"The issue is being discussed among members of the House of Representatives. The [final] decision will be made at a plenary session on April 2," said Valery Ivanov, deputy speaker of the lower house of parliament.
Russia recognized South Ossetia and Abkhazia as independent states on August 26 last year, two weeks after the end of a five-day military conflict which began when Georgian forces launched an attack on South Ossetia in order to bring the rebel province under central control.
Only Nicaragua has so far followed suit.
Belarusian President Alexander Lukashenko earlier said that if parliament recognized the rebel republics' independence, he would "sign the appropriate document."
Abkhazia and South Ossetia split from Georgia in the early 1990s, and most residents of both republics have had Russian citizenship for a number of years.
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One of the main achievements of the 6th BRICS Summit was the signing of an official document on establishing a New Development Bank with a declared capital of $100 billion. The creation of the bank is an important step towards institutionalizing BRICS and strengthening its positions in the world in the long run.