From 22 to 24 October, Russia hosted the 16th annual BRICS Summit in Kazan under the theme “Strengthening Multilateralism for Just Global Development and Security.” Attended by 36 country leaders along with the UN Secretary-General, António Guterres, the event’s success underscored a growing interest in multilateralism led by Global South. This success is also evident […]
Russia is pushing for a major comeback in the global tech race, leaning on its BRICS+ partners to build a united front in artificial intelligence (AI) development. President Vladimir Putin, speaking at Moscow’s flagship AI , announced the formation of the AI Alliance Network. The initiative will connect national AI associations and development institutions from […]
Incoming US President Donald Trump is obsessed with imposing tariffs, believing this will resurrect the ailing economy. However, the Republican faces the challenge that his reckless tariffs policy will only strengthen efforts to replace the US dollar as the global reserve currency, especially fearing a BRICS currency. In a Truth Social post on November 30, […]
Around 40% of Turkey’s annual natural gas demand of 56 billion cubic metres is supplied by Russia. However, payment disruptions caused by the Ukraine war and US sanctions have created significant risks for Turkey’s energy security, making the search for alternative supply routes a necessity. Despite US sanctions on Iran, Turkey has been able to […]
US President Donald Trump has refired conversations about a BRICS currency this week, following threats to ‘impose 100% tariffs’ on any nation from the emerging economic bloc. One-year ago, ahead of the 2023 BRICS Summit held in Sandton, the topic of a BRICS currency was well and truly put to bed when economic experts explained […]
Malaysia, a fast-growing Southeast Asian nation, has often sought to balance maintaining good relations with Western nations while fostering deeper connections with emerging economies. One avenue Malaysia is considering is closer engagement with BRICS (Brazil, Russia, India, China, and South Africa), a bloc of rapidly developing economies. This exploration reflects Malaysia’s desire to strengthen its […]
Russia is in talks with other BRICS members about creating an international precious metals exchange to ensure fair pricing and trade growth, the country’s Finance Minister Anton Siluanov said in a statement. “The mechanism will include the creation of price indicators for metals, standards for the production and trade of bullion, and instruments for accrediting […]
The final meeting of BRICS Sherpas and Sous-Sherpas is taking place in Ekaterinburg on 27-28 November. Sergey Ryabkov, Russia’s Deputy Foreign Minister and a Sherpa in the association, emphasised that the group’s resilience has strengthened with its expansion. During the meeting, the Russian deputy foreign minister summarised the results of Russia’s BRICS chairmanship and thanked […]
For profits made from buying, selling, or trading digital currencies, the applicable tax rates are set at 13% for income up to 2.4 million rubles and at 15% for amounts over that limit. Russian President Vladimir Putin has signed a new law that officially recognizes digital currencies as a form of property in foreign trade […]
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 […]
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