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Article`s title

Issues of Mutual Settlements between Economic Entities of the BRICS Countries

Authors

V. Gavrilenko 1, V. Shenshin 2
1 - St. Petersburg University of State Fire Service of EMERCOM of Russia; Yaroslav-the-Wise Novgorod State University
2 - St. Petersburg University of State Fire Service of EMERCOM of Russia

Volume

4 (2025)

Keywords

BRICS, international economic relations, international trade, mutual settlements system, principle of equality, principle of respect for interests.

Abstract

The article examines issues of legal regulation of international interaction, international trade and joint economic cooperation of the BRICS states, which currently represents a formed macro-region, which is distinguished by its independence from international governance mechanisms and the ability to ensure a system of its own economic and financial protection. This macro-region is distinguished by its independence from international governance mechanisms and the ability to provide its own economic and financial protection system. Essentially, BRICS is a promising platform and forum for international dialogue and expanded global cooperation based on international law, including in the economic and trade spheres. International economic and trade cooperation requires a reliable system of mutual financial settlements that fully satisfies all participants and serves their interests. The authors analyze current international settlement systems, their advantages and disadvantages. Overall, the existing systems depend on the policies of a number of economically influential states and organizations, which may violate the principle of equality among participants in international trade, depending on their nationality. Provisions are formulated regarding the need for participants in international economic activity to have a choice of methods of interaction, including methods of mutual settlements. An independent system of mutual settlements among BRICS countries provides the opportunity to choose optimal methods of economic activity and international trade, eliminating unreasonable obstacles and restrictions.

How to Cite this article

Гавриленко В. А., Шеншин В. М. Вопросы взаимных расчетов субъектов экономического оборота государств БРИКС // Право: история и современность. – 2025. – Т. 9, № 4. – С. 494 – 504. doi: 10.17277/pravo.2025.04.pp.494-504

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DOI:

https://doi.org/10.17277/pravo.2025.04.pp.494-504

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494-504

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