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.
The BRICS countries are continuing their plans to establish a grain exchange, to divert agricultural trade away from Western platforms. The BRICS both produce and consume about 44% of the world’s total markets for corn, wheat and rice, with members Brazil, China, India, Indonesia and Russia amongst the world’s largest producers and consumers.
The Russian Prime Minister Mikhail Mishustin has met with Uzbekistan President Shavkat Mirziyoyev and Prime Minister Abdulla Aripov at the Tashkent International Investment Forum. We discuss what was said and the latest in bilateral trade and investment trends.
The annual meeting of BRICS Agricultural Ministers has been taking place in India with several important initiatives being planned. Russia’s agricultural trade with BRICS countries rose 5% last year.
The Bangladesh and Russian Foreign Ministers have been meeting in Moscow. We provide an extensive analysis of what was discussed, including full trade details and likely bilateral developments.
Russia’s grain exports to Egypt have increased by 15% this year to date, while the two countries are also discussing the creation of a grain exchange and developing a food security export hub for countries in Africa and the Middle East.
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The Russia’s Pivot To Asia detailed report on the full results of the Putin-Xi, China-Russia meetings in Beijing, complete with a thorough examination of the contents of the joint statement, signed agreements and complete analysis of China Russia developments as they happened.
The BRICS Foreign Ministers have been meeting in New Delhi in arguably a more important event than Trump’s visit to China. We explore how Russia and India are remapping the Global South and are creating new energy supply chains, security alliances and trade corridors in mechanisms that will reshape international trade.
Russian and Malaysian officials have met at the Islamic World Forum being held in Kazan. Russia’s agricultural exports are up 37% in January-April 2026 as the two sides discuss additional trade development.
A specialist Russian company, the world’s largest Titanium producer, is to supply titanium pipes for Egypt’s El Dabaa Nuclear Power Plant, which is currently being built by Rosatom. The plant will be cooled using seawater – Titanium is non-corrosive under such conditions.
President Vladimir Putin has met with the Supreme Ruler of Malaysia, Sultan Ibrahim, who has been visiting Moscow. Malaysia is a BRICS partner state and has a US$4 billion+ trade turnover with Russia, with volumes also showing sustainable growth. Ibrahim invited Putin to a formal State visit to Malaysia during 2027.
Belarus, which was accepted as a BRICS Partner nation in 2024, is making plans to join the BRICS New Development Bank. Doing so will open up alternative opportunities to raise capital for infrastructure and related developments as an alternative to capital markets in ‘unfriendly’ nations and to be able to do so without using the US dollar or Euro.
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