BRICS

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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Russia – India Eastern Maritime Corridor Now Operational As Putin To Visit New Delhi 

Agriculture, BRICS, Energy, India, Logistics & Transport, Trade

India’s Minister of Ports, Shipping and Waterways, Sarbananda Sonowal has said that the Eastern Maritime Corridor (EMC), which connects major logistics hubs in Russia’s Far East with India’s southeastern coast, has become operational. The maritime link is expected to serve as a cheaper and faster alternative for shipping vital commodities, including oil and coal. Sonowal

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Russia – Peru 2024 Bilateral Relations: Update

BRICS, Exports, Imports, Latin America, Trade

Peru has been hosting the annual Asia-Pacific Economic Cooperation (APEC) summit, with the head of the Russian delegation, Deputy Prime Minister Alexei Overchuk, received by the Peruvian Prime Minister Gustavo Adrianzén Olaya. During their meeting, the sides discussed the current state of trade and economic relations between Russia and Peru as well as their prospects

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G20 Countries Interested In Joining BRICS New Development Bank

BRICS, Economy, Finance, Trade

Brazil, which is hosting the upcoming G20 annual meetings in Rio de Janeiro from 18–19 November, has made the BRICS New Development Bank (NDB) a G20 partner for 2024. Several G20 countries could subsequently join the bank, according to Russian Foreign Ministry Ambassador Marat Berdyev. The G20 includes Argentina, Australia, Brazil, Canada, China, France, Germany,

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