From 22 to 24 October, leaders and senior officials from 33 Global South countries and 6 international organizations attended the XVI BRICS Summit in Kazan, Russia, welcoming new members to the BRICS family and inviting many countries to become partner countries. So far, over ten countries have applied to join the group as partner countries […]
The 2024 expansion of BRICS has undoubtably increased Africa’s weight in international affairs and contributed to the ongoing discussion of the complexities of multipolarity. An increased acceleration of strategic and commercial engagements between BRICS and Africa also reflects the rising pragmatic interest of the major powers in the continent, as well as in China, India, […]
BRICS has arguably become the most dynamic group on the international stage as its core expansion is coupled with a significant rise in the number of developing economies that have expressed their desire to join the platform. But while the greater appeal of BRICS in the Global South is welcome, questions about how this greater […]
As BRICS expands its influence on the global stage, nations across South America are increasingly looking to join the grouping. Many South American countries see BRICS as a way to strengthen their economies, deepen international cooperation, and pursue more equitable global partnerships. BRICS: A Growing Global Powerhouse Russian Foreign Minister Sergey Lavrov, speaking ahead of […]
In our view, there is a tangible shift towards creating new platforms in the sphere of economic cooperation, including in such areas as connecting BRICS financial markets infrastructure, platforms for cross-border payments, depositary infrastructure, platforms for cooperation of BRICS Special Economic Zones (SEZs), BRICS Grain Trade Exchange. On BRICS expansion, while the declaration promulgated the […]
Since its establishment, the BRICS community has made significant progress. However, its recent strides seem poised to fundamentally transform the global economic and political landscape. Originally founded as an alternative to Western economic institutions and their dominance over the global financial system, BRICS now aims for much more than just being an alternative. The U.S.’s […]
in recent years, BRICS countries have accelerated their efforts to develop an alternative system to the dollar. It is certain that this new system, currently under development, will be a digital structure built in line with the requirements of the era. Blockchain, one of the most significant advancements of the last century, will form the […]
A new age of international relations is dawning. With the West accounting for a declining share of global gross domestic product and the world becoming increasingly multipolar, countries are jostling to establish their positions in the emerging order. This includes both the emerging economies — represented by the recently expanded BRICS grouping — that seek […]
China’s Xiaomi said Tuesday that it had delivered more than 20,000 SU7 EVs in October as it ramps up production for its electric car venture in a fiercely competitive market. The Chinese company, which is largely known for its smartphones and home appliances, reiterated plans to deliver 100,000 SU7 vehicles by the end of November. Xiaomi first revealed plans to […]
Russian carmaker AvtoVAZ is set to return to the Iranian market after a 25-year hiatus, the company’s president, Maxim Sokolov said to Moscow-based news agency TASS. Russia’s war has seen hundreds of foreign companies leave the country, but no sector has been harder hit than the automotive. AvtoVaz, maker of the Lada, has seen its production come […]
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