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 Foreign Minister, Sergey Lavrov has met with Celso Luiz Nunes Amorim, the Special Advisor to the President of Brazil for Foreign Policy, in Moscow. Lavrov and Amorim exchanged views on the current international situation and global problems. They also emphasised the mutual intention to further deepen coordination of Moscow’s and Brasilia’s efforts in […]
Russia’s Aqua Holding LLC (producer of mineral waters Essentuki No. 4, Essentuki No. 17 and Narzan) is to start producing water for consumers in India by the end of this year, according to the company CEO, Svyatoslav Vilk. Vilk stated that “We recently completed all our certification work in India, so we will launch a […]
Russia’s Rosatom state nuclear power corporation has proposed projects to Brazil involving both small nuclear power plants (SNPP) and high-capacity power units, according to Rosatom Latin America Director Ivan Dybov. He commented at the Nuclear Trade & Technology Exchange conference in Brazil. Dybov said that “Emphasizing the importance of nuclear projects for addressing climate challenges […]
The current expansion of the BRICS New Development Bank (NDB) is taking place in accordance with the implementation of the NDB strategy for 2022-2026, according to the bank’s head, Dilma Rousseff. In addition to the founding members – Brazil, Russia, India, China and South Africa – several new members have joined, including Bangladesh and the […]
Colombia intends to join the BRICS New Development Bank (NDB) in 2025, according to Hector Arenas Neira, Colombia’s Ambassador to Russia. Neira said that the decision on this issue was made after talks with NDB head Dilma Rousseff, saying that “the decision has been made. Our president met with the president of the BRICS bank, […]
Subscribe to receive exclusive insights and analysis on BRICS.
Algeria has officially become a member of the New Development Bank (NDB), a financial institution created by the BRICS group of countries. The bank’s press office announced this on Thursday, May 22. “Algeria plays an important role not only in the North African economy, but also at the global level and will certainly contribute to […]
The Russian Foreign Minister, Sergey Lavrov, has given an interesting speech and held a Q&A session with the Diplomatic Club in Moscow, which includes attendees from the Russian Foreign Ministry academy, Russian Regional Governors, and Foreign Ambassadors. The event was the first to be held since the covid pandemic. In a wide ranging presentation, Lavrov […]
The XVI International Economic Forum “Russia – the Islamic World: KazanForum” is taking place from May 13 to May 18 in Kazan. The main theme of the forum in 2025 is “Digitalization: a new reality and additional opportunities for expanding cooperation.” Several thousand people taking part representing over 100 countries. To put it in a […]
Russia boosted exports of agricultural products to the United Arab Emirates 26% year-on-year to over 290,000 tons in the first quarter of 2025, the Agriculture Ministry’s Agroexport center said, citing preliminary expert estimates. Russia increased shipments of dairy products the most at 7.7-fold to 54 tons from 7 tons, with ice cream exports accounting for […]
The 15th meeting of the Intergovernmental Russian-Egyptian Commission on Trade, Economic, Scientific and Technical Cooperation was held in Moscow on 14 May. It was held by Anton Alikhanov, Head of the Ministry of Industry and Trade of the Russian Federation, and Hassan Al-Khatib, Minister of Investment and Foreign Trade of the Arab Republic of Egypt. […]
Malaysian Prime Minister Anwar Ibrahim arrived in Russia Tuesday May 13th on a four-day visit at the invitation of Russian President Vladimir Putin. He stayed in Moscow from Tuesday to Thursday, and will travel to attend the Russia – Islamic World: KazanForum international economic forum in Kazan on Thursday and Friday. While in Moscow, Ibrahim […]
Русский
