The best way to counter the western sanctions is to develop the financial sector and domestic technologies

30 august 2017

"We've seen tremendous psychological progress in the relations between BRICS intellectuals," Leonid Grigoryev, Chief Adviser to the Head of the Analytical Center, said during the Moscow-Beijing satellite TV link-up titled the Summit in Xiamen: the Relevant BRICS agenda that was held at the press center of the Rossiya Segodnya news agency.

During the event the experts talked about the development priorities for BRICS and the potential advantages of the BRICS+ project proposed by the head of the Chinese foreign office early in 2017. The specialists also talked about how BRICS can help reform international relations and the existing global management architecture.

Mr. Grigoryev noted that relations with China at the level of university professors had always been smooth, however, it was only recently that links began to be established with the other BRICS nations. "The BRICS nations are 5 major centers that are home to practically all the global culture except the traditional European core," the expert believes. Russia, Brazil, India, China, South Africa all have their own traditions and customs that need to be taken into account when getting to know them. An important role in bringing these nations together was played by student exchanges, Mr. Grigoryev noted. "These programs opened up lots and lots of opportunities for universities to get large numbers of students that have learned about the culture of other countries," the specialist said.

Mr. Grigoryev also believes that the BRICS nations should be able to counter any and all sanctions that might be imposed on them. "Countries that don't take part in the sanctions should develop appropriate additional technologies," the expert said. In his opinion, countering technological and financial sanctions is best accomplished by developing domestic financial sectors and technologies.

For a video recording of the event go to the website of the press center of Rossiya Segodnya.