Dubai BRICS Forum Will Help Develop Small And Medium Businesses – Interview
In this insightful conversation, the Chairman of the Organizing Committee of the Dubai BRICS Investment Forum, academician Konstantin Klimenko-Bogdanov, highlights the primary importance of the forthcoming corporate business forum within the context of geopolitical situation and offers a distinctive roadmap for economic collaboration of the BRICS countries. Here are the interview excerpts:
What does the upcoming BRICS Investment Forum in Dubai mean, especially in the context of geopolitical rivalry and competitive struggle?
Konstantin Klimenko-Bogdanov: In theory, competitive struggle should contribute to the development of the economy. After all, competition does not allow for the establishment of a monopoly, the dominance of only an exclusive minority of market participants. But on condition that this is fair competition.
In this insightful conversation, the Chairman of the Organizing Committee of the Dubai BRICS Investment Forum, academician Konstantin Klimenko-Bogdanov, highlights the primary importance of the forthcoming corporate business forum within the context of geopolitical situation and offers a distinctive roadmap for economic collaboration of the BRICS countries. Here are the interview excerpts:
What does the upcoming BRICS Investment Forum in Dubai mean, especially in the context of geopolitical rivalry and competitive struggle?
Konstantin Klimenko-Bogdanov: In theory, competitive struggle should contribute to the development of the economy. After all, competition does not allow for the establishment of a monopoly, the dominance of only an exclusive minority of market participants. But on condition that this is fair competition.
BRICXCHANGE: Your Gateway to Profitable Investments in BRICS ETFs and Beyond
In a rapidly evolving financial landscape, BRICXCHANGE emerges as a trailblazing investment platform, offering individuals and businesses worldwide seamless access to Exchange-Traded Funds (ETFs), mutual funds, and bonds. With a strategic focus on the BRICS (Brazil, Russia, India, China, and South Africa) economies and other fast-growing markets, BRICXCHANGE is revolutionizing global investing through cutting-edge technology and cryptocurrency integration.
A Vision for a Multipolar Financial World
BRICXCHANGE aligns with the vision of a multipolar world, where economic power is no longer concentrated in one region but solidified its position as a trusted and high-performing investment exchange.
Read full article
https://www.facebook.com/share/p/18cka56u3g/
Get started today! Click the link below to register and explore the opportunities that BRICXCHANGE has to offer.
https://app.bricxchange.com/register
In a rapidly evolving financial landscape, BRICXCHANGE emerges as a trailblazing investment platform, offering individuals and businesses worldwide seamless access to Exchange-Traded Funds (ETFs), mutual funds, and bonds. With a strategic focus on the BRICS (Brazil, Russia, India, China, and South Africa) economies and other fast-growing markets, BRICXCHANGE is revolutionizing global investing through cutting-edge technology and cryptocurrency integration.
A Vision for a Multipolar Financial World
BRICXCHANGE aligns with the vision of a multipolar world, where economic power is no longer concentrated in one region but solidified its position as a trusted and high-performing investment exchange.
Read full article
https://www.facebook.com/share/p/18cka56u3g/
Get started today! Click the link below to register and explore the opportunities that BRICXCHANGE has to offer.
https://app.bricxchange.com/register
EAEU & BRICS: new opportunities
🤝 Goar Barsegyan, Member of the Board for Industry and Agro-Industrial Complex of the Eurasian Economic Commission (EEC), met with Rodrigo de Lima Baena Soares, Ambassador of Brazil to Russia, to discuss development of EAEU-BRICS dialogue.
🇧🇷 As Brasilia took the helm of BRICS in 2025, the EEC came up with the initiative to include a working meeting between the ministers of industry of BRICS and EAEU in the programme of Brazil’s chairmanship.
Topics for discussion at the BRICS platform this year may include issues of industrial and technological cooperation and exchange of experience in this area, joint developments in the field of new technologies, cooperation in digitalization of the economy etc.
By TV BRICS
#EAEU #EurasianIntegration #BRICS #BRICS2025
🤝 Goar Barsegyan, Member of the Board for Industry and Agro-Industrial Complex of the Eurasian Economic Commission (EEC), met with Rodrigo de Lima Baena Soares, Ambassador of Brazil to Russia, to discuss development of EAEU-BRICS dialogue.
🇧🇷 As Brasilia took the helm of BRICS in 2025, the EEC came up with the initiative to include a working meeting between the ministers of industry of BRICS and EAEU in the programme of Brazil’s chairmanship.
Topics for discussion at the BRICS platform this year may include issues of industrial and technological cooperation and exchange of experience in this area, joint developments in the field of new technologies, cooperation in digitalization of the economy etc.
By TV BRICS
#EAEU #EurasianIntegration #BRICS #BRICS2025
🇷🇺🇪🇹Russia and Ethiopia begin trade in national currencies
💬“This process between Russia and Ethiopia is still in its early stages, so it is too early to provide precise statistics,” Ambassador of Ethiopia to Russia Genet Teshome Jirru said, adding that both countries have a clear interest in expanding this form of trade over time, according to Sputnik Africa.
Commenting on the growing cooperation amid sanctions and Russia's shift toward trading in national currencies with key partners, the Ambassador emphasized the inherent benefits of such transactions.
💬“Even if there were no sanctions, trade in local currency is always very profitable,” he said, explaining that it helps avoid transaction costs and losses tied to exchange rate fluctuations ❗️Additionally, the need to purchase foreign currency can create uncertainty and open the door to speculation, ultimately driving up product costs. “Thus, trade in national currencies makes economic relations more predictable,” the diplomat concluded.
💬“This process between Russia and Ethiopia is still in its early stages, so it is too early to provide precise statistics,” Ambassador of Ethiopia to Russia Genet Teshome Jirru said, adding that both countries have a clear interest in expanding this form of trade over time, according to Sputnik Africa.
Commenting on the growing cooperation amid sanctions and Russia's shift toward trading in national currencies with key partners, the Ambassador emphasized the inherent benefits of such transactions.
💬“Even if there were no sanctions, trade in local currency is always very profitable,” he said, explaining that it helps avoid transaction costs and losses tied to exchange rate fluctuations ❗️Additionally, the need to purchase foreign currency can create uncertainty and open the door to speculation, ultimately driving up product costs. “Thus, trade in national currencies makes economic relations more predictable,” the diplomat concluded.
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✉️ President of Russia Vladimir Putin congratulated current staff and veterans of the Ministry of Foreign Affairs of the Russian Federation on their professional holiday, Diplomatic Worker's Day.
The message reads, in part:
✍️ The Russian Foreign Ministry can be justly proud of its rich and glorious history. Its employees have always served the Motherland with honour, displaying civic courage, exceptional professionalism and dedication to duty.
Continuing these traditions with dignity, the Ministry of Foreign Affairs in the current challenging international environment, firmly and consistently defends Russia's legitimate national interests. It ensures effective cooperation with the global majority states in order to build a just multipolar world order based on mutual respect, the rule of international law, and the principles of equal and indivisible security. This is evidenced, in particular, by the productive work of the Russian chairmanship in #BRICS and the success of the Group’s Summit in Kazan.
The message reads, in part:
✍️ The Russian Foreign Ministry can be justly proud of its rich and glorious history. Its employees have always served the Motherland with honour, displaying civic courage, exceptional professionalism and dedication to duty.
Continuing these traditions with dignity, the Ministry of Foreign Affairs in the current challenging international environment, firmly and consistently defends Russia's legitimate national interests. It ensures effective cooperation with the global majority states in order to build a just multipolar world order based on mutual respect, the rule of international law, and the principles of equal and indivisible security. This is evidenced, in particular, by the productive work of the Russian chairmanship in #BRICS and the success of the Group’s Summit in Kazan.
THE AFRICAN POLE OF A MULTIPOLAR WORLD
✍️ Article for the ‘Russia in Global Affairs’ journal by Director of the Foreign Policy Planning Department of the Russian Foreign Ministry Alexey Drobinin (originally published on January 6, 2025)
🔗 READ IN FULL https://tinyurl.com/2fwyxdup
➡️ Key points:
▪️ Africa’s role in global politics is steadily growing. The development of a Pan-African identity is progressing slowly. The increasing self-awareness of African peoples and their determination to make up for what was lost during the colonial and post-colonial eras serve as a powerful driving force in establishing the continent as one of the poles in a multipolar world order.
▪️ Africa is rapidly advancing in strengthening its institutional frameworks to align and implement the interests of its nations. It is undeniable that “the revival of traditional values of African civilization is the key to Africa’s rise as a self-sufficient civilization.”
✍️ Article for the ‘Russia in Global Affairs’ journal by Director of the Foreign Policy Planning Department of the Russian Foreign Ministry Alexey Drobinin (originally published on January 6, 2025)
🔗 READ IN FULL https://tinyurl.com/2fwyxdup
➡️ Key points:
▪️ Africa’s role in global politics is steadily growing. The development of a Pan-African identity is progressing slowly. The increasing self-awareness of African peoples and their determination to make up for what was lost during the colonial and post-colonial eras serve as a powerful driving force in establishing the continent as one of the poles in a multipolar world order.
▪️ Africa is rapidly advancing in strengthening its institutional frameworks to align and implement the interests of its nations. It is undeniable that “the revival of traditional values of African civilization is the key to Africa’s rise as a self-sufficient civilization.”
🎙 Russia’s Permanent Representative to the United Nations Vassily Nebenzia:
💬 "We are not a bit surprised by the recent disclosures regarding the activities of USAID agency. We’ve always spoken that the agency has been funding radicals throughout the world. Thus, what was previously attributed to “Russian propaganda,” ultimately has proved to be true."
🔗 Read in full https://tinyurl.com/mv3vzvpv
#UnitedNations #UNSC #USAID
💬 "We are not a bit surprised by the recent disclosures regarding the activities of USAID agency. We’ve always spoken that the agency has been funding radicals throughout the world. Thus, what was previously attributed to “Russian propaganda,” ultimately has proved to be true."
🔗 Read in full https://tinyurl.com/mv3vzvpv
#UnitedNations #UNSC #USAID
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✉️ President of Russia Vladimir Putin congratulated current staff and veterans of the Ministry of Foreign Affairs of the Russian Federation on their professional holiday, Diplomatic Worker's Day.
The message reads, in part:
✍️ The Russian Foreign Ministry can be justly proud of its rich and glorious history. Its employees have always served the Motherland with honour, displaying civic courage, exceptional professionalism and dedication to duty.
Continuing these traditions with dignity, the Ministry of Foreign Affairs in the current challenging international environment, firmly and consistently defends Russia's legitimate national interests. It ensures effective cooperation with the global majority states in order to build a just multipolar world order based on mutual respect, the rule of international law, and the principles of equal and indivisible security. This is evidenced, in particular, by the productive work of the Russian chairmanship in #BRICS and the success of the Group’s Summit in Kazan.
The message reads, in part:
✍️ The Russian Foreign Ministry can be justly proud of its rich and glorious history. Its employees have always served the Motherland with honour, displaying civic courage, exceptional professionalism and dedication to duty.
Continuing these traditions with dignity, the Ministry of Foreign Affairs in the current challenging international environment, firmly and consistently defends Russia's legitimate national interests. It ensures effective cooperation with the global majority states in order to build a just multipolar world order based on mutual respect, the rule of international law, and the principles of equal and indivisible security. This is evidenced, in particular, by the productive work of the Russian chairmanship in #BRICS and the success of the Group’s Summit in Kazan.
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🇷🇺🇺🇸 Russian-American Consultations (February 18, 2025)
⚡️ In accordance with the understanding between Russian President Vladimir Putin and US President Donald Trump on intensifying contacts on international issues and the bilateral agenda, Russian Foreign Minister Sergey Lavrov and Russian presidential aide Yuriy Ushakov held talks in Riyadh on February 18 with a US delegation consisting of Secretary of State Marci Rubio, National Security Adviser Michael Waltz and Special Presidential Envoy for the Middle East Steve Witkoff.
A wide range of issues were discussed, including prospects for normalizing bilateral relations. The parties agreed to promptly appoint ambassadors and begin consultations at the level of deputy heads of foreign policy departments to remove restrictions on the activities of the diplomatic missions of the two countries.
Agreements were reached to establish a dialogue to define ways to resume cooperation in the economy, including energy, space and other areas of mutual interest.
⚡️ In accordance with the understanding between Russian President Vladimir Putin and US President Donald Trump on intensifying contacts on international issues and the bilateral agenda, Russian Foreign Minister Sergey Lavrov and Russian presidential aide Yuriy Ushakov held talks in Riyadh on February 18 with a US delegation consisting of Secretary of State Marci Rubio, National Security Adviser Michael Waltz and Special Presidential Envoy for the Middle East Steve Witkoff.
A wide range of issues were discussed, including prospects for normalizing bilateral relations. The parties agreed to promptly appoint ambassadors and begin consultations at the level of deputy heads of foreign policy departments to remove restrictions on the activities of the diplomatic missions of the two countries.
Agreements were reached to establish a dialogue to define ways to resume cooperation in the economy, including energy, space and other areas of mutual interest.
🎙️Foreign Minister Sergey Lavrov’s answers to questions from Rossiya 1 television channel (Riyadh, February 18, 2025)
❓Question: When will President of Russia Vladimir Putin and US President Donald Trump meet?
Sergey Lavrov: When the presidents come to an agreement.
❓Question: Has a dedicated negotiation team been established?
Sergey Lavrov: It was agreed that teams from both sides would be formed following reports to our respective heads of state.
❓Question: Do you consider today’s negotiations successful?
Sergey Lavrov: I would characterise them as positive.
❓Question: Were you acquainted with Mr Marco Rubio prior to this meeting, or was this your first interaction?
Sergey Lavrov: This was our first meeting.
❓Question: When will President of Russia Vladimir Putin and US President Donald Trump meet?
Sergey Lavrov: When the presidents come to an agreement.
❓Question: Has a dedicated negotiation team been established?
Sergey Lavrov: It was agreed that teams from both sides would be formed following reports to our respective heads of state.
❓Question: Do you consider today’s negotiations successful?
Sergey Lavrov: I would characterise them as positive.
❓Question: Were you acquainted with Mr Marco Rubio prior to this meeting, or was this your first interaction?
Sergey Lavrov: This was our first meeting.
🇷🇺🇸🇦 Russia's Foreign Minister Sergey Lavrov was received by Crown Prince and Prime Minister of Saudi Arabia Mohammed bin Salman Al Saud
📍 Riyadh, February 18, 2025
#RussiaSaudiArabia
📍 Riyadh, February 18, 2025
#RussiaSaudiArabia
✍️ Russia's Foreign Minister Sergey Lavrov’s greetings to the organisers, participants and guests of the Global Dance Overture cultural and educational project in the BRICS nations.
💬 I cordially welcome the organisers, participants and guests of the Global Dance Overture international cultural and educational project.
Humanitarian ties are an integral component of multifaceted cooperation between the #BRICS countries. Open, mutually respectful contacts between people add colours to the palette of cooperation, making it brighter and more intense.
Your creative initiative contributes to strengthening friendship and trust between peoples and mutual enrichment of our cultures.
I believe that its events will be held in a warm and informal atmosphere, give its numerous guests unforgettable impressions and promote international cultural exchanges.
I wish you a wonderful mood, unforgettable emotions and all the best.
💬 I cordially welcome the organisers, participants and guests of the Global Dance Overture international cultural and educational project.
Humanitarian ties are an integral component of multifaceted cooperation between the #BRICS countries. Open, mutually respectful contacts between people add colours to the palette of cooperation, making it brighter and more intense.
Your creative initiative contributes to strengthening friendship and trust between peoples and mutual enrichment of our cultures.
I believe that its events will be held in a warm and informal atmosphere, give its numerous guests unforgettable impressions and promote international cultural exchanges.
I wish you a wonderful mood, unforgettable emotions and all the best.
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🇷🇺🇧🇷 On February 17, Deputy Minister of Foreign Affairs of the Russian Federation S.A. Ryabkov held online consultations with Deputy Minister of Foreign Affairs of Brazil for Economic and Financial Affairs, Sherpa in #BRICS M. Lirio.
The parties discussed various aspects of multilateral cooperation within BRICS in the context of Brazil's presidency of the association in 2025. The importance of continuity in the work of BRICS and the focus on achieving practical results were noted.
#RussiaBrazil
The parties discussed various aspects of multilateral cooperation within BRICS in the context of Brazil's presidency of the association in 2025. The importance of continuity in the work of BRICS and the focus on achieving practical results were noted.
#RussiaBrazil
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🇷🇺🇨🇳 On February 20, Russia's Foreign Minister Sergey Lavrov and Foreign Minister of the People’s Republic of China Wang Yi met on the sidelines of the #G20 Ministerial in Johannesburg.
The Parties praised the development of political dialogue and practical cooperation between Russia and China as a stabilising factor in the context of continuing turbulence of the global system.
Special focus was placed on the work to ensure the implementation of the agreements reached between the two countries’ heads and preparations for the upcoming Russian-Chinese contacts at the high and highest levels in 2025.
An in-depth discussion was held on global and regional problems, such as Eurasian security, developments in the Middle East and the Asia-Pacific Region, relations with the US, and Ukrainian crisis.
🇺🇳 The Foreign Ministers discussed the two countries’ cooperation within the UN and other international organisations and in various multilateral formats.
The Parties praised the development of political dialogue and practical cooperation between Russia and China as a stabilising factor in the context of continuing turbulence of the global system.
Special focus was placed on the work to ensure the implementation of the agreements reached between the two countries’ heads and preparations for the upcoming Russian-Chinese contacts at the high and highest levels in 2025.
An in-depth discussion was held on global and regional problems, such as Eurasian security, developments in the Middle East and the Asia-Pacific Region, relations with the US, and Ukrainian crisis.
🇺🇳 The Foreign Ministers discussed the two countries’ cooperation within the UN and other international organisations and in various multilateral formats.
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"The Summit's location underscores the need for African voices to be heard on critical global issues, like sustainable development, the digital economy and the shift toward green energy.
It is a great opportunity to promote greater collaboration between African nations and the rest of the world."
Address by President Cyril Ramaphosa at the Group of 20 (#G20) Foreign Ministers' Meeting, Nasrec, Johannesburg https://tinyurl.com/4kcxs6t9
#G20SouthAfrica
#BetterAfricaBetterWorld
It is a great opportunity to promote greater collaboration between African nations and the rest of the world."
Address by President Cyril Ramaphosa at the Group of 20 (#G20) Foreign Ministers' Meeting, Nasrec, Johannesburg https://tinyurl.com/4kcxs6t9
#G20SouthAfrica
#BetterAfricaBetterWorld
🇷🇺🇿🇦 On February 21, Russia’s Foreign Minister Sergey Lavrov met with South African Minister of International Relations and Cooperation Ronald Lamola on the sidelines of the #G20 Foreign Ministers’ Meeting in Johannesburg.
During the meeting, held in a constructive atmosphere, the ministers discussed topical issues of the development of bilateral relations of strategic partnership, with an emphasis on expanding trade and economic ties.
The Sides emphasised the importance of enhancing Moscow and Pretoria’s foreign policy coordination at international platforms, such as the #UN, #BRICS and the G20, as well as the #RussiaAfrica dialogue. The Мinisters discussed the current international situation, with a focus on the Palestinian issue and the overall situation in the Middle East and North Africa.
🤝 The Ministers noted the similar approach to settling conflicts in Africa, including the situation in the African Great Lakes region, and the role of the African Union in maintaining peace and security
During the meeting, held in a constructive atmosphere, the ministers discussed topical issues of the development of bilateral relations of strategic partnership, with an emphasis on expanding trade and economic ties.
The Sides emphasised the importance of enhancing Moscow and Pretoria’s foreign policy coordination at international platforms, such as the #UN, #BRICS and the G20, as well as the #RussiaAfrica dialogue. The Мinisters discussed the current international situation, with a focus on the Palestinian issue and the overall situation in the Middle East and North Africa.
🤝 The Ministers noted the similar approach to settling conflicts in Africa, including the situation in the African Great Lakes region, and the role of the African Union in maintaining peace and security
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BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems
BRICS nations are accelerating efforts to create independent payment systems, aiming to bypass Western financial dominance.
BRICS Advances Alternative Payment Systems to Reduce Western Dependence
BRICS nations are actively discussing the development of alternative payment platforms to reduce their dependence on American financial systems, Tass reported on Feb. 19, citing Russian Foreign Minister Sergey Lavrov. Addressing the Russian State Duma, Lavrov emphasized that the initiative was originally pushed by Brazilian President Luiz Inácio Lula da Silva.
“This is being discussed in BRICS, at the initiative of [Brazilian President Luiz Inacio] Lula da Silva … The previous summit stated a decision on the necessity of developing a proposal on alternative payment platforms through finance ministries and central banks,” he detailed, elaborating:
BRICS nations are accelerating efforts to create independent payment systems, aiming to bypass Western financial dominance.
BRICS Advances Alternative Payment Systems to Reduce Western Dependence
BRICS nations are actively discussing the development of alternative payment platforms to reduce their dependence on American financial systems, Tass reported on Feb. 19, citing Russian Foreign Minister Sergey Lavrov. Addressing the Russian State Duma, Lavrov emphasized that the initiative was originally pushed by Brazilian President Luiz Inácio Lula da Silva.
“This is being discussed in BRICS, at the initiative of [Brazilian President Luiz Inacio] Lula da Silva … The previous summit stated a decision on the necessity of developing a proposal on alternative payment platforms through finance ministries and central banks,” he detailed, elaborating:
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🤝 On Feb 26, in Cape Town, South Africa, on the sidelines of the #G20 events, the first meeting of BRICS Deputy Finance Ministers and Central Bank Governors took place under Brazil’s chairmanship.
The meeting was held in a new composition: from Jan 1, 2025, Indonesia became a full-fledged member of #BRICS. President of the New Development Bank Dilma Rousseff also spoke at the meeting via videoconference.
During the joint session of the Finance Ministries and Central Banks, the countries discussed priorities for this year.
💬“We thank Brazil for ensuring continuity in the implementation of practical initiatives launched during the Russian presidency last year. These initiatives are aimed at strengthening our joint financial infrastructure - payments, insurance and investment,” Deputy Finance Minister of the Russian Federation Ivan Chebeskov said in his remarks.
The meeting was held in a new composition: from Jan 1, 2025, Indonesia became a full-fledged member of #BRICS. President of the New Development Bank Dilma Rousseff also spoke at the meeting via videoconference.
During the joint session of the Finance Ministries and Central Banks, the countries discussed priorities for this year.
💬“We thank Brazil for ensuring continuity in the implementation of practical initiatives launched during the Russian presidency last year. These initiatives are aimed at strengthening our joint financial infrastructure - payments, insurance and investment,” Deputy Finance Minister of the Russian Federation Ivan Chebeskov said in his remarks.
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🇧🇷 Brazil to lead BRICS efforts in developing secure payment systems
Brazil, under its 2025 chairship in BRICS, plans to facilitate the development of transparent and secure payment systems, President Luiz Inacio Lula da Silva announced during a BRICS Sherpa meeting in Brasilia.
💬"Brazil is going during the period of its presidency to fully develop transparent and safe payment systems," the president stated, emphasising the importance of modernising financial frameworks within the bloc.
Lula da Silva also called on BRICS countries to strengthen bilateral trade, highlighting the need for deeper connections within the bloc.
This year’s first meeting of BRICS Sherpas/Sous-Sherpas took place on Feb 25-26 in the capital of Brazil.
By TASS
#BRICS #BRICS2025
Brazil, under its 2025 chairship in BRICS, plans to facilitate the development of transparent and secure payment systems, President Luiz Inacio Lula da Silva announced during a BRICS Sherpa meeting in Brasilia.
💬"Brazil is going during the period of its presidency to fully develop transparent and safe payment systems," the president stated, emphasising the importance of modernising financial frameworks within the bloc.
Lula da Silva also called on BRICS countries to strengthen bilateral trade, highlighting the need for deeper connections within the bloc.
This year’s first meeting of BRICS Sherpas/Sous-Sherpas took place on Feb 25-26 in the capital of Brazil.
By TASS
#BRICS #BRICS2025
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