Diplomacyindia.com

Russia pushes for setting up BRICS parliamentary forum

February 28
17:08 2015
Sergey Naryshkin, speaker of the Russian parliament with Lok Sabha Speaker Sumitra Mahajan

Sergey Naryshkin, Speaker of the Russian parliament with Lok Sabha Speaker Sumitra Mahajan

New Delhi, Feb 27 Pushed increasingly into a corner by western sanctions over Ukraine, Russia Friday stressed on the relevance of the Russia-India-China troika in “ensuring international and regional stability and security” and setting up a BRICS inter-parliamentary forum.

Sergey Naryshkin, speaker of the Russian parliament, said the Russia-India-China (RIC) grouping “reinstates once again the impossibility of creating a unipolar world”, referring to the US which has been leading the sanctions against Russia over the unrest in eastern Ukraine.

“The Russia-India-China troika is becoming each year more weighty factor internationally in ensuring international and regional stability and security,” he said at the Russian Cultural Centre here.

“I want to state that strengthening relations in the RIC is to strengthen security in the world.”

Naryshkin also said that they are working on the possibility of “creating a parliamentary dimension of BRICS” – the grouping of Brazil, Russia, India, China and South Africa.

The BRICS summit is to be held in Ufa city in Russia in July 2015.

“Within our chairmanship of BRICS we are planning to have a parliamentary forum in Moscow in April,” he said, adding that it would be a meeting of the heads of parliament of BRICS countries.

“We are working on the agenda of the BRICS meetings and the parliamentary dimension,” Naryshkin added.

He said during the Russia-India inter-parliamentary forum meeting here on Thursday, he had suggested holding a parliamentary format in the RIC format too.

The RIC countries held the 13th Foreign Ministers Meeting in Beijing earlier this month.

Earlier, during a talk at the Observer Research Foundation, Naryshkin said Russia would be chair of the BRICS this year and the Russian Duma had ratified the setting up of the BRICS Development Bank and the Contingent Reserve Arrangement (CRA), which were agreed upon during the last BRICS summit in Brazil in July last year.

The BRICS summit had agreed to set up a New Development Bank (NDB) with an initial capital of $50 billion, contributed equally by all the five countries. This would eventually go up to $100 billion over time.

They also agreed to set up a Contingent Reserve Arrangement (CRA) or a reserve pool of currencies of $100 billion to serve as a cushion against temporary balance of payment difficulties.

The two institutions are designed to serve as alternatives to the West-dominated World Bank and International Monetary Fund (IMF).

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

<

On the Eve of 30th Years of Independence of Republic of Uzbekistan, H.E. Dilshod Akhatov, Ambassador of Uzbekistan to India in conversation with Ameya Sathaye, Editor-in-Chief.

Denmark Ambassador to India Freddy Svane in conversation with Amb Pradeep Kapur & Ameya Sathaye, Editor-in-Chief

Italy india will work closely together for G20 : Italy Envoy to India

Do you know why FINLAND is ranked number ONE in Happiness index, watch this interview with Finland Ambassador to India

Exclusive Interview : H.E. Jasem Ibrahem Al Najem Ambassador of Kuwait to India speaks on India Kuwait bilateral relations

ड्रैगन ने हाथी को क्यों डसा, भारत- चीन रिश्तों की कहानी- रंजीत कुमार के साथ अमेय साठे की विषेष चर्चा ड्रैगन ने हाथी को क्यों डसा, भारत- चीन रिश्तों की कहानी- रंजीत कुमार के साथ अमेय साठे की विषेष चर्चा 0 comment Read Full Article

H.E. Reuben Gauci, Ambassador of Malta to India speaks on India-Malta Bilateral Relations

Portugal supports India in covid crisis : Portugal Ambassador Carlos Pereira Marques speaks with Ameya Sathaye, Editor-in-Chief

Vietnam Ambassador to India, Pham Sanh Chau speaks on Vietnam support to India in tackling covid crisis

Netherlands supports India in covid crisis : Netherlands Ambassador Marten van den Berg speaks with Ameya Sathaye

Envoy Speaks : Gopal Baglay, Indian High Commissioner to Sri Lanka speaks on Bilateral relations, business opportunities, Tourism & people to people to people contacts

Kuwait reciprocates, we stand with India in this hour of crisis : Kuwait Ambassador to India

Canadian High Commissioner, Nadir Patel speaking on support to India in covid crisis

Italian Ambassador to India, Vincenzo de Luca speaking on Italy support to India in covid crisis

H.E. Mr. Reuben Gauci, Malta High Commissioner to India speaks with Ameya Sathaye, Editor-in-Chief of Malta support to India in covid crisis

Danish Ambassador to India Freddy Svane speaking on Denmark aid to India

Video Interview with Vinod Daniel, CEO, India Vision Institute, Board Member, International Council of Museums & Chairman, Ausheritage

DENMARK AMBASSADOR FREDDY SAVNE VISIT TO CORONOVIRUS VACCINE FACILITY AT HYDERABAD, A TRIP ORGANISED BY MINISTRY OF EXTERNAL AFFAIRS, GOVT OF INDIA FOR FOREIGN ENVOYS BASED IN INDIA.

MALTA HIGH COMMISSIONER TO INDIA, H.E. REUBEN GAUCI SHARING HIS IMPRESSION ABOUT HIS VISIT TO HYDERABAD : TRIP ORGANISED BY MINISTRY OF EXTERNAL AFFAIRS, GOVERNMENT OF INDIA FOR ENVOYS BASED IN INDIA TO UPDATE ON CORONAVIRUS VACCINE

H.E. Mr. Dinesh Bhatia, Ambassador of India to Argentina in conversation with Ameya Sathaye, Editor-in-Chief

Pictures of Formal Launch of Website Diplomacyindia.com

Exclusive Interview with Prime Minister of Guyana, H.E. Mr. Moses Veerasammy Nagamootoo during his recent visit to India.Highlights of the interview were Indian Cultural Connect, Vibrant Bilateral Ties and Cultural Connect and India’s Economic Prowess.

Video Message from Shri Prakash Javadekar, MoS (IC) for Forest, Environment & Climate Change on eve of Formal Launch of Website Diplomacyindia.com

Message from Gen. V K Singh, (Retd.) Hon’ble MoS, External Affairs to Diplomacyindia.com

WP2Social Auto Publish Powered By : XYZScripts.com