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.
This unique and brand new 2025 Guide includes Russia’s trade, investment and development status with Benin, Burkina Faso, Cape Verde, The Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. West Africa is a diverse region, with a considerable European colonial past and some regional conflicts, especially in the […]
China, Russia and Iran have agreed to boost coordination within the BRICS and the Shanghai Cooperation Organization (SCO), the three countries’ diplomats said in a statement following a meeting in Beijing to discuss Iran’s nuclear issues. China’s Deputy Foreign Minister Ma Zhaoxu stated that “The parties agreed to support and strengthen coordination on multilateral platforms […]
Russia’s FESCO transport company is launching intermodal container transport to landlocked Laos in southeast Asia, via the Vietnamese port of Da Nang as part of its efforts to expand logistics operations into the region. The transit time for deliveries between Russia and Laos via Vladivostok and Da Nang is about 35 days. Loading and dispatch […]
Russia and Indonesia grew their trade turnover of agricultural products to nearly US$1.5 billion in 2024, up 41.4% compared to the previous year, according to Russia’s Agroexport centre. This included approximately 1.4 million tonnes of agricultural goods. The main commodity items in the value structure of Indonesian imports from Russia in 2024 were wheat (92.3%), […]
Southern Africa is a diverse region, with considerable European colonial influences, and access to both the Atlantic and Indian Oceans. A major driver for Russian involvement in Africa has been continuing assistance from and good relations with South Africa, the continents wealthiest nation and regionally, its most influential. This region will develop to become more […]
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The Fruit Association Gardens of Stavropol LLC, one of the largest fruit nurseries in Russia, has exported its first batch of apple saplings to India, according to Vladimir Vladimirov, the head of Stavropol Territory. He said that “The varieties were chosen together with Indian specialists – those that best suit India’s soils and climate. The […]
Russia’s Zarubezhneft, a state-owned oil company specializing in exploration, development and operation of oil and gas fields outside Russia, has transitioned from pilot production to the exploitation phase of its Boca de Jaruco project in Cuba. The Boca de Jaruco field produces extra-viscous, extra-heavy oil (natural bitumen) from carbonate deposits using thermal steam methods. Zarubezhneft […]
The Zimbabwe Foreign Minister, Amon Murwira, has been visiting Moscow and has held meetings with Sergey Lavrov, the Russian Foreign Minister. Muwira stated that Zimbabwe is keen to join the BRICS group and join the BRICS New Development Bank as a partner state. In addition, he stated that his country was willing to further develop […]
The long-delayed proposals to establish a Russian Industrial Zone at Port Said near the Suez Canal in Egypt appear to be coming to a conclusion with a planned meeting of the two countries’ intergovernmental commission in May, according to Russian State Secretary and Deputy Industry and Trade Minister Roman Chekushov. An agreement to proceed with […]
Russia’s leading cosmonaut, Oleg Artemyev, has been visiting India attending the NXT Conclave and has met with Prime Minister Narendra Modi to discuss space collaboration. Artemyev said that “India and Russia have been cooperating in space for six decades, and this collaboration will expand on a wide front to include lunar projects, Mars exploration, and […]
Brazilian President Luiz Inacio Lula da Silva has said that the BRICS nations remain committed to developing new “transparent and secure” payment platforms to boost their economic integration and reduce “vulnerabilities” in the global market. He was speaking at a meeting of the BRICS Ambassadors (also known as “Sherpas”) on Thursday, (February 27) as the […]
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