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<article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:ali="http://www.niso.org/schemas/ali/1.0/" article-type="research-article" dtd-version="1.2" xml:lang="en"><front><journal-meta><journal-id journal-id-type="publisher-id">RUDN Journal of Economics</journal-id><journal-title-group><journal-title xml:lang="en">RUDN Journal of Economics</journal-title><trans-title-group xml:lang="ru"><trans-title>Вестник Российского университета дружбы народов. Серия: Экономика</trans-title></trans-title-group></journal-title-group><issn publication-format="print">2313-2329</issn><issn publication-format="electronic">2408-8986</issn><publisher><publisher-name xml:lang="en">Peoples’ Friendship University of Russia named after Patrice Lumumba (RUDN University)</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="publisher-id">50623</article-id><article-id pub-id-type="doi">10.22363/2313-2329-2026-34-1-96-122</article-id><article-id pub-id-type="edn">UARHOH</article-id><article-categories><subj-group subj-group-type="toc-heading" xml:lang="en"><subject>Developed and developing countries economy</subject></subj-group><subj-group subj-group-type="toc-heading" xml:lang="ru"><subject>Экономика развитых и развивающихся стран</subject></subj-group><subj-group subj-group-type="article-type"><subject>Research Article</subject></subj-group></article-categories><title-group><article-title xml:lang="en">The role of China and Russia in global governance and cooperation among BRICS and prospects of organization</article-title><trans-title-group xml:lang="ru"><trans-title>Роль Китая и России в глобальном управлении и сотрудничестве в рамках БРИКС и перспективы организации</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0001-7212-6831</contrib-id><contrib-id contrib-id-type="spin">9367-6504</contrib-id><name-alternatives><name xml:lang="en"><surname>Mamakhatov</surname><given-names>Tlesh M.</given-names></name><name xml:lang="ru"><surname>Мамахатов</surname><given-names>Тлеш Муратович</given-names></name></name-alternatives><bio xml:lang="en"><p>PhD candidate, Senior Research Fellow, Center for Strategic Analysis and Planning, Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences; Leading Researcher at the Center “Russia, China, the World”, the Institute of China and Contemporary Asia of the Russian Academy of Sciences; Leading Researcher, Center for Security Research of the Russian Academy of Sciences</p></bio><bio xml:lang="ru"><p>кандидат экономических наук, старший научный сотрудник Центра стратегического анализа и планирования, Институт экономики и организации промышленного производства СО РАН; ведущий научный сотрудник Центра «Россия, Китай, Мир», Институт Китая и современной Азии Российской академии наук; ведущий научный сотрудник, Центр исследования проблем безопасности РАН</p></bio><email>tmmamakhatov@gmail.com</email><xref ref-type="aff" rid="aff1"/><xref ref-type="aff" rid="aff2"/><xref ref-type="aff" rid="aff3"/></contrib><contrib contrib-type="author"><contrib-id contrib-id-type="orcid">https://orcid.org/0009-0000-6967-1900</contrib-id><contrib-id contrib-id-type="spin">5243-4091</contrib-id><name-alternatives><name xml:lang="en"><surname>Kulaeva</surname><given-names>Ekaterina K.</given-names></name><name xml:lang="ru"><surname>Кулаева</surname><given-names>Екатерина Константиновна</given-names></name></name-alternatives><bio xml:lang="en"><p>second-year Master’s student in Oriental Studies at the Faculty of World Economy and International Affairs</p></bio><bio xml:lang="ru"><p>магистрант второго курса направления «Востоковедение» факультета мировой экономики и мировой политики</p></bio><email>ekkulaeva@edu.hse.ru</email><xref ref-type="aff" rid="aff4"/></contrib></contrib-group><aff-alternatives id="aff1"><aff><institution xml:lang="en">Institute of Economics and Industrial Organization of the Siberian Branch of the Russian Academy of Sciences</institution></aff><aff><institution xml:lang="ru">Институт экономики и организации промышленного производства СО РАН</institution></aff></aff-alternatives><aff-alternatives id="aff2"><aff><institution xml:lang="en">Institute of China and Contemporary Asia of the Russian Academy of Sciences</institution></aff><aff><institution xml:lang="ru">Институт Китая и современной Азии РАН</institution></aff></aff-alternatives><aff-alternatives id="aff3"><aff><institution xml:lang="en">Center for Security Research of the Russian Academy of Sciences</institution></aff><aff><institution xml:lang="ru">Центр исследования проблем безопасности РАН</institution></aff></aff-alternatives><aff-alternatives id="aff4"><aff><institution xml:lang="en">HSE University</institution></aff><aff><institution xml:lang="ru">НИУ ВШЭ</institution></aff></aff-alternatives><pub-date date-type="pub" iso-8601-date="2026-06-15" publication-format="electronic"><day>15</day><month>06</month><year>2026</year></pub-date><volume>34</volume><issue>1</issue><issue-title xml:lang="en">NEW VECTORS OF TRADE AND INVESTMENT WITHIN BRICS+</issue-title><issue-title xml:lang="ru">НОВЫЕ ВЕКТОРЫ ТОРГОВЛИ И ИНВЕСТИЦИЙ В РАМКАХ БРИКС+</issue-title><fpage>96</fpage><lpage>122</lpage><history><date date-type="received" iso-8601-date="2026-06-15"><day>15</day><month>06</month><year>2026</year></date></history><permissions><copyright-statement xml:lang="en">Copyright ©; 2026, Mamakhatov T.M., Kulaeva E.K.</copyright-statement><copyright-statement xml:lang="ru">Copyright ©; 2026, Мамахатов Т.М., Кулаева Е.К.</copyright-statement><copyright-year>2026</copyright-year><copyright-holder xml:lang="en">Mamakhatov T.M., Kulaeva E.K.</copyright-holder><copyright-holder xml:lang="ru">Мамахатов Т.М., Кулаева Е.К.</copyright-holder><ali:free_to_read xmlns:ali="http://www.niso.org/schemas/ali/1.0/"/><license><ali:license_ref xmlns:ali="http://www.niso.org/schemas/ali/1.0/">https://creativecommons.org/licenses/by-nc/4.0</ali:license_ref></license></permissions><self-uri xlink:href="https://journals.rudn.ru/economics/article/view/50623">https://journals.rudn.ru/economics/article/view/50623</self-uri><abstract xml:lang="en"><p>The establishment of the intergovernmental association that later became known as BRICS - uniting Brazil, Russia, India, and China - took place in June 2006 during the St. Petersburg Economic Forum. Since then, the group has evolved into one of the most influential formats of cooperation among emerging economies, providing a structured yet flexible platform for political dialogue and economic coordination. Annual summits, ministerial consultations, and sectoral working groups have contributed to a gradual institutionalization of the format, even though BRICS remains distinct from traditional economic or military alliances. It lacks a common tariff policy, a free trade area, or supranational governance mechanisms, emphasizing instead the principles of equality, sovereignty, and mutual benefit among its members. This study examines the evolving role of China and Russia as central actors within BRICS and their capacity to influence global governance. The research draws upon a mixed-methods approach, combining qualitative analysis of academic literature and official policy documents with quantitative assessment based on data from the IMF, World Bank, UN Comtrade, and national statistical agencies. The findings demonstrate that China’s growing economic dominance within the bloc has generated a form of asymmetrical interdependence, while Russia continues to provide political and strategic balance. At the same time, the shared objective of reducing Western economic hegemony and promoting a multipolar order continues to unite the member states despite internal divergences. The study concludes that BRICS functions as an evolving platform for shaping an alternative model of globalization - one based not on confrontation, but on the diversification of international institutions and the search for more inclusive mechanisms of global governance.</p></abstract><trans-abstract xml:lang="ru"><p>Основание межправительственного альянса, включающего Бразилию, Россию, Индию и Китай, произошло в июне 2006 г. в рамках Петербургского экономического форума. С тех пор государства-члены поддерживают постоянный диалог через серию высокоуровневых встреч, включая министерские консультации в сферах внешней политики и финансов, а также более широкие дипломатические взаимодействия. Начиная с 2009 г. страны БРИКС ежегодно проводят саммиты на высшем уровне. Вместе с тем, объединение не может рассматриваться как классический экономический союз или военно-политический блок, поскольку отсутствуют соглашения о свободной торговле, единая тарифная политика и совместные наднациональные институты управления. БРИКС функционирует прежде всего как платформа для диалога, на которой национальные лидеры стремятся согласовывать позиции по ключевым вопросам экономической политики. Несмотря на взаимодействие, все государства сохраняют полный суверенитет. Кроме того, значительные различия в правовых системах государств-членов часто создают сложности для эффективной реализации коллективных инициатив. Исследована роль Китая и России как центральных участников блока, оценено их влияние на формирование совместной повестки БРИКС и трансформацию глобального порядка в направлении большей многополярности. Особое внимание уделено выявлению структурной асимметрии между двумя странами и оценке рисков, связанных с экономической зависимостью России от Китая. Анализ базируется на сравнительном обзоре академических исследований, официальных документов и институциональных практик, а также на авторской обработке статистических данных из General Administration of Customs PRC, Центрального банка РФ, China Statistical Yearbook, UN Comtrade, IMF и World Bank. Результаты исследования позволяют выявить основные направления экономической, финансовой и политической кооперации стран БРИКС, определить потенциал укрепления их влияния на мировой арене и сформулировать выводы о перспективах функционирования блока в условиях глобальных изменений.</p></trans-abstract><kwd-group xml:lang="en"><kwd>emerging economies</kwd><kwd>sovereignty</kwd><kwd>world order transformation</kwd><kwd>strategic partnership</kwd><kwd>economic cooperation</kwd><kwd>Global South</kwd></kwd-group><kwd-group xml:lang="ru"><kwd>страны с формирующимся рынком</kwd><kwd>суверенитет</kwd><kwd>трансформация мирового порядка</kwd><kwd>стратегическое партнерство</kwd><kwd>экономическое сотрудничество</kwd><kwd>Глобальный Юг</kwd></kwd-group><funding-group/></article-meta><fn-group/></front><body></body><back><ref-list><ref id="B1"><label>1.</label><mixed-citation>Archibald, G.C., &amp; Lipsey, R.C. (1960). Monetary and value theory: Further comment. 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