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Scientific-Industrial and Economic Cooperation Between Russia and BRICS States: Proposal of Effective Forms and Mechanism

ABSTRACT This article is devoted to the issues of cooperation between Russia and the BRICS countries. Various factors (such as labour migration, the impact of transnational corporations, the problems of global economic instability and globalization, as well as financial risks), determine the current position and prospects of Russian companies in the BRIC markets. Particular attention is paid to assessing the military-technical cooperation of the BRICS, in the context of the current macroeconomic development. The final part of the article discusses the key promising areas of economic development with potential for cooperation between Russia and BRICS.