News

Russia Proposes Intra-BRICS Grain Trading Platform

Russia is suggesting to fellow BRICS countries that the organisation establishes a grain exchange system, a proposal that would give Moscow greater control over international prices for its agricultural exports. Frustrated by low global wheat prices, Russia, the world’s largest wheat exporter, has attempted to limit exports at low prices through international intermediaries. Moscow recommended […]

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EU Sanctioned Russian Fertilizer Held In Latvia For Two Years Finally En Route To Sri Lanka

Agriculture, BRICS, Trade

One of the many criticisms of the manner in which Brussels has managed its sanctions policy against Russia has been the knock-on effect it has had on third party countries. This has actively damaged the European Union’s credibility in the eyes of numerous countries, many of them in the global south. An example is a

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BRICS Pay Launches, Will Be A Global Payments Game Changer

BRICS, Economy, Finance, Trade

The BRICS Pay system has been launched, with immediate implications for the future role of the US dollar, and the use of financial sanctions upon other countries. The system bypasses the US controlled SWIFT payments system, disregards the US dollar as a preferred currency and allows instant settlement in sovereign currencies instead. It is likely

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Putin – 2025 Economic Growth to be in Russia, China, India and Saudi Arabia

Africa, China, Economy, Finance, India, Trade

Russian President Vladimir Putin has forecast that the economies of Russia, China, India, and Saudi Arabia will show strong positive growth over the coming years, while it will also be advanced in Africa and Southeast Asia. Speaking at a BRICS media event, he stated “Growth, positive growth will be in such strong countries as China,

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Calls For Shanghai Cooperation Organisation Independent Payments Mechanism: Implications For BRICS, SWIFT, US Dollar, Euro and British Pound

BRICS, Economy, Finance, Infrastructure, Shanghai Cooperation Organisation, Trade

Readers will be familiar with discussions amongst the BRICS countries to establish a SWIFT alternative payments and settlements platform, however the concept is now spreading. Russia is calling for the removal of obstacles to the implementation of plans to increase the share of national currencies in mutual settlements between the Shanghai Cooperation Organization (SCO) countries

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Russia – Mongolia Bilateral Trade Up 21% In 8M 2024 As ‘Steppe Road’ Project Is Discussed

Energy, Eurasian Economic Union, Infrastructure, Investment, Logistics & Transport, Trade

The Russian Prime Minister, Mikhail Mishustin has met with the Mongolian Prime Minister Luvsannamsrain Oyun-Erdene at the annual Prime Ministerial meeting of the Shanghai Cooperation Organisation (SCO) currently being held in Islamabad. Russia is a founding member of the SCO, while Mongolia is an Observer nation. Mishustin said that “The Russian side is giving a

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Serbia Abandons EU in Favour of BRICS: Other European Union Candidates Progress and the BRICS Alternative

BRICS, Economy, Trade

The Kremlin spokesman Dmitry Peskov has stated that the BRICS is a more welcoming and member-oriented group than the European Union, commenting on the possibility that Serbia could seek to join the BRICS bloc. His comments came after Belgrade said that instead of EU membership, it would explore the option of joining BRICS, which is

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Russia-Turkiye 2024 Relations: BRICS, Black Sea and US$100 Billion Trade Discussions

BRICS, Energy, Security, Trade

Russia’s Deputy Foreign Ministers Sergei Vershinin and Alexander Grushko met with Turkish Deputy Foreign Minister Mehmet Kemal Bozay in Moscow, for consultations to discuss the implementation of strategic economic and energy projects along with regional agenda items. The Russian Foreign Ministry has said that “The two parties had a substantive exchange of opinions on key

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Russia To Ratify ‘Strategic Partnership Agreement’ with North Korea: Implications

China, Security, Trade

Russian President Vladimir Putin has formally requested that the Russian State Duma ratify the treaty on comprehensive strategic partnership with North Korea (DPRK) that he signed during his trip to Pyongyang in June. The Russian media reported on Monday that the ratification proposal had been registered in the legislature’s docket and is expected to be

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Shanghai Cooperation Organisation Prime Ministers Council Meeting Begins In Pakistan

China, India, Infrastructure, Logistics & Transport, Security, Shanghai Cooperation Organisation, Trade

The Meeting of Council of Prime Ministers of SCO Member States has begun in Pakistan, with Russia represented by Prime Minister Mikhail Mishustin. The SCO includes full members Belarus, China, India, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan. Dialogue partners include Afghanistan and Mongolia, while Armenia, Azerbaijan, Bahrain, Cambodia, Egypt, Kuwait, Maldives, Myanmar, Nepal,

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RUSSIA'S PIVOT TO ASIA

«Поворот России в Азию»