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 Heads of State of the Commonwealth of Independent States member countries have approved the creation of the CIS Plus platform at the Dushanbe summit, according to a list of documents signed following the summit published by the Kremlin. In addition to declarations and concepts on security issues—counterterrorism and military cooperation—the leaders also adopted a […]
A large Russian business delegation to India has been attended by more than 30 Russian companies exporting agricultural products as well as representatives of more than 40 Indian companies, industry associations, and government authorities. The mission was organized by Agroexport and the Russian Agriculture Ministry as part of the World Food India 2025 exhibition. India, […]
Russian tourist arrivals in Vietnam doubled last year, according to Vyacheslav Volodin, the Russian State Duma speaker of the house. Volodin is paying an official visit to Vietnam as the head of a State Duma delegation and stated, “We can see the interest of Russian citizens in Vietnam growing. The number of tourists doubled last […]
Russia’s Foreign Minister, Sergey Lavrov, has met with Luis Alberto Arce Catacora, the President of Bolivia, on the sidelines of the UN General Assembly in New York. The parties discussed the current state of bilateral cooperation in various areas, including trade, the economy, and the implementation of investment projects, as well as current issues […]
The Russian Foreign Minister, Sergey Lavrov, has met with Subrahmanyam Jaishankar, the Indian Minister of External Affairs, on the sidelines of the 80th Session of the UN General Assembly in New York. They discussed pivotal issues concerning bilateral collaboration, including preparations for the forthcoming Russia–India summit, to be held at this year’s end. They also […]
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Russia’s Foreign Minister, Sergey Lavrov, met with Sihasak Phuangketkeow, the Minister of Foreign Affairs of the Kingdom of Thailand, on the sidelines of the 80th session of the UN General Assembly in New York. During the conversation the parties discussed the prospects for developing Russian-Thai cooperation in priority areas, including the advancement of political dialogue, […]
The Russian Foreign Minister, Sergey Lavrov, has met with Yusuf Maitama Tuggar, the Foreign Minister of Nigeria on the sidelines of the 80th Session of the UN General Assembly in New York. The discussion focused on pressing matters concerning the continued progressive development of Russian–Nigerian relations including the maintenance of an active political dialogue and […]
The Russian President, Vladimir Putin, has met with Abiy Ahmed, the Prime Minister of Ethiopia, in Moscow. At the beginning of the meeting, in the presence of the heads of state, Director General of Rosatom Alexei Likhachev and Foreign Minister of Ethiopia Gedion Timotheos exchanged the signed Action Plan between the State Atomic Energy […]
Russia is interested in setting up production of sunflower oil in Egypt, with the issue raised during a Russian delegation’s visit to Cairo, according to Russian Deputy Prime Minister Alexei Overchuk, who led the delegation. He said that “We have very active cooperation in agriculture with Egypt, which buys ours, and we’re discussing setting up […]
The Russian Deputy Prime Minister Alexei Overchuk, who is about to visit Cairo, is to follow up on issues relating to the development of the much-delayed Russian Manufacturing & Development Zone based at Port Said near the Suez Canal. The intergovernmental agreement on the creation of the Russian Industrial Zone within the Suez Canal Economic […]
The International BRICS Competition Law and Policy Centre at Russia’s Higher School of Education (HSE University) has stated that the global grain market is dominated by the largest agribusiness traders, making it economically vulnerable. BRICS countries may want to establish a grain exchange in response, with antitrust regulators invited to participate in its creation. The […]
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