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 Iraq Ambassador to Russia, Dr. Abdul-Karim Hashim Mostafa has said it would be a ‘good idea’ for Iraq to join the BRICS, depending on the terms. Such a move would almost certainly face US opposition.
Russia needs to better secure its arbitration reach by both developing Bilateral Investment Treaties with Global South nations, and / or establishing a BRICS arbitration centre. We can expect a flurry of BIT agreements being signed in the coming months.
Russia’s Roscosmos with working with the Indian Space Research Organization on multiple space projects, including the BRICS Space Council as well as assistance with India’s planned Bharatiya Antariksh Space Station, planned for deployment in 2028.
Is multiculturalism dead – or just moving away from the West to the Global South? The joint Russia-India film ‘Persimmon of my Love’ has been playing to rave reviews on a national release in Russia, while co-BRICS film productions are also underway between Russia and Brazil, China, Egypt, Iran and Indonesia amongst others.
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.
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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.
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.
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