BRICS

Russian, Chinese Rating Agencies Replacing Western Agencies In Eurasia

BRICS, China, Finance, Regulatory

Russian and Chinese credit rating agencies are replacing Western ratings agencies as demand for financial intelligence increases throughout Asia. Companies such as Moodys, S&P, and Fitch all exited the Russian market in 2022, when sanctions were imposed. Their work in Asia, and China has also been historically erratic, with a lack of local connections and […]

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BRICS Law

BRICS Dispute Resolution To Replace Western Based Arbitration Courts

BRICS, China, India, Infrastructure, Logistics & Transport, Regulatory

The Russian-Chinese Legal Congress is taking place on December 4th, and amongst other matters, will discuss the  issue of resolving maritime disputes between BRICS countries. Anastasia Simonova, of Verba Legal, has stated that “Cooperation between Russia, China and India in the field of maritime transportation, international transit of goods, in relation to the Northern Sea

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Whoosh

Russia’s Whoosh E-Bike Sharing To Scoot Into Latin American Markets     

BRICS, Exports, Investment, Latin America, Logistics & Transport

PJSC Whoosh Holding, the holding company of Russian electric scooter and bike sharing service operator Whoosh, plans to soon enter the markets of several cities in Latin America, including Sao Paolo, Brazil, Dmitry Chuiko, the company’s CEO has said. Chuiko announced on Alexei Linetsky’s YouTube channel “We are launching in Sao Paolo literally within a

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EAEU

Tunisia Considering Eurasian Economic Union Free Trade Agreement

Africa, BRICS, Eurasian Economic Union, Trade

The Eurasian Economic Commission (EEC), the regulatory authority of the Eurasian Economic Union (EAEU) and the government of Tunisia have set up a working group to explore the feasibility of concluding a free trade agreement, the EEC trade department reported following a meeting between EEC Trade Minister Andrei Slepnev and Tunisian Trade and Export Development

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Ethiopia

Rosatom Signs Nuclear Development Agreement With Ethiopia

Africa, BRICS, Energy, Infrastructure, Investment, Trade

Rosatom has signed a contract with Ethiopia’s Ministry of Innovation and Technology to conduct a feasibility study for the construction of a Nuclear Science and Technology Center (NSTC) in the country. Rosatom is the Russian state nuclear energy company. The initial work will be conducted by a Rosatom research subsidiary. Ethiopia is a member of

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Frigate

India Commissions Russian-Built Warships

BRICS, Foreign Investment, India, Security, Shanghai Cooperation Organisation, Trade

The Indian Defence Minister, Rajnath Singh, is to visit Russia’s Kaliningrad shipyard next month where the Indian Navy Stealth Frigate, INS Tushil is currently being built. The three-day visit will start on December 8, and will include talks with Russian Defence Minister, Andrey Belousov in Moscow. Singh will then travel to the Yantar shipyard located

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Containers

BRICS Faces Container Imbalances, Russia To Build Worldwide Container Manufacturing & Distribution Hubs

BRICS, Infrastructure, Investment, Logistics & Transport, Trade

Over the past three years, Russia’s share in BRICS trade has more than doubled and has further potential for expansion and containerisation – but there are bottlenecks that need dealing with.  During that timeframe, BRICS imports from Russia have surpassed exports to Russia by almost 4.5 times, creating a huge container imbalance. As a result,

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Iran

Russian Gauge Railway To Connect With Iranian Gulf Ports & INSTC  

BRICS, Logistics & Transport, Middle East, Russia's Belt & Road, Trade

Russia and Iran are negotiating the construction of a Russian-standard gauge railway from the Iranian city of Parsabad on the Iranian border with Azerbaijan, to the Iranian port of Bandar Abbas on the Persian Gulf coast, according to Kazem Jalali, the Iranian Ambassador in Moscow. Russian rail gauge is 1,520 mm wide, Iran’s is 1,435

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COP29

BRICS Carbon Agreement Expected From COP29 Commitments  

BRICS, Economy, Investment, Trade

The BRICS countries have drafted a special memorandum for partnership on carbon markets and it is expected to be signed before the end of 2024, according to Nikita Kondratyev, the director of multilateral economic cooperation and special projects at Russia’s Economic Development Ministry. He was speaking during a session at the UN COP29 climate conference,

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