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 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 […]
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.
Subscribe to receive exclusive insights and analysis on BRICS.
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.
The BRICS 2026 Summit in New Delhi has concluded, resulting in a unanimous, 100 point ‘Delhi Declaration’, and over 50 planned initiatives. With BRICS now responsible for nearly 40% of global GDP and 25% of global exports, what these documents contain matters. We deep dive the results and provide analysis of what BRICS 2026 achieved, the development path ahead and the implications for global trade.
Russia President Putin has met with Ethiopian Prime Minister Abiy Ahmed in New Delhi. Discussions involved significant progress in the nuclear energy, agriculture, manufacturing, digital trade and defence sectors as the two countries trade ties deepen and improve. Bilateral trade has tripled in three years with Ethiopia poised to become a gateway to Eastern Africa for Russian investors. We discuss the reasons why.
Russia’s Sovereign Wealth Fund, JSC BRICS Pay; and the Indian government are to collaborate on developing the BRICS Pay platform initially to service Russia-India trade but also to later roll-out an international financial settlement mechanism that all BRICS countries can use, possibly by 2030. It will liberalise global payments capabilities away from the control currently wielded by the United States and Europe, with all the implications this brings.
The 2026 BRICS Heads of State Summit begins on Saturday, September 12, with India hosting in New Delhi. The summit brings together an enlarged 11-member BRICS at a time of geopolitical conflict, energy disruption, trade tensions and renewed concern about the resilience of global supply chains. Representing about 49% of the world’s population, 40% of global GDP and nearly 26% of world trade, we deep dive the event, examine what to look out for, opportunities to develop, problems to overcome, and the longer term implications for world trade.
Русский
