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 Russian President, Vladimir Putin, is scheduled to meet with Chinese President Xi Jinping on Monday, 31st August, in Bishkek. While both are attending the Shanghai Cooperation Organisation annual Heads of State summit, also on the agenda are talks about the Power of Siberia 2 and other bilateral issues. The two will also meet again at the annual BRICS summit next month in New Delhi.
The Indian Foreign Minister, Subrahmanyam Jaishankar, has been in Moscow to meet with Russian President Putin and other senior officials. This comes ahead of important upcoming Heads of State summits with the Shanghai Cooperation Organisation and the BRICS at which both the Russian and Indian senior leaders will be present. We examine the Moscow meetings, discuss bilateral trade and look at where this dynamic relationship can be expected to develop.
Argentina – Russia trade and relations have been somewhat erratic in recent years but have been showing signs of growth. We examine the trade background, current situation and the BRICS issue and look at obstacles, opportunities and what may lie ahead.
Russia and Malaysia are to collaborate on developing joint special economic zones in the Russian Far East. These are likely to include the agriculture, light manufacturing and energy sectors and lead to further future joint ventures between Russian and Malaysian manufacturers.
Russia presented the concept and structure of the proposed BRICS Grain Exchange and how it will work at the 16th meeting of the BRICS Economic and Foreign Trade ministers in Jaipur last week, according to the Russian Economic Development Ministry. Russia proposed to create the BRICS Grain Exchange as a unified digital trading platform where […]
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The BRICS nations are discussing linking their payment systems and central bank digital currencies (CBDCs) as they explore ways to reduce the costs and increase the speed of cross-border payments, according to Reserve Bank of India (RBI) Governor Sanjay Malhotra. He said that “Cross-border payments is an area of interest for all of us, including […]
Russia and Brazil are looking at expanding their maritime logistics capabilities as trade increases. Brazil especially is interested in closing the 90-10% trade gap between the two countries and wants to develop its exports sector to the Russian market.
Russia’s Foreign Minister, Sergey Lavrov, has met with Mauro Vieira, the Brazilian Minister of Foreign Affairs. With bilateral trade currently growing at more than 6% per annum, we examine the main trade aspects in energy, rare earths, agriculture, and the overall bilateral dynamics.
The Russian Foreign Minister, Sergey Lavrov has met with Bakhtiyor Saidov, the Uzbekistan Minister of Foreign Affairs. Bilateral trade is growing at 20% per annum, but much needs to be done to improve their infrastructure and logistics capabilities. We examine the key issues and discuss the critical areas of their trade and investment development.
The Russian Foreign Minister, Sergey Lavrov, has held three days of meetings in Manila with all the ASEAN countries, in addition to meetings with India, Bangladesh, Pakistan, Sri Lanka, Egypt, Brazil and the United States. These took place under the Russia-ASEAN Summit, the ASEAN Regional Forum and the East Asia Summit. We provide detailed analysis of each of these discussions as well as examine the geopolitical and trade dynamics.
The first shipment of oil from Russia’s Far Eastern Kosmino Port has arrived in Indonesia. The country is prioritizing its internal energy security above sourcing and sanctions issues.
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