Intra-BRICS trade is booming, driven by the expanded BRICS+ bloc (now including energy-rich nations like Iran, UAE, Saudi Arabia) and a strong push for de-dollarization, boosting local currency settlements and new payment systems like CIPS. Key themes include diversifying supply chains, enhancing South-South cooperation, developing local payment systems (NDB, CIPS), and fostering tech/industrial integration to reduce reliance on Western markets, with total intra-bloc trade already exceeding US$1 trillion and growing significantly. Navigate the BRICS business framework. Find news on economic cooperation, the New Development Bank, and joint investment projects. Essential for businesses leveraging the powerful BRICS economic bloc.
Russia-India bilateral trade volumes hit US$38 billion in the first six months of this year and are on track to reach the US$100 billion goal set for 2030, according to Indian Ambassador Vinay Kumar. He was speaking at the Russia-India TIME Business Forum in Kazan on Thursday. These are record amounts in bilateral trade.
Russia’s exports of herring to Egypt have undergone a massive surge, from 100 tonnes in H1 2025 to 5,600 tonnes in H1 2026. The fish is a standard ingredient in many Egyptian dishes such as Renga bel Tahini. The overall African demand for herring is expected to triple by 2030.
Russia’s agricultural exports to South Africa have reached US$53 million in 9M 226, with wheat making up the bulk of the trade, along with instant coffee and millet. Total bilateral trade could exceed US$1 billion for the first time by the end of this year.
Russian exports of fish – especially dried fish – are up 1,400% in 9M 2026, as the snack is used as an accompaniment to drinking beer and is proving popular with Brazilian football supporters watching local and international games in bars. Russian exporters are competing with Norway for this market.
The recent history of the bilateral relationship between Russia and Brazil has key aspects that deserve to be highlighted. On one hand, two very powerful markets that stand as global hubs of international trade; on the other, from the platform of the BRICS bloc, a complementarity that enables significant expansion of the frontiers of trade […]
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Saudi Arabia has increased the number of approved Russian milk producers to 26 following increasing demand for quality dairy products. The Saudi dairy market is growing as consumers look for healthy lifestyles and has an expected CAGR annual growth rate of 4% between 2026 and 2034. Russia is the world’s fourth largest producer of dairy products.
Russia’s exports of sunflower oil to India are up 34.7% in value in the first seven months of this year. Russia is India’s biggest supplier of sunflower oil, which is used extensively in Indian cuisine.
Russia’s E-Scooter Service ‘Whoosh’ has begun operations in two more cities in Brazil – Curitiba and Campos do Jordao. This brings the number of cities supplied by Whoosh in Brazil to seven. Whoosh has over 15,000 e-scooters in the country and is expanding elsewhere in Latin America.
The WorldFood and Russian Sea Food Expos have been taking place in Moscow and St. Petersburg with significant trade delegations attending from China, India, ASEAN, Brazil, Egypt and the Middle East as well as most of the Global South nations. We discuss in considerable detail how Russia’s agricultural trade is interacting with these international markets in both exports and imports, within an industrial sector whose output is measured in the trillions of dollars.
Africa’s development potential loomed large over both the recent BRICS and SCO summits, with MoU being signed to better integrate economic development, trade and investment. We examine the increasing links between Africa and Eurasia in a detailed and wide-ranging analysis. This report will be of interest to anyone involved in African development.
The (BRICS) New Development Bank has been given a new strategic focus with its New Investment Platform giving it a far more significant role in trade development and investment. This has flown somewhat under the radar and been little commented on – however the implications are substantial. It will significantly improve BRICS trade and investment as well as change global trade flows. We explain the NDB’s New Investment Platform, what it includes, how it works and the impact on project financing and future trade.
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