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.
The Russian Foreign Minister, Sergey Lavrov, has been in Laos, attending meetings of the East Asia Summit, which included 18 partners, including Russia, being the United States, the European Union, Japan, Australia, South Korea, India and China, and the members of ASEAN. This also includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and […]
The redistribution of foreign participation in the Russian market over the past two years has resulted in Chinese investors becoming the largest source of foreign investment into the country. In the first nine months of 2024, the number of Russian registered companies with Chinese equity increased by 32% over the same period in 2023, according […]
October 25 Update: Cuba has now been granted ‘BRICS Partner’ status. See more here. The Cuban government has made an official request to join the BRICS bloc in a letter sent to Russian President Vladimir Putin, according to Carlos Pereira, the director general of bilateral affairs of the Cuban Foreign Ministry. He said that “Cuba […]
Syria is negotiating to join BRICS, according to Bashar Jaafari, the Syrian ambassador to Russia. “We are very interested in joining BRICS and Syria is in serious negotiations to join.” he said at the “North Caucasus: New Geostrategic Opportunities” event held last week in Pyatigorsk. The annual BRICS Heads of State meeting will be held […]
Or: Is This Article Russian Propaganda or an Intellectual Debate? You Decide. The extraordinary lengths to which Europe has gone to support Ukraine – and in turn, seek to turn public support for the countries leadership and therefore pursue a highly aggressive anti-Russian stance are unprecedented over the past century. Never to such an extent […]
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The Russia-China relationship has been the focus of ongoing conjecture in the West, much of it referring to how Beijing will eventually outmanoeuvre Moscow and subsume Russia either via land grabs or financial coercion. Sergey Lavrov, Russia’s Foreign Minister, has weighed in on the debate by stating, somewhat enigmatically, that “Our friendly and good-neighbourly relations […]
Russia has stated that countries that maintain friendly relations with Moscow are interested in using Russia’s low-orbit satellite constellation to have Internet access as an alternative to Elon Musk’s Starlink network, according to Russia’s Digital Development Minister, Maksut Shadayev. Russia’s OJSC Bureau 1440 is currently building a low-orbit satellite constellation, involving 292 spacecraft to provide […]
It’s interesting – even laughable – to note how the Western media describe problems in the West as ‘Global’ issues, whereas in fact they are often referring to matters related solely to the United States and Europe. It begs the question of how realistic their knowledge of how the global trade and geopolitical system now […]
The United Arab Emirates (UAE) and the members of the Eurasian Economic Union (EAEU) may conclude negotiations on setting a free trade zone by the BRICS summit set for October 22-24 in Kazan, according to Andrei Slepnyov, the Eurasian Economic Commission Trade Minister. He has stated that “With the UAE, we are at the finalization […]
The Belarusian Foreign Minister, Maksim Ryzhenkov has said that the BRICS group could add at least ten new members at the forthcoming annual meeting later this month. Belarus is hoping to be among them, while Ryzhenkov stated that “The first wave of enlargement, as we all expect – those who have submitted such applications […]
Russia’s Deputy Energy Minister Sergei Mochalnikov and Yemen’s Oil and Minerals Minister Saeed al-Shamasi, co-chairmen of the Russian-Yemeni intergovernmental commission, have been discussed the trade and economic cooperation between the two countries on fuel and energy on the sidelines of the Russian Energy Week. The two sides discussed interaction in industry, agriculture, and modernization of […]
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