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.
Vladimir Putin has met with Milorad Dodik, the President of Republika Srpska, following the 2024 BRICS Summit in Kazan. This is what they had to say: Putin: “Mr President, welcome to Kazan. The last time we met was not so long ago, but time flies quickly. We met in St Petersburg in June, and before […]
Vladimir Putin has met with Mahmoud Abbas, the President of Palestine, following the 2024 BRICS Summit in Kazan. This is what they had to say: Putin: “During your visit to Moscow in August, we engaged in extensive discussions, exchanged views on the situation in the Middle East, reviewed crucial aspects of Russian-Palestinian cooperation, and also […]
BRICS trade and payments systems, the Ukraine conflict, North Korean soldiers, Donald Trump and Engagement with Africa The Russian President Vladimir Putin has given a speech summarising the activities of the 2024 BRICS Heads of State summit in Kazan, followed by a Q&A session. We provide his speech first, followed by the Q&A. Questions are […]
The BRICS countries have agreed to include 13 countries in the category of “Partner States” in the association. However, the entry of these countries has not yet been made official, as the newly established protocol in the procedure requires the country holding the current Chairmanship of the organisation (in this case, Russia, from 2025, Brazil) […]
The UAE investment company Fundament Capital Investment Management has purchased 6.86% of the shares in the Moscow Stock Exchange (MOEX), acquiring them from the American State Street Bank and Trust Company. MOEX said that Fundament Capital received 156,177,798 shares on September 30. The main shareholders of Moscow Exchange are now the Bank of Russia (11.7%), […]
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The 2024 BRICS summit has just finished, with the leaders of the attending countries issuing a ‘Kazan Declaration’. That document, which can be downloaded here contains clauses relating to global conflicts and can be taken to refer to Ukraine. It states: “We remain concerned about at the rise of violence and continuing armed conflicts in […]
The 2024 BRICS summit has concluded with a ‘Kazan Summit Declaration’, with 134 points covering 43 pages. The key topics include further development of the association, position on various global issues, sanctions, settlement of regional crises, including in Ukraine and the Middle East, in addition to a comprehensive reform of the United Nations (UN), including […]
Vladimir Putin has met with Recep Tayyip Erdogan, the President of Turkiye at the BRICS Summit in Kazan. This is what they had to say: Putin: “Once again, I would like to welcome everyone to Kazan and to repeat how much I appreciate it that you have accepted the invitation to attend the BRICS Plus/Outreach […]
Vladimir Putin has met with Nicolas Maduro, the President of Venezuela at the BRICS Summit in Kazan. This is what they had to say: Putin: “I am delighted to see you in Russia again. I remember well our previous meeting in Moscow in 2019. I am glad that you were able to come to Kazan […]
Vladimir Putin has met with Masoud Pezeshkian, the President of Iran at the BRICS Summit in Kazan. This is what they had to say: Putin: “This visit to Russia is your first as President of the Islamic Republic of Iran, and this has great symbolic importance. Iran has become a full participant of BRICS, and […]
Vladimir Putin has met with Abdel Fattah el-Sisi, the President of Egypt at the BRICS Summit in Kazan. This is what they had to say: Putin: “Thank you for attending the BRICS forum. The fact that you are taking part in it having completed the formal accession procedure during Russia’s chairmanship of this group sends […]
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