BRICS News & Analysis

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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.

Featured February 20, 2025

Russia Looking At LNG Exports & Investments With Indonesia & Malaysia

Russia is discussing LNG supplies and development investments with Indonesia and Malaysia, according to Roman Marshavin, Russia’s Deputy Energy Minister. Indonesia and Malaysia have Asia’s largest liquefied natural gas capacity, with the latter ranking fifth worldwide in exporting LNG in 2023. However, their capacity is underutilized, and both countries are experiencing depletion of their resource […]

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Featured February 19, 2025

Russia, Iran, Discuss Agricultural Cooperation, Trade, and Bandar Abbas Logistics Hub    

A Russian agricultural trade delegation, lead by Deputy Prime Minister Alexei Overchuk, and Deputy Agriculture Minister Maxim Borovoi has been in Tehran discussing a variety of agricultural trade and supply chain issues with Iran.  The two parties discussed expanding the distribution channels for Russian agricultural products and food, including meat, confectionery and beverages on Tuesday […]

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February 19, 2025

Russia, India Sign Off On Defence Logistics Agreement      

Russia and India have agreed a new defence logistics deal that aims to enhance coordination in exercises, disaster relief, and other joint operations, the Russian Ministry of Defence has announced. The Reciprocal Exchange of Logistics Agreement (RELOS) was signed following a meeting between Russian Deputy Defense Minister Colonel-General Alexander Fomin and India’s ambassador to Russia, […]

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February 16, 2025

Russia Engages With Indonesian Navy In Joint Exercises Off Bali

The Russian Navy has sent some of its Pacific Fleet ships to the Indonesian island of Bali to participate in the international exercise Komodo-2025. The Russian ships travelled more than 6,000 nautical miles, conducted a number of exercises and visited the Chinese Far Eastern port of Qingdao. As part of the exercises, the sailors of […]

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February 16, 2025

UAE To Introduce Etihad Airlines Abu Dhabi – Sochi Flights

Etihad Airways are to launch direct flights between Abu Dhabi, one of the UAE Emirates, and Sochi, on Russia’s Black Sea coast, from May 29. Flights will be operated on Airbus A320 three times a week. The new route will improve transport accessibility between Russia and the UAE and is aimed partially at Emirati citizens […]

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February 16, 2025

Russia Wants To Increase LNG Exports To India  

Russia is increasing liquefied natural gas production and exports despite sanctions and could expand shipments to India, First Deputy Energy Minister Pavel Sorokin has said. He was speaking at the India Energy Week in New Delhi, and said that India, already the largest buyer of Russian crude oil, could also become a major market for […]

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February 15, 2025

Russian Agricultural Exports To The UAE Up 40% In 2024   

Russia exported over 1.2 million tonnes of agricultural products to the United Arab Emirates (UAE) in 2024, up 40% compared to the previous year, according to Russia’s Agroexport Centre. The top five agricultural products included wheat, which accounted for 71%, barley at 17%, peas at 4%, dried lentils at 2% and chickpeas at around 1%. […]

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February 11, 2025

India Now Producing Russian Weapons: Defence Minister 

India’s Minister of Defence, Rajnath Singh has described Russia as a “longtime and reliable partner” in the security and defence sector. Speaking on the sidelines of the Aero India show that is currently underway in Bangalore, Singh highlighted the strong ties between the two countries, noting that Indian state-owned defence companies are now producing Russian […]

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February 11, 2025

Lukoil Expected To Sign New Egyptian Oil Concession

According to the Egypt Upstream Gateway, which operates on behalf of the Egyptian Petroleum and Mineral Resources Ministry, Russia’s Lukoil is interested in acquiring Egypt’s South Wadi El-Sahl block. A memorandum of understanding for the project is expected to be signed during the Egypt Energy Show (EGYPES), which takes place in Cairo on February 17-19. […]

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February 10, 2025

Trade With Southeast Asia and Latin America Now Accounts for 70% of Russia’s Exports & Imports: Foreign Ministry Interview

Trade with the economies of Southeast Asia and Latin America already accounts for more than 70% of Russia’s export-import transactions, and the share of settlements in national currencies under foreign contracts with them is about 90%, according to Alexander Pankin, the Russian Deputy Foreign Minister. He emphasized that Moscow will continue to deepen cooperation with […]

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