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 regional Ukraine conflict, initially a European issue, has now evolved into a new, generally unacknowledged phase that is revealing in its geographic spread and aims – it has morphed into a global economic war, essentially pitting the European Union and the United States against the rest of the world. Both are demanding compliance with […]
Brazil will discuss a response to US President Donald Trump’s tariffs with other BRICS nations, Brazilian President Luiz Inacio Lula da Silva has stated. Lula said he will reach out to other BRICS nations and discuss how to tackle the tariffs. In addition, he said he would reach out to his Chinese and Indian counterparts, […]
India and Russia have discussed ways of strengthening their economic partnership, focusing on cooperation in rare earths, aircraft parts manufacturing, and railways, officials said in a statement on Wednesday. The discussions were held during the 11th Session of the India-Russia Working Group on Modernization and Industrial Cooperation in New Delhi. That came at the same […]
The regional Ukraine conflict, initially a European issue, has now evolved into a new, generally unacknowledged phase that is revealing in its geographic spread and aims – it has morphed into a global economic war, essentially pitting the United States against the rest of the world. It is essentially demanding tributes from its allies, such […]
Egypt’s Suez Canal Authority, the Egyptian state body responsible for operating the waterway, is seeking to sign a partnership deal with Russia. The two countries are already working together on a major industrial project in the Suez Canal Economic Zone in eastern Port Said. Osama Rabie, chairman and managing director of the Suez Canal Authority, […]
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Russia’s JSC AminoSib, which specializes in advanced wheat processing, is to begin exporting wheat gluten to Brazil. It plans to export 300 tonnes to the country and has already shipped a 25-tonne test batch. The company stated “Latin America does not have its own plants for advanced wheat processing. A significant proportion of its imports […]
The Director of the Department of Economic Cooperation of the Russian Foreign Ministry, Dmitry Birichevskiy, has been speaking at the Valdai Club’s 3rd Russia-Africa conference and the South African Institute of International Affairs (SAIIA). South Africa is in a somewhat unique position as it has just taken over the Presidency of the G20, and from […]
Russia’s FESCO Transportation Group has launched a direct rail service, the “Vietnam Shuttle” from Vietnam to Moscow via China and Mongolia in partnership with logistics operator Ratraco (a subsidiary of Vietnam Railways), the company has said. The average transit time along the Vietnam Shuttle route is 35 days. Departures from Vietnam are carried out weekly. […]
Cuba has become a member of the BRICS New Development Bank (NDB) and is expected to obtain access to alternative financing, as the NDB offers credit without the strict conditions of institutions such as the IMF or the World Bank. Cuba has limited access to the dollar-dominated global financial system and is heavily sanctioned by […]
Conflict has broken out between Thailand and Cambodia, regarding long-disputed land borders and certain temples. The problems began with a Thai soldier being wounded by a Cambodian land mine and have escalated. As of Friday, (July 25) an estimated 15 civilians have died with 138,000 Thai nationals being evacuated from the border region. Fighting has […]
The Russian Foreign Minister, Sergey Lavrov, met with the Indian Foreign Minister Subrahmanyam Jaishankar, on the sidelines of the Shanghai Cooperation Organisation Foreign Ministers’ meetings in Tianjin, China. The two foreign ministers engaged in a comprehensive discussion on pivotal bilateral and international issues, as well as the forthcoming schedule of diplomatic engagements. They reiterated their […]
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