BRICS

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

BRICS, Infrastructure, Logistics & Transport, Trade

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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Russia Wants Africa, Brazil, and India Permanently Represented On The United Nations Security Council

Africa, BRICS, India, Latin America, Security

Russia believes that Africa, Brazil, and India should be represented in the UN Security Council on a permanent basis, to ensure the representativeness of the global majority, Russian Foreign Minister Sergey Lavrov has stated. Lavrov said “Countries such as India, and Brazil, as well as representatives of Africa, should have been on a permanent basis

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Russia Proposes Intra-BRICS Grain Trading Platform

Agriculture, BRICS, Finance, Trade

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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Russian Sri Lanka Grain

EU Sanctioned Russian Fertilizer Held In Latvia For Two Years Finally En Route To Sri Lanka

Agriculture, BRICS, Trade

One of the many criticisms of the manner in which Brussels has managed its sanctions policy against Russia has been the knock-on effect it has had on third party countries. This has actively damaged the European Union’s credibility in the eyes of numerous countries, many of them in the global south. An example is a

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BRICS Pay Card

BRICS Pay Launches, Will Be A Global Payments Game Changer 

BRICS, Economy, Finance, Trade

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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SCO-USD

Calls For Shanghai Cooperation Organisation Independent Payments Mechanism: Implications For BRICS, SWIFT, US Dollar, Euro and British Pound

BRICS, Economy, Finance, Infrastructure, Shanghai Cooperation Organisation, Trade

Readers will be familiar with discussions amongst the BRICS countries to establish a SWIFT alternative payments and settlements platform, however the concept is now spreading. Russia is calling for the removal of obstacles to the implementation of plans to increase the share of national currencies in mutual settlements between the Shanghai Cooperation Organization (SCO) countries

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Serbia Russia

Serbia Abandons EU in Favour of BRICS: Other European Union Candidates Progress and the BRICS Alternative

BRICS, Economy, Trade

The Kremlin spokesman Dmitry Peskov has stated that the BRICS is a more welcoming and member-oriented group than the European Union, commenting on the possibility that Serbia could seek to join the BRICS bloc. His comments came after Belgrade said that instead of EU membership, it would explore the option of joining BRICS, which is

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Russia-Turkiye 2024 Relations: BRICS, Black Sea and US$100 Billion Trade Discussions

BRICS, Energy, Security, Trade

Russia’s Deputy Foreign Ministers Sergei Vershinin and Alexander Grushko met with Turkish Deputy Foreign Minister Mehmet Kemal Bozay in Moscow, for consultations to discuss the implementation of strategic economic and energy projects along with regional agenda items. The Russian Foreign Ministry has said that “The two parties had a substantive exchange of opinions on key

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Zimbabwe Academic Compares IMF With BRICS Bank

BRICS, Economy, Finance, Trade

Kudzai Dominic Chiwenga, an associate professor at the University of Zimbabwe, has spoken about currency strategies and compared the World Banks ‘International Monetary Fund’ (IMF) with the BRICS New Development Bank (NDB). The NDB, he has said, provides more flexible and supportive terms than the IMF. Chiwenga, who is also the Chairman of the Zimbabwe-Russia

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