BRICS

BRICS, EAEU Could Be Part Of A New Unified Eurasian Commodities Exchange

BRICS, Eurasian Economic Union, Finance

The St. Petersburg International Commodity and Raw Materials Exchange (SPIMEX) will create a new, common EAEU commodity exchange market and then intends to integrate this to include commodities trading within the BRICS, according to SPIMEX President Igor Artemyev, speaking on the sidelines of the St. Petersburg International Economic Forum (SPIEF). Artemyev stated that “A large […]

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Moscow Considering Recognition Of Taliban As Afghanistan’s Legitimate Government

BRICS, Trade

The Foreign Ministry of the Taliban movement (which is currently banned in Russia as a terrorist organization), which controls Afghanistan, has welcomed Russia’s declared intention to build bilateral relations. Abdul Qahar Balkhi, spokesperson for the Taliban Foreign Ministry, said that “The Ministry of Foreign Affairs of the Islamic Emirate of Afghanistan welcomes comments by the

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Thailand Applies To Join BRICS

BRICS, Trade

Thailand will apply to become a member of the BRICS economic bloc, the Thai government in Bangkok announced on Tuesday (May 28). Government spokesman Chai Wacharonke said that the Thai cabinet has approved the text of the official letter expressing Thailand’s intent to join the group. According to Chai, the letter declares that Thailand understands

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Russia Looking To Revive South African Gas Refinery

BRICS, Energy, Trade

South Africa’s PetroSA and Russia’s Gazprombank are currently investigating the feasibility of restarting operations at South Africa’s gas-to-liquid (GTL) fuel plant in Mossel Bay in South Africa’s Western Cape. PetroSA spokeswoman Nonny Mashika-Dennison has said that all factors affecting the viability of restarting operations at the refinery were being considered as part of a comprehensive

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India’s Foreign Minister: India’s 7.6% GDP Growth Rate Is Fuelled By Russia 

BRICS, India, Trade

India’s Foreign Minister Subrahmanyam Jaishankar has stated that New Delhi’s decision to purchase energy supplies from Moscow are pivotal to India and its rise as the world’s fastest-growing large economy.  Speaking at an event in Mumbai, India’s financial capital, Jaishankar emphasized that the nation’s purchases of Russian crude since the beginning of the Ukraine conflict

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Russia – Afghanistan Trade Turnover Up Fivefold Since 2022 US Troop Withdrawal

BRICS, Trade

Rustam Habibullin, the head of the Russian Business Center in Afghanistan, has said that the trade turnover between Russia and Afghanistan after the withdrawal of US and NATO forces has increased significantly and reached US$1 billion. He stated that the main areas of trade are gas, oil products, flour and wheat, and more recently, dairy

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