs signed at 5th India-Russia Industrial Conference

India and Russia signed 14 Memorandum of Understandings at the India-Russia Industrial Conference held at DefExpo 2020, Lucknow. The Agreements were signed under Make in India initiative.

Highlights

The countries signed agreements related to ASW rocket launchers, T-72, radar systems, 3D modeling, T-90.

The Defence ties of India and Russia has been strong. The countries have also established defence ties through multilateral orgnizations.

India-Russia at multilateral organizations

  • The National Security Advisor attended the BRICS Foreign Ministers meet in June 2019. He met President Putin, the Russian President on the sidelines of the meet to strengthen defence ties between the countries
  • At the SCO (Shanghai Cooperation Organization), India participated at the fifth edition of the biennial joint military counter terrorist command for the first time in August 2018.
  • Russia has been one of the long-standing supporters of India’s membership at the Nuclear Suppliers Group.
  • Russia welcomes One Belt One Road initiative of China.
  • Russia also welcomes the International North-South Transport Corridor that was held in March 2019. It is a 7,2000 km long international multi-node rail, road and ship route between Europe and Central Asia. It includes India, Russia, Afghanistan, Azerbaijan, Armenia and Europe.