BRICS

Cuba

Russia Looking to Invest in & Modernize Cuba’s Energy System

BRICS, Energy, Exports, Investment, Latin America, Trade

Russian energy companies could help modernize and restore the Cuban energy system, the Russian Energy Ministry said following a meeting between Energy Minister Sergei Tsivilev and Cuban Foreign Trade and Investment Minister Oscar Perez-Oliva Fraga. The parties discussed the involvement of Russian companies in the construction of a new 200 MW power unit and overhauling […]

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BRICS RMB

BRICS Energy Alliance Launches Petro-Yuan Contracts To Minimise US Dollar Usage

BRICS, China, Energy, Exports, Finance, Trade

The BRICS energy alliance has launched a coordinated system of Petro-Yuan (Chinese RMB Yuan currency) oil contracts that directly challenges US dollar dominance in global energy markets. The BRICS controls 46 million barrels per day of oil production and is implementing BRICS plus currency shift mechanisms through Yuan-denominated contracts, Indian Rupee – Russian Ruble swaps,

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Isreal Iran

Russia’s Current Relations and Trade With Iran and Israel

BRICS, Eurasian Economic Union, Middle East, Security, Shanghai Cooperation Organisation, Trade

Russian President Vladimir Putin has held discussions with both Israeli Prime Minister Benjamin Netanyahu and the Iranian President Masoud Pezeshkian in the wake of this weekend’s attacks by Israel on Iran and the subsequent Iranian retaliation. It is believed he is the only world leader still able to discuss – and potentially mediate – between

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BRICS Vietnam

Vietnam Becomes A BRICS Partner Country

Asia, BRICS, Exports, Imports, Trade

The Brazilian Foreign Ministry has confirmed that Vietnam has become a BRICS partner country, saying, “The Brazilian government announces Vietnam’s official accession as a partner country.” Brazil is the 2025 Chair of the BRICS group. According to the ministry, Vietnam has become the association’s 10th partner, and stated that the country “shares with BRICS members a commitment

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Iran

Russia and Iran to Collaborate on Co-Produced Films

BRICS, Culture, Middle East, Russian Market

Russia and Iran are drafting an agreement on cooperation in joint film production, Russian Culture Minister Olga Lyubimova said on Tuesday, saying, “Cinematography is a key area for cooperation.” New Russian and Iranian films are traditionally presented at major festivals, and there is regular exchange of delegations of filmmakers.” She was speaking after meeting with

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Indian Rupee Gaining Traction in Russia Usage

BRICS, Exports, Finance, Imports, India, Trade

A top executive at Russia’s largest bank has said he sees a growing role for the Indian rupee in the country. Aleksandr Vedyakhin, the first deputy chairman of the board of Sber, has stated that the Indian currency is popular with the bank’s individual and business clients. He said, “In Russia, Sber allows you to make transactions in rupees,

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Russia Iran India

The Russia, Iran INSTC Transit Roadmap Through to South Asia: Updates

BRICS, India, Infrastructure, Investment, Middle East, Russian Market, Trade

Iran’s Minister of Roads and Urban Development Farzaneh Sadeghi and Russia’s Minister of Transport Roman Starovoit signed an agreement on the development of transport and transit cooperation for 2025. The core element of the agreement, signed in Tehran on February 18, is the completion of the long-delayed Rasht-Astara railway in Iran with Russia’s assistance, according to Iran’s

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BRICS Plus

Uzbekistan Expected To Join BRICS New Development Bank

BRICS, Commonwealth of Independent States, Finance, Trade

The board of governors of the BRICS New Development Bank (NDB) has given its consent in principle for Uzbekistan to join the bank, according to Uzbekistan’s presidential press service. Uzbek President Shavkat Mirziyoyev and BRICS New Development Bank Governor Dilma Rousseff have discussed developing collaboration and the prospects for Uzbekistan to join the NDB. Uzbekistan’s

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FESCO

Russia Increases Shipping Container Capacity With India and UAE By 45% 

Asia, BRICS, Exports, Imports, India, Logistics & Transport, Middle East, Russian Market, Trade

Russia’s FESCO Transport Group has increased the container capacity of the line between India, the UAE and its Novorossiysk Port by 45%, by adding a third container ship to the FESCO Indian Line West (FIL-W) line connecting the ports of India and the UAE with Novorossiysk. German Maslov, Vice President, Line Logistics Division, FESCO, stated

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