The Current Situation and Prospects of Co-operation in the Sphere of Innovations between Russia and the BRICS Countries

The five world's major emerging national economies of Brazil, Russia, India, China and South Africa joined in the BRICS association have become a significant political and economic force in world affairs. The main purpose of establishing this association is enhancing mutual socio-economic development, including innovative co-operation. Over the last decade several meetings have been held where the importance of collaboration in science, technology and innovation spheres has been discussed by officials. Recently this intra-BRICS innovative co-operation has acquired a heightened profile due to the creation of a new economic environment and the economic sanctions imposed on Russia by Western countries. This can be confirmed by the Cape Town and Moscow Declaration of BRICS Countries in 2014 and 2015 respectively. This research looks at the problem of intra-BRICS innovative co-operation, putting the main accent on Russia's interaction with the other four BRICS members.