Russia needs to better secure its arbitration reach by both developing Bilateral Investment Treaties with Global South nations, and / or establishing a BRICS arbitration centre. We can expect a flurry of BIT agreements being signed in the coming months.
The Eurasian Development Bank, in which Russia is a major investor, is set to approve 11 new countries as members, mainly from the Middle East. This will help facilitate Middle East sovereign investments into Central Asia.
The Uzbeki Deputy Prime Minster has been discussing investment opportunities for Russia’s largest dairy producer in Uzbekistan. The country is a high dairy per capita consumer but still needs to import milk.
Russia’s Chukotka region has introduced legislation to provide guidelines for the driverless operations of massive 300 tonne trucks to be used at the Peschanka mine – one of the world’s largest undeveloped copper and gold deposits.
Russia’s Roscosmos with working with the Indian Space Research Organization on multiple space projects, including the BRICS Space Council as well as assistance with India’s planned Bharatiya Antariksh Space Station, planned for deployment in 2028.
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Russia’s Kalashnikov have agreed a deal to supply the Indian armed forces with anti-drone equipment and specialist drone small arms equipment, mainly for use in cold high-altitude regions in the Indian Himalayas.
Russia’s MC-21 commercial airliner should be certified by mid 2027 and can then enter service. It is intended as a replacement for Airbus and Boeing medium-haul jets and is made with 100% localised Russian components.
Is multiculturalism dead – or just moving away from the West to the Global South? The joint Russia-India film ‘Persimmon of my Love’ has been playing to rave reviews on a national release in Russia, while co-BRICS film productions are also underway between Russia and Brazil, China, Egypt, Iran and Indonesia amongst others.
Russia is bringing in new cryptocurrency laws from July 1 which have the potential to revolutionise Eurasian and global trade finance and especially with China, India, ASEAN and the Middle East. We examine the laws in detail and analyse what they mean in the next generation of international financial flows.
The BRICS countries are continuing their plans to establish a grain exchange, to divert agricultural trade away from Western platforms. The BRICS both produce and consume about 44% of the world’s total markets for corn, wheat and rice, with members Brazil, China, India, Indonesia and Russia amongst the world’s largest producers and consumers.
The Moscow Stock Exchange is to start trading futures on South Korea’s iShare market from July 9, which includes hi-tech companies such as Samsung Electronics and SK Hynix.
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