BRICS

All BRICS Nations Are Piloting Digital Currencies But USD Likely To Remain Dominant  

BRICS, Economy, Finance

An Atlantic Council study published on Thursday showed that 134 countries, or 98% of the global Gross Domestic Product (GDP), are currently exploring the launch of a central bank digital currency (CBDC). This number has surged from just 35 since May 2020. The development is significant as it seems to predict an almost universal move […]

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Prospects For BRICS Under Russia’s 2024 Chairmanship

BRICS, Economy, Trade

The influential World Geostrategic Insights (WGI) forum has provided an interview with US-Russia expert Paul Goncharoff concerning Russia taking the Chairmanship for the BRICS group for 2024. The WGI also namechecked our own new Russia’s Pivot To Asia guide, which contains extensive chapters and details of the prospects for BRICS 2024. It can be downloaded

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Russia Sends First Grain Freight Train From Urals To India Via INSTC

BRICS, Logistics & Transport, Trade

The first export train of 30 wagons loaded with oats departed for India from Formachevo station in Chelyabinsk, in the Urals region of Russia, Acting Head of Chelyabinsk Customs Andrey Gursky, has said.  The train departed on March 18. The 830-tonne cargo was packed using the infrastructure of the Yuzhnouralsky transport and logistics complex. Since

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China’s Industrial Activity Up 7% In January & February 2024

BRICS, China, Economy

Despite general Western negativity concerning China, its industrial activity picked up at the start of the year, according to data from the National Bureau of Statistics. The news is relevant to Russia’s Pivot to Asia as it suggests that inexpensive Russia energy is helping create a boost to China’s manufacturing sector output.   China’s industrial production

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Eastern Maritime Corridor Emerges As Russia-India-South Asia Red Sea Alternative

BRICS, Logistics & Transport, Trade

The Red Sea crisis has shifted attention for Russia, India, and South Asia to the potential of the Eastern Maritime Corridor (EMC) – a proposed trade route for shipping coking coal, crude oil, LNG, fertilizers, and goods containers. This new trade route could revolutionize Russian-Asian trade. India’s oil imports reached unprecedented levels in January 2024,

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Russia To Develop Cinematic Film Production With Asian Partners    

BRICS, Foreign Investment, Trade

Russia’s Minister of Culture, Olga Lyubimova has stated (March 13) that numerous Asian countries are interested in developing cinematography together with Russia and conducting joint film production, and that this will be fully supported by the government. Lyubimova said in an interview with the Rossiya-24 that “We have joint production, and have formalized the possibility

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China’s 2M 2024 Foreign Trade Grows Faster Than Expected On Bilateral Trade With Russia

BRICS, China, Trade

The Financial Times has reported that China’s foreign trade grew faster than expected in the first two months of 2024, driven partly by electronics and increased exports to emerging markets and Russia, with Beijing’s foreign minister touting “a new paradigm” in relations with Moscow. China’s total exports rose by 7.1% in January and February compared

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Moscow Exchange Reports Record Transactional Activity by Private Investors in February

BRICS, Finance, Trade

Private investor activity on the Moscow Exchange (MOEX), Russia’s largest stock market, reached an all-time high in February 2024, according to the exchange. A total of 4.1 million individuals conducted transactions on the exchange last month. During this period, they invested 74.2 billion rubles (US$820 million), an 11% increase year-on-year. The vast majority of investments

Moscow Exchange Reports Record Transactional Activity by Private Investors in February Read More »

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