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.
Russia’s exports of natural gas to China rose by 28.3% year-on-year in the first eight months of 2025, according to Gazprom CEO Aleksey Miller. Speaking at a meeting with the heads of subsidiary companies and organizations, Miller added that Gazprom continues to supply gas steadily and reliably to both domestic consumers and international partners. Russia […]
India is set to increase its imports of Russian oil in September, with trading sources saying that Nayara Energy and Reliance Industries plan to increase their purchases by 10-20% compared to August levels. The increase would translate to an additional 150,000-300,000 barrels per day. The move comes despite US President Donald Trump imposing additional tariffs […]
Unlike China and India, Brazil does not import crude oil directly from Russia. However, it ranks as the third-largest buyer of Russian refined petroleum products globally—behind Turkiye (26%) and China (13%)—accounting for 12% of such imports. Those imports have also been increasing. According to data from the Helsinki-based Centre for Research on Energy and Clean […]
The Russian President, Vladimir Putin, has given an interview to Xinhua, the Chinese state-owned media group, on the eve of the upcoming Shanghai Cooperation Organisation (SCO) annual heads of state meetings, which begin on Sunday (August 31). In the interview, Putin discusses his relationship with Chinese President Xi Jinping, the historic role of the USSR […]
Russia is both developing and integrating its digital transport system with China’s, according to Igor Levitin, an Adviser to the President of Russia and Special Representative for International Transport Cooperation. He was speaking at the Rostki International Forum in Kazan. Speaking at the session on “Russia-China: Logistics Connectivity as a Basis for Sustainable Partnership”, Levitin […]
Subscribe to receive exclusive insights and analysis on BRICS.
On August 22, Russian Foreign Minister Sergey Lavrov had a telephone conversation with Venezuelan Executive Vice President Delcy Rodriguez Gomez. In the course of the conversation, the two sides confirmed their mutual intention to further strengthen the strategic partnership relations between Russia and Venezuela. The parties discussed current bilateral issues and agreed to increase interaction […]
The Iranian Ambassador to Russia, Kazem Jalali, has said that the cargo transit by the eastern branch of the International North-South Transport Corridor (INSTC) may reach its potential capacity of 15 million tonnes in three to four years. He was speaking at the Caspian Media Forum 2025 in Astrakhan. Jalali stated that “The eastern branch […]
The Indian External Affairs Minister, Subrahmanyam Jaishankar has been holding talks in Moscow, meeting with both Sergey Lavrov, Russia’s Foreign Minister, and Russian President Vladimir Putin. The talks come just as the United States has threatened to increase tariffs to 50% on Indian exports to the United States in retaliation for India purchasing Russian oil. […]
Russia’s state-owned Agroexport Federal Center and the FESCO Transportation Group are working together to promote the establishment of direct contacts between Russian agricultural product exporters and Vietnamese partners, as well as the growth of Russian agricultural exports to the Vietnamese market. Following meetings at the Vietfood & Beverage 2025 exhibition in Ho Chi Minh City, […]
The Russian President, Vladimir Putin, has met with President of the UAE, Sheikh Mohammed bin Zayed Al Nahyan in Moscow. Putin stated “I am delighted to see you once again in the capital of Russia. We attach special importance to our relations with the United Arab Emirates. For Russia, the UAE is a friendly nation, […]
The Russian President Vladimir Putin has met with the current Malaysian Head of State, Sultan Ibrahim Iskandar of Johor, in Moscow. Malaysia is a constitutional monarchy, with nine Sultans each rotating the position as Head of State for five year terms. The Head of State is titled “Yang di-Pertuan Agong” with Sultan Iskander having been […]
Русский
