BRICS

Russia, Turkiye Plan To Increase Bilateral Trade To US$100 Billion

BRICS, Shanghai Cooperation Organisation, Trade

The Russian President Vladimir Putin has met with Turkish President Recep Erdogan in Astana on the sidelines of the Shanghai Cooperation Organisation annual Heads of State meetings, with both sides also engaging in trade development talks. Current bilateral trade is running at about US$55 billion, with Alexei Yerkov, the Russian Ambassador to Turkiye, also present […]

Russia, Turkiye Plan To Increase Bilateral Trade To US$100 Billion Read More »

Congo Keen To Join BRICS

Africa, BRICS, Trade

Denis Sassou Nguesso, the President of the Congo, has met with Russian President Vladimir Putin in Moscow, where Nguesso expressed his country’s interest in becoming a member of BRICS. Nguesso stressed that the African country is interested in developing ties with the bloc, and said “I’ve heard about the BRICS+ format. So, if all these

Congo Keen To Join BRICS Read More »

Interview With The Russian Union of Industrialists and Entrepreneurs on Cooperation Between Russian Businesses in China and India

BRICS, China, India, Trade

Russia’s Kommersant newspaper has interviewed Vitaly Mankevich, the Chairman of the Russian-Asian Union of Industrialists and Entrepreneurs (RASPP) nd discussed the relationships between Russian businesses in China and India. We feature the interview below:  What is the current situation with receiving payment from Russian legal entities in Chinese banks? “Briefly describing the situation is quite

Interview With The Russian Union of Industrialists and Entrepreneurs on Cooperation Between Russian Businesses in China and India Read More »

Malaysia To Apply To Join BRICS

BRICS, Trade

October 25 Update: Malaysia has now been granted ‘BRICS Partner’ status. See more here. Malaysia has decided to apply for BRICS membership and will start filing the official paperwork soon, Malaysian Prime Minister Anwar Ibrahim has said. Existing BRICS member South Africa has agreed to accept a request. Anwar said “We have made our policy

Malaysia To Apply To Join BRICS Read More »

Russia Outlines “BRICS Bridge” Digital Settlement Plans

BRICS, Economy, Trade

Russia has proposed to BRICS countries and partnership members a mechanism for cross-border payments based on the BRICS Bridge settlement platform, according to Anton Siluanov, Russia’s Finance Minister. He explained that the mechanism would see BRICS members central banks issue digital financial assets (DFAs), which would in turn peg their value to the national currencies

Russia Outlines “BRICS Bridge” Digital Settlement Plans Read More »

The Chinese RMB Yuan Becomes Russia’s Currency Valuation Baseline: The Implications For The US Dollar and Euro 

BRICS, China, Economy, Finance

In response to Wednesday’s (June 12) US sanctions concerning the provision of services to Russia for trading US dollars or Euros, the Bank of Russia has stated that the Chinese RMB Yuan / Russian Ruble exchange rate will now be the baseline from which other currency pairs, including for the euro and the dollar, will

The Chinese RMB Yuan Becomes Russia’s Currency Valuation Baseline: The Implications For The US Dollar and Euro  Read More »

Moscow: Iran Would Benefit By Joining BRICS New Development Bank

BRICS, Finance, Investment, Trade

Sergey Ryabkov, Russia’s Deputy Foreign Minister has said that Iran would benefit if it joined New Development Bank established by the BRICS countries. Speaking at the BRICS foreign ministers meeting in Nizhny Novgorod, he said that “In order for Iran’s entry into BRICS to face the least difficulties, it is necessary to take a number

Moscow: Iran Would Benefit By Joining BRICS New Development Bank Read More »

Subscribe
Subscribe
Scroll to Top