BRICS News & Analysis

BRICS

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 October 24, 2024

BRICS, Russia and China: 2024 Developments and Implications

Vladimir Putin has met with Xi Jinping, the Chinese President, at the BRICS Summit in Kazan. This is what they had to say: Putin: “Chinese comrades and friends, I extend a warm welcome to all of you here in Russia, particularly in the Republic of Tatarstan, in Kazan, the capital of the Republic. This region […]

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Featured October 24, 2024

BRICS, Russia, and India: 2024 Developments and Implications

Vladimir Putin has met with Narendra Modi, the Indian Prime Minister at the BRICS Summit in Kazan. This is what they had to say: Putin: “I am delighted to welcome you to Russia, this time to Kazan, a magnificent historical city on the Volga. I warmly remember your visit to Moscow and our fruitful talks […]

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October 23, 2024

BRICS and the New Development Bank: 2024 Progress Report and Potential Expansion

The Russian President, Vladimir Putin, has met with the President of the BRICS New Development Bank (NDB), Dilma Rousseff. The NDB acts as a BRICS development platform and invests in infrastructure projects, often in the green sector, in BRICS nations. Equity investors include Algeria, Bangladesh, Brazil, China, Egypt, India, Russia, South Africa, United Arab Emirates, […]

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October 22, 2024

Russia Wants To Set Up Transport and Logistics Hubs In Turkiye’s Azov and Black Sea Regions

Yevgeny Pakhomov, Russia’s deputy director of the international cooperation and foreign trade licensing department at the Ministry of Industry and Trade has said that Russia is interested in creating industrial “points of presence” in Turkey to develop exports and cooperation. He said “We don’t regard points as just manufacturing facilities themselves, but also the creation […]

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October 21, 2024

Russia – UAE 2024 Bilateral Relations: Update

The Russian President, Vladimir Putin, is meeting with the President of the United Arab Emirates (UAE), Mohamed bin Zayed Al Nahyan in Moscow for official discussions ahead of the upcoming BRICS summit. The UAE joined the BRICS bloc in January. The Kremlin has said that the Presidents will talk about the current situation and prospects […]

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October 20, 2024

Russia Proposes Intra-BRICS Grain Trading Platform

Russia is suggesting to fellow BRICS countries that the organisation establishes a grain exchange system, a proposal that would give Moscow greater control over international prices for its agricultural exports. Frustrated by low global wheat prices, Russia, the world’s largest wheat exporter, has attempted to limit exports at low prices through international intermediaries. Moscow recommended […]

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October 19, 2024

BRICS Pay Launches, Will Be A Global Payments Game Changer 

The BRICS Pay system has been launched, with immediate implications for the future role of the US dollar, and the use of financial sanctions upon other countries. The system bypasses the US controlled SWIFT payments system, disregards the US dollar as a preferred currency and allows instant settlement in sovereign currencies instead.  It is likely […]

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