BRICS News & Analysis

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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.

ASEAN Relation
Featured April 28, 2026

Russia-ASEAN/Southeast Asia Relations in 2026: Energy, Trade Diversification, Defense and Strategic Realignment

A comprehensive overview of Russia’s trade and investment with the ASEAN nations between 2026 and 2031. We analyse all elements of mutual trade opportunities as many ASEAN countries face ongoing Middle East-driven oil supply disruptions and fertilizer supply chain and production cost uncertainties, alongside broader geopolitical realignments. Essential intelligence for anyone in the ASEAN trade space.

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Egypt_QR
Featured April 23, 2026

Russia’s VTB Bank Launches QR Code Payments System In Egypt

Russia’s VTB bank is rolling out a QR code payment system throughout Egypt to allow the bank’s clients to access up to US$4,600 per day in direct transactions from their Russian bank accounts while in the country. The QR code system is supported by national satellite telecommunications networks and is Western financial sanctions proof.

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Indonesia Russia Ties
April 15, 2026

Deep Dive Inside the Putin-Prabowo Meeting: Energy, Strategy, and the Future of Russia-Indonesia Ties

The Russian and Indonesian Presidents and their respective economic development teams have met in Moscow. We deep dive the meetings that were held, with an onus on energy, bilateral trade growth and mutual investments. Indonesia has a population double that of Russia and an economy growing five times faster.

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Indonesia Bilateral Update
April 14, 2026

Russian, Indonesian Presidents Meet: Bilateral Update April 2026 

The Russian and Indonesian Presidents are meeting in Moscow to discuss trade development, along with their respective economic and trade teams. Indonesia is a full member of BRICS, and has a Free Trade Agreement with the Eurasian Economic Union that entered into force last year. Bilateral trade is currently worth about US$4.7 billion.

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ASEANRussia
March 21, 2026

Russian Foreign Minister Meets With ASEAN Ambassadors In Moscow

The Russian Foreign Minister Sergey Lavrov has met with the Ambassadors of all of the ASEAN countries – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam, in Moscow. They discussed improving Russia’s multilateral trade with the bloc as well as developing relations between ASEAN and BRICS, the Eurasian Economic Union and Shanghai Cooperation Organisation.

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Asia Aviation Routes
March 14, 2026

Russia’s Eurasian Relations Pay Dividends As New Russia-Southeast Asia Aviation Routes Open Up

The Iran conflict has cut off Europe from its normal Southeast Asian aviation routes, yet Russia has been able to call on regional members of the Commonwealth of Independent States, BRICS, and the Shanghai Cooperation Organisation, as well as its new Asian diplomatic strategy, to reroute flights to the east and use Eurasian connectivity to access Southeast Asian tourist destinations. This move could ultimately open up new transport hubs in Central Asia to service these markets in problems persist in the Middle East.

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Sri Lanka BRICS
March 6, 2026

Sri Lanka Eyes BRICS

Sri Lanka has stated it is interested in joining the BRICS group as views it ‘as a platform to spur its economic growth.’
Neighbouring India is the 2026 BRICS chair and will host annual BRICS summit in late summer. It is possible Sri Lanka could be invited to become a partner nation.

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