BRICS

Indian Pharma Investor To Manufacture Medical Supplies In Russia’s Far East

BRICS, Foreign Investment, Trade

India’s PSK Biotech Private Limited has signed an agreement to start manufacturing personal hygiene products, diapers, and medical supplies in the city of Yuzhno-Sakhalinsk, in Russia’s Far East Sakhalin region. Production is planned to launch in November this year. The initiative would also significantly reduce the Sakhalin region’s reliance on imported technology and shorten the […]

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India & Dubai Pick Up Global Diamond Business After EU’s Russia Sanctions

BRICS, Economy, Trade

Western sanctions on Russian diamonds are proving good business for Mumbai and Dubai, where European traders and cutters are now relocating too, after Brussels decided to impose sanctions on Russian sourced gems. Russia is the world’s largest supplier of raw diamonds, mostly sourced from Siberia’s Yakutia region. Neither India nor Dubai have followed the sanctions

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Russia Becomes Brazil’s Second Largest Wheat Supplier As BRICS Grain Exchange Touted

BRICS, Economy, Trade

In a nod to the BRICS grouping’s ability to increase trade and alternative supply chains, Russia exported 900,000 tonnes of wheat to Brazil in 2023, rising from fourth place to second place among Brazil’s leading suppliers, according to Russia’s Agriculture Ministry Agroexport center. Argentina is traditionally Brazil’s largest supplier of wheat, with a market share

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All BRICS Nations Are Piloting Digital Currencies But USD Likely To Remain Dominant  

BRICS, Economy, Finance

An Atlantic Council study published on Thursday showed that 134 countries, or 98% of the global Gross Domestic Product (GDP), are currently exploring the launch of a central bank digital currency (CBDC). This number has surged from just 35 since May 2020. The development is significant as it seems to predict an almost universal move

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Prospects For BRICS Under Russia’s 2024 Chairmanship

BRICS, Economy, Trade

The influential World Geostrategic Insights (WGI) forum has provided an interview with US-Russia expert Paul Goncharoff concerning Russia taking the Chairmanship for the BRICS group for 2024. The WGI also namechecked our own new Russia’s Pivot To Asia guide, which contains extensive chapters and details of the prospects for BRICS 2024. It can be downloaded

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Russia Sends First Grain Freight Train From Urals To India Via INSTC

BRICS, Logistics & Transport, Trade

The first export train of 30 wagons loaded with oats departed for India from Formachevo station in Chelyabinsk, in the Urals region of Russia, Acting Head of Chelyabinsk Customs Andrey Gursky, has said.  The train departed on March 18. The 830-tonne cargo was packed using the infrastructure of the Yuzhnouralsky transport and logistics complex. Since

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China’s Industrial Activity Up 7% In January & February 2024

BRICS, China, Economy

Despite general Western negativity concerning China, its industrial activity picked up at the start of the year, according to data from the National Bureau of Statistics. The news is relevant to Russia’s Pivot to Asia as it suggests that inexpensive Russia energy is helping create a boost to China’s manufacturing sector output.   China’s industrial production

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