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 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 […]
On May 10th the President of the Republic of Zimbabwe Emmerson Dambudzo Mnangagwa met with President Vladimir Putin and key Russian ministers and businessmen. The meeting was primarily held as a reaffirmation and commitment to mutual vision and interests. Zimbabwe is a reliable partner of Russia in Africa, and 2026 will mark 45 years of […]
BRICS member Russia is hoping to be able to use local currencies when trading with Indonesia one day, although Moscow has not set a target for when the use of the rupiah and the rouble in bilateral commerce could take place. Russia has sent several of its top officials to Indonesia in an effort to […]
The Russian President, Vladimir Putin, has met with the Brazilian President, Luiz Inacio Lula da Silva, in Moscow as part of the Victory Day celebrations. Bilateral discussions were also held at the Kremlin. Both countries are founding members of the BRICS group, with Brazil holding the Chairmanship during 2025. This is what they had to […]
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Russian President Vladimir Putin has met with President Abdel Fattah el-Sisi of Egypt at the Kremlin on Friday, and described the country as one of Moscow’s “key partners in Africa.” An Egyptian delegation traveled to Moscow to take part in the Victory Day parade on Red Square, and also held bilateral meetings. Putin described the […]
Russia and China have signed nearly three dozen agreements following negotiations between presidents Vladimir Putin and Xi Jinping in Moscow. The two leaders talked for more than seven hours, with agreed documents ranging from joint statements on strengthening their comprehensive partnership and strategic cooperation between the two nations, to declarations in support of the global […]
Russia and Cuba commemorate their 65th anniversary of diplomatic ties on May 8th, in what has been a fascinating diplomatic relationship over the decades. To mark the occasion, the Russian Foreign Minister, Sergey Lavrov, wrote a specific article for the event. This is what he had to say: “On May 8, the Russian Federation and […]
The Russian Foreign Minister Sergey Lavrov, met with Bolivian Foreign Minister Celinda Sosa Lunda on the sidelines of the BRICS Foreign Ministers Council meeting in Rio de Janeiro on April 29. Bolivia has recently joined the BRICS as a Partner nation. The Bolivian government has been facing pressure over its awarding of strategic lithium mining […]
The Russian President, Vladimir Putin met with the United Arab Emirates Deputy Prime Minister and Minister of Interior of Sheikh Saif bin Zayed Al Nahyan in the Kremlin on April 30th, with Russia’s Minister of Internal Affairs Vladimir Kolokoltsev also attending the meeting. The UAE has been hosting Russia-Ukraine prisoner negotiations and assisting with moves […]
Russia’s Roscosmos space agency head, Dmitry Bakanov has said that Russian technologies can be applied in building India’s national space station, and negotiations on this matter are underway. Bakanov said that “We are in talks, including with Indian partners, to help them with their space station using our technologies.” The Indian Space Research Organisation has […]
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