Medvedev affirms BRICS potential

BRICS will be one of the most promising international unions of the post-crisis period, but Russia is ready to cooperate in other formats as well, Prime Minister Dmitry Medvedev said at the Gaidar Forum on Wednesday.

"Pros of the BRICS alliance are obvious to me but we are also open to every other process," he said.

"We do not know what post-crisis configurations may take shape in the end," the prime minister admitted.

"Debates go on with regard to future positions of concrete countries and regions and correlation of forces, various terms are being used… The notion of a common economic and humanitarian space from the Atlantic to the Pacific Ocean is more preferable to me," Medvedev said.

It is a task of Russia "to receive dividends for national development" from current economic processes, he stressed.

"There is a saying: when you feel the wind coming, instead of building a shelter, build a windmill. That was said by Mao Zedong," Medvedev observed.

He also recalled the opinion of late economist and politician Yegor Gaidar that the state economic policy could not be standard but required innovative solutions.

"The Russian position on the brink of the next global crisis will depend to a large extent on the degree of its progress. That is a very precise formula," the prime minister said.

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