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.
Russia’s AFK Sistema plans to open a representative office in Vietnam in 2026, with the decision made following a working visit to the country by a delegation from the corporation headed by its founder Vladimir Yevtushenkov in early January. AFK Sistema PAO is a large Russian conglomerate, with Sistema part of the AFK Group. The […]
Brazil is ready to cooperate with Russia on rare earth metals, Brazil’s ambassador to Moscow Sergio Rodrigues dos Santos has stated, adding that such cooperation between the countries has potential. Santos stated that “We need to find ways to cooperate, and Brazil is certainly open to dialogue with Russia, both in the area of extraction […]
The Russian Ministry of Transport has said that direct flight connectivity between Moscow, Kuala Lumpur, the capital of Malaysia, and the resort destination of Langkawi is expected to launch during Q1 2026, with the country already preparing to welcome visitors from Russia. The Malaysian government has produced a special “Visit Malaysia 2026” international tourism campaign, […]
Russia’s ambassador to Bolivia, Dmitry Verchenko, has been commenting on the status of the delayed Bolivia-Russia lithium mining project between Rosatom and the Bolivian state-owned enterprise YLB (Yacimientos de Litio Bolivianos). The Joint Venture agreement was signed in September 2024; however, a change of government in Bolivia has held up any development. The JV is […]
The Second Ministerial Conference of the Russia-Africa Partnership Forum was held In Cairo on December 19-20, 2025, and convened ministers of foreign affairs, heads of regional economic blocs, and senior officials from more than 50 African nations to advance cooperation in trade, economic ties, investment, and connectivity with Russia. Hosting this event in Africa marks […]
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As 2025 draws to a close, the strategic trade and economic exchanges between Russia and the Gulf Cooperation Council (GCC) have reached unprecedented depth and vibrancy. What began as periodic high-level consultations has matured into a multifaceted, mutually beneficial partnership rooted in macroeconomic complementarity, robust commercial cooperation, infrastructure connectivity, and shared interests in shaping a […]
The working visit of Indonesian President Prabowo Subianto to Moscow on 10 December and his meeting with President Putin at the Kremlin has injected new momentum into one of Eurasia’s most promising, yet underappreciated bilateral relationships. Indonesia is the world’s fourth largest consumer market, with a population of 285 million, while Russia is the world’s […]
The First Russia-Thailand Investment Forum (RTIF 2025) was held in Phuket on November 26-28, 2025, and emerged as a flagship event for Russia’s engagement not just with Thailand but also with ASEAN. It represents not only an unprecedented platform for dialogue and business matchmaking but also a strategic milestone in the broader Eurasian-ASEAN economic integration. […]
That Russia’s pivot towards Asia has been extensively discussed in Moscow’s strategic circles is no longer a distant projection on Putin’s longer-term wish list but an unfolding geopolitical and geo-economic reality. Nowhere is this more evident than in the accelerating partnership between Russia and Vietnam, one of Southeast Asia’s most dynamic economies and a crucial […]
The first UAE-Russia Business Forum takes place today (December 10), in what promises to be a landmark event in the architecture of contemporary Eurasian connectivity. Organized by the Russia–UAE Business Council with the support of the Russian Ministry of Industry and Trade and coinciding with the 12th meeting of the Russia-UAE Intergovernmental Commission on Trade, […]
Russia and Indonesia have signed a memorandum of cooperation in shipbuilding, providing the necessary regulatory framework for developing cooperation. Details of the agreement have not been provided. The agreement was signed between Anton Alikhanov, the Russian Trade & Industry Minister, and Agus Gumiwang Kartasasmita, his Indonesian counterpart. Alikanov said that the parties had confirmed their […]
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