General Energy Policy and Ways of Development of Legal Regulation of Foreign Trade Turnover of Energy Resources of the BRICS Countries

Author(s):  
Agnessa O. Inshakova ◽  
Igor P. Marchukov
2021 ◽  
Vol 15 (3) ◽  
pp. 44-54
Author(s):  
S. N. Pogodin ◽  
T. S. Yagya

The article is devoted to trade and economic cooperation between Russia and the BRICS membercountries and trade cooperation within the BRICS Union. First, the authors study the peculiarities ofthe development of the BRICS member countries and the possibilities of their trade cooperation withinthe framework of this association. Trade and economic cooperation within the BRICS group is beingconsidered: structure of export and import supplies, dynamics of foreign trade turnover and features ofmutual trade. Authors consider the complementarity of the national economies of the BRICS countries,about the competitive directions of each of its countries in the provision of certain services. The focusis on the study of trade and economic cooperation between Russia and the BRICS member countriesin recent years. The article analyzes the export, import, and foreign trade turnover of Russia with each country of this organization. At the same time, all the calculations in the article are made independently based on statistical data. The authors identify the specifics of Russia’s trade cooperation within the BRICS grouping, draws relevant conclusions, and discusses the investment direction as a component of the growth of trade cooperation, the increase in foreign trade turnover, and GDP growth. 


Author(s):  
M.N NADZHAFOVA ◽  

The development of Russia's foreign trade is facing a number of difficulties caused primarily by the instability of the external environment of the world market and its politicization, which negatively affects all participants in relations. Political tensions in 2014 and subsequent counter-restrictive measures had a negative impact on the development of export-import relations in the regions of the country, the Kursk region was no exception. The region has a significant foreign trade potential in accordance with its industrial and agricultural specialization, in connection with which the study of the features of the current development of foreign trade activity is an urgent area of analysis. In the course of the study, the features of the development of foreign trade activities of the Kursk region in 2014-2019 are considered, the prevailing trends and their causes are identified. It has been established that over the past 6 years, the foreign trade turnover of the Kursk region has varied in waves: the period of decline is due to a change in the political situation in 2014, which led to a significant decline in foreign trade activity in the period 2015-2016. However, by 2017, the pace began to recover, and in 2019 it exceeded the pre-crisis level. Since 2016, the region has a stable positive trade balance, which indicates a more active development of exports than imports and emphasizes the export orientation, as well as the implementation of the import substitution strategy. An assessment in the context of the main foreign trade directions showed that over the past 6 years there has been a structural shift: if earlier the main importing countries were the CIS countries, and the exporters were non-CIS countries, today the overwhelming share of foreign trade operations falls on the far abroad.


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