BRICS

Azerbaijan States Intention To Join BRICS

BRICS, Commonwealth of Independent States, Shanghai Cooperation Organisation, Trade

The Pro-Russia BRICS bloc has soft power control over the Caspian and Red Sea supply chains  Azerbaijan, which has been attending the annual Heads of State meetings of the Shanghai Cooperation Organisation (SCO) in Astana has expressed interest in joining the BRICS grouping.  The BRICS includes Brazil, Russia, India, China and South Africa, while Egypt,

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Russia, Turkiye Plan To Increase Bilateral Trade To US$100 Billion

BRICS, Shanghai Cooperation Organisation, Trade

The Russian President Vladimir Putin has met with Turkish President Recep Erdogan in Astana on the sidelines of the Shanghai Cooperation Organisation annual Heads of State meetings, with both sides also engaging in trade development talks. Current bilateral trade is running at about US$55 billion, with Alexei Yerkov, the Russian Ambassador to Turkiye, also present

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Congo Keen To Join BRICS

Africa, BRICS, Trade

Denis Sassou Nguesso, the President of the Congo, has met with Russian President Vladimir Putin in Moscow, where Nguesso expressed his country’s interest in becoming a member of BRICS. Nguesso stressed that the African country is interested in developing ties with the bloc, and said “I’ve heard about the BRICS+ format. So, if all these

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Interview With The Russian Union of Industrialists and Entrepreneurs on Cooperation Between Russian Businesses in China and India

BRICS, China, India, Trade

Russia’s Kommersant newspaper has interviewed Vitaly Mankevich, the Chairman of the Russian-Asian Union of Industrialists and Entrepreneurs (RASPP) nd discussed the relationships between Russian businesses in China and India. We feature the interview below:  What is the current situation with receiving payment from Russian legal entities in Chinese banks? “Briefly describing the situation is quite

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Malaysia To Apply To Join BRICS

BRICS, Trade

October 25 Update: Malaysia has now been granted ‘BRICS Partner’ status. See more here. Malaysia has decided to apply for BRICS membership and will start filing the official paperwork soon, Malaysian Prime Minister Anwar Ibrahim has said. Existing BRICS member South Africa has agreed to accept a request. Anwar said “We have made our policy

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Russia Outlines “BRICS Bridge” Digital Settlement Plans

BRICS, Economy, Trade

Russia has proposed to BRICS countries and partnership members a mechanism for cross-border payments based on the BRICS Bridge settlement platform, according to Anton Siluanov, Russia’s Finance Minister. He explained that the mechanism would see BRICS members central banks issue digital financial assets (DFAs), which would in turn peg their value to the national currencies

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