Source link 95% of the country’s transactions with India and China were conducted in local currencies last year National currencies were used in 95% of Russia’s trade with China and India last year, the secretary general of the International Chamber of Commerce (ICC), Tatiana Monaghan, revealed on Monday. According to the ICC, the share of […]
Source link The number of millionaires in the bloc is expected to see a massive surge over the next decade, according to a newly released report Total investable wealth currently held by the BRICS member states amounts to $45 trillion, according to Henley & Partners’ inaugural BRICS Wealth Report. The BRICS group of emerging economies, […]
Source link The political consultations between Ethiopia and Russia were praised by the African country’s foreign ministry Ethiopia’s first BRICS meeting since joining the group last month has been described as a “diplomatic victory” for the African country by Meles Alem, a spokesperson for the Ministry of Foreign Affairs of Ethiopia. Ethiopia was one of […]
Source link South Africa’s top diplomat has condemned military support for West Jerusalem following the World Court’s genocide ruling All countries must refrain from supporting Israel’s military in light of last week’s International Court of Justice (ICJ) ruling concerning the war in Gaza, as they could be making themselves accomplices to genocide, South African Foreign […]
Source link The US and its allies have shown “complete disrespect” to the opinions of the bloc’s members, the Russian foreign minister has said Initiatives by China, Brazil, and South Africa on settling the conflict in Ukraine are not even being considered by Western nations during meetings to discuss Ukrainian President Vladimir Zelensky’s so-called peace […]
Source link Russia’s presidency of BRICS has resulted in a total revamp of the organization, South African sherpa Anil Sooklal has told RT in an exclusive interview. Sookhal, who is also his country’s sherpa for the G20 and IBSA (India-Brazil-South Africa), recalled that Moscow is one of the founding members of the bloc and a […]
Source link The share of the country’s transactions with other bloc members in national currencies has reached 85%, Elvira Nabiullina says The share of Russia’s settlements in national currencies with fellow BRICS countries has increased to 85%, up from just 26% two years ago, the head of the Russian central bank, Elvira Nabiullina, told RIA […]
Source link Following the addition of new members, the group now accounts for 35% of the world’s GDP in PPP terms, Elvira Nabiullina has said The BRICS states have overtaken the G7 in terms of share in global GDP in PPP terms, the head of the Russian central bank, Elvira Nabiullina, told RIA Novosti in […]
Source link The Russian foreign minister has stated that the high level of interest in the group suggests it has a great future ahead Nearly 30 countries have expressed a desire to become part of the BRICS group, Russian Foreign Minister Sergey Lavrov said at a press conference in Moscow on Thursday. Discussing the results […]
Source link Saudi Arabia has yet to join the BRICS group of economies officially, the kingdom’s minister of commerce, Majid Al-Kasabi, announced at the World Economic Forum in Davos on Tuesday. Saudi state broadcaster reported earlier this month that the kingdom had officially become a member of BRICS. The reports, however, were later removed from […]
Source link Turnover with Brazil nearly doubled in December as the South American country ramps up imports of commodities from Moscow Trade between Russia and Brazil surged to record volumes in December despite Western sanctions as fellow BRICS countries continue expanding economic ties, RIA Novosti reported this week. Turnover between the countries nearly doubled year-on-year, […]
Source link The BRICS New Development Bank (NDB) has announced the approval of a $500 million loan to fund rural road projects in the Indian state of Gujarat. The funds will be used under the Mukhyamantri Gram Sadak Yojana initiative, according to the bank, which was launched in 2010-2011 to improve connectivity in rural areas […]
Source link Membership in the group will “help reduce the Western dominance generally,” Muda Yusuf told RT The prominent Nigerian economist claimed that BRICS memberships are a “win-win situation.” On Tuesday, speaking during an exclusive interview to RT, Muda Yusuf, the CEO of the Nigerian Center for the Promotion of Private Enterprise, said a lot […]
Source link The West will continue to lose influence this year, but it won’t go quietly into that good night Predicting the future is the most thankless task when it comes to international politics. All of the genre, in fact, because it involves the interaction of living human beings. That means it is subject to […]
Source link The group has welcomed five new members, with further expansion expected later this year Saudi Arabia on Tuesday officially announced that it has joined the BRICS+ group, with the news carried by state TV. Riyadh has been in negotiations on its accession to the group for months, with Foreign Minister Prince Faisal bin […]