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.
A meeting of the Russian-Indonesian Intergovernmental Commission was held last week in Jakarta at the Ministerial level, led by Russian First Deputy Prime Minister Denis Manturov. The meetings had a wide-ranging agenda, including the proposed free trade agreement, inter-banking, energy, and industrial and agricultural developments. Indonesia is a major Southeast Asian economy with a population […]
The Russian Foreign Minister Sergei Lavrov and his Turkish counterpart Hakan Fidan have discussed the situation in the South Caucasus and the Black Sea region and Russian-Turkish economic and energy cooperation, during the Antalya Diplomacy Forum held last week. The Antalya Diplomacy Forum (ADF) is an annual conference on international diplomacy that is held in […]
Russia’s Deputy Energy Minister Roman Marshavin has held videoconference discussions with Sri Lanka’s Minister of Power and Energy, Kumara Jayakody, as well as representatives of Sri Lanka’s energy companies. Sri Lanka has been hit by an economic crisis and lacks sufficient energy production. The two sides discussed prospects for joint investment projects in the fuel […]
The 8th Session of the India-Russia Working Group on Priority Investment Projects has been taking place in Delhi, co-chaired by Amardeep Singh Bhatia, Secretary of the Indian Department for Promotion of Industry and Internal Trade, and Vladimir Ilichev, Russia’s Deputy Economic Development Minister. The session took place in the framework of the India-Russia Intergovernmental Commission […]
The US President Donald Trump has raised import tariffs on Chinese goods by an astonishing 104% from today, April 9th. The move comes after China rose its tariffs on US goods by an additional 34% two days ago in response to the original tariffs Trump had placed on Chinese imports by the same amount last […]
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The Russian auto manufacturer Sollers has begun the assembly of UAZ vehicles in Cuba, the company has stated. The project has been implemented by Sollers, UAZ distributor Echo-Export LLC, and with the Cuban company EISA. Modern assembly equipment has been installed at a factory located in the industrial zone of the Cuban capital Havana, and […]
Russia’s agricultural exports to Cuba grew by 20.1% in value during 2024, according to Russia’s Deputy Agriculture Minister Maxim Titov and the Cuban Deputy Agriculture Minister Telse Abdel Gonzalez Morera, who have been discussing bilateral agricultural trade. Agricultural trade between the two countries grew by 13.4%, meaning Russia’s exports to Cuba grew more than vice-versa. […]
Russia’s Pivot To Asia has just published their 2025 Guide to Latin America, a unique publication that includes details of Russia’s diplomatic, trade and investment engagement with Argentina, Bolivia, Brazil, the Caribbean, Cuba, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay and Venezuela. It is a complimentary download and can be accessed here. Russia’s involvement […]
Russian Foreign Minister Sergey Lavrov held discussions with the Prime Minister of Barbados, Mia Amor Mottley, on Friday (April 4), and discussed the possibilities of developing bilateral political dialogue, trade and economic ties. Barbados is the current chair of the Caribbean Community (CARICOM), a trade bloc that also includes Antigua and Barbuda, the Bahamas, Belize, […]
Following Ethiopia’s strategic decision to develop its navy, the country’s leadership is taking concrete steps to rebuild its navy. The landlocked country is working on regional agreements that will allow it access to the Red Sea and the Indian Ocean. Ethiopia’s Navy was originally founded in the 1950s, but was dissolved following Eritrea’s independence in […]
The Chinese Foreign Minister, Wang Yi, has been visiting Moscow this week and held meetings with Russian Foreign Minister Sergey Lavrov and President Vladimir Putin. Discussions revolved around bilateral and multilateral relations, including the coordination of Sino-Russian strategy as concerns the United Nations and the UN Security Council. Russia in particular has recently been unhappy […]
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