BRICS Grain Exchange to strengthen global food security

Russian Deputy Prime Minister Dmitry Patrushev held a meeting dedicated to the creation of the BRICS Grain Exchange. During the meeting, participants discussed the options for establishing and operating the exchange, as well as mechanisms for interacting with trading platforms, producers, and grain exporters.

According to Patrushev, the initiative will strengthen global food security. He also reminded that in 2024, this idea was supported by the agriculture ministers of BRICS countries and the leaders of the union.

"BRICS countries account for nearly half of the global production and consumption of grain. Accordingly, the trading platform will allow #BRICS countries to form independent price indicators within the union, which will contribute to a more objective assessment of agricultural products' value on the global market," noted Dmitry Patrushev.

Russian President Vladimir Putin instructed the government to explore the initiative for creating the BRICS Grain Exchange in 2024. The idea of establishing the exchange was first proposed by the Union of Grain Exporters during a meeting with the Russian leader in March previous year.

#NEWS #agriculture

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❗️❗️❗️For Alliance of Sahel States, BRICS is Symbol of Moving Towards Multipolarity, Burkina Faso's Top Diplomat Says

"We need to break free from this rigid and outdated framework that concentrates power in the hands of a few countries," Karamoko Jean-Marie Traore told Sputnik Africa.

The AES supports multipolarity and it is interested in working with the BRICS members, the foreign minister said.

"For us, the opportunity offered, or rather, the perspective emerging through the BRICS is a further opportunity to enable countries that have long been marginalized or confined to find new areas of cooperation," he explained.

Speaking to reporters after Sergey Lavrov's meeting with AES counterparts in Moscow, Traore emphasized that Moscow and the alliance are united in defending multipolarity.

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Russia to offer BRICS countries innovative technology for cleaning up oil spills on water

Russian specialists are preparing detailed information on the innovative technology of oil and oil spills collection from water surface and successful practices of plastic collection on Lake Baikal. This was announced by the Director of the Department of International Cooperation in the field of natural resources and environmental protection of the Ministry of Natural Resources Ivan Kushch.

Brazil hosted the 11th meeting of heads of environment ministries of BRICS countries chaired by the Head of the Brazilian Ministry Marina Silva.

"Upon completion of this work, we will be ready to share the results with you and initiate a discussion on the exchange of best practices and best practices of #BRICS countries," Kushch said at a working group meeting ahead of the ministerial meeting.

Russia proposed to continue discussing technologies at the BRICS Platform for Environmentally Sound Technologies (BEST) and within the framework of the BRICS Clean Rivers Initiative.

#NEWS #Brazil #Russia #sustainability

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Total agricultural exports from BRICS grew by 20% from 2020 to 2022

Given the dependence on agricultural imports for certain BRICS countries, intensifying agricultural trade is a key priority for developing sustainable markets and ensuring food security. BRICS has significant potential to promote international trade in agricultural products, as the group now includes four major food exporters. The total export value of agricultural products from #BRICS has shown an upward trend, rising from USD 119 billion to USD 329 billion in 2022 (Figure 15) (FAOSTAT, n.d.).

From 2020 to 2022, the total agricultural exports from BRICS grew by 20%, a trend partly driven by rising food prices but also reflecting increasing agricultural output and the growing role of BRICS in the global food market.

For more insights on environmental safety and resource abundance within BRICS, explore the exclusive report "BRICS Cooperation Progress According to BTTC Indicator System" prepared by the BRICS Expert Council—Russia’s experts and published on the official website. 

#ANALYTICS #BRICSExpertCouncilRussia #BRICSExpertCouncil #BRICSExpertReport #agriculture #trade


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🇷🇺🇪🇹Russia and Ethiopia: A Partnership Built on Common Ground

Did you know that Russia and Ethiopia share a rich history of cooperation dating back over 125 years? From the Battle of Adwa in 1896 to Ethiopia joining BRICS in 2024, our nations have walked similar paths through history.

✍️In an exclusive interview “Legal Insight” magazine, Russia's Trade Representative in Ethiopia, Yaroslav Tarasyuk, highlights the deep connections between our countries:

🔸Both nations are multinational federations with Orthodox Christian heritage
🔸 We've shared experiences in empire building, socialism, and market economy transitions
🔸Russian expertise has contributed to Ethiopia's development through 43 major projects
🔸Current cooperation spans automotive, energy, chemical, food industries, and digital technologies

📈With Ethiopia now being the fifth largest economy in Africa and growing at 7-8% annually, Russian businesses are finding excellent opportunities in this dynamic market.

Russian companies are actively exploring Ethiopia's special economic zones and industrial parks, particularly in pharmaceuticals, where Ethiopia aims to become a regional production hub.

As Ethiopia continues its impressive economic growth as a new BRICS member, Russia stands ready as a trusted partner in its development journey.

📎Read in full

#RussiaEthiopiaRelations #BRICS #EconomicCooperation #TradePartnership

Indonesia is ready to use its BRICS membership status to expand export markets

Indonesian Deputy Chairman of the People's Consultative Assembly (MPR) Eddy Soeparno emphasised that engaging in trade diplomacy can play an important role in obtaining tariff concessions for several of Indonesia's major exports.

In addition to strengthening trade diplomacy, he emphasised that the government needs to expand Indonesia's export markets:

"At the start of the administration, President Prabowo has acted quickly by joining and becoming a permanent member of #BRICS. Now, it is time to leverage our status as a permanent member of BRICS to expand export markets," he said.

Earlier, Indonesian President Prabowo Subianto met with BRICS NDB President Dilma Rousseff in Jakarta and announced the country's desire to join the New Development Bank (NDB).

#NEWS #Indonesia #NDB

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BRICS international event will gather civil society to discuss global economy

The dialogue "BRICS and the Global Economy: Challenges and Opportunities" will be the first international event organised under the BRICS Finance Pillar. It aims to engage councils, forums, and other civil society organisations from BRICS member countries. The online event will take place on April 16, with registration open to civil society representatives until April 10.

There will be two sessions discussing the integration of #BRICS economies into the global economy, the strengthening of trade and investment among BRICS member countries as drivers of economic growth, strategies to bolster Emerging Markets and Developing Economies (EMDEs), and the priorities of the Finance Pillar during Brasil’s BRICS chairship.

Civil society organisations interested in participating can submit proposals for a three-minute intervention during the second session, "BRICS and Strengthening the Economies of the Global South." Ten proposals will be selected based on their relevance to the session's topics and discussions.

#NEWS #EVENTS #CivilBRICS #finance

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🇷🇺 Victoria Panova, Head of the BRICS Expert Council–Russia, Vice Rector at HSE University, and Russia’s Sherpa in Women’s Twenty (W20) gave a speech during the presentation of a new report, titled "The Evolution of the BRICS Value Platform" at the Valdai Discussion Club:

⚪BRICS does not have any ideological fervour. Unlike alternative blocs that require ideological underpinnings—often highlighting democracy and related political and economic systems—BRICS stands apart.

⚪From the outset, the #BRICS nations did not position themselves as an alternative to the Western world order.

⚪Over time, however, these countries have grown more assured in their belief that they should propose a new framework for global governance, one that would serve as a robust foundation for collaboration.

⚪The world should be sustainable, equitable, and secure for all. These are the guiding principles that propel us forward.

📎 Watch the presentation of the report titled "Evolution of the BRICS Value Platform"

📖 Read the report "Evolution of the BRICS Value Platform"

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Annual bilateral trade flows of ICT goods between the BRICS 5 states have dramatically increased since 2010

Since 2010, annual bilateral trade flows of information and communication technology (ICT) goods within BRICS 5 (Brazil, Russia, India, China, and South Africa) have increased dramatically, mainly thanks to China, which accounts for more than 97% of trade with other #BRICS nations, according to the aggregate indicator of UN Trade and Development (UNCTAD). This indicator encompasses bilateral exports, imports, re-exports, and re-imports of ICT goods, according to the definition of ICT goods adopted by the Organisation for Economic Co-operation and Development (OECD) (see Figure 9).

Within the group, China, India, and Russia have the highest volume of trade flows of ICT goods with other BRICS nations.

For more insights on digital and innovation-driven development within BRICS, explore the exclusive report "BRICS Cooperation Progress According to BTTC Indicator System" prepared by the BRICS Expert Council—Russia’s experts and published on the official website.

#ANALYTICS #BRICSExpertCouncilRussia #BRICSExpertCouncil #BRICSExpertReport #science #innovation #trade

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🇷🇺 Pavel Knyazev, Russia’s Sous-Sherpa to BRICS and Ambassador-at-Large of the Ministry of Foreign Affairs of the Russian Federation @MFARussia gave a speech during the presentation of a new report, titled "The Evolution of the BRICS Value Platform" at the Valdai Discussion Club:

⚪The Russian Foreign Ministry places significant emphasis on grasping various aspects of collaboration within the BRICS framework.

⚪I don't think we should discuss the BRICS value platform. We refrain from labelling concepts like "mutual respect, mutual understanding, sovereign equality, solidarity, openness, inclusiveness, consensus, collaboration, and democracy" as values within BRICS. We reserve the term "values" for other contexts.

⚪Recently, we've witnessed a troubling trend where democracy is overshadowed by value wars. Certain people assert their values as universal, imposing them on others with a moralistic fervour.

⚪BRICS has never defined itself in opposition to others.

⚪This innovative group unites the BRICS nations around a shared aspiration: to forge a fair, multipolar, and multilateral international framework. This vision resonates with countries of the Global South and East.

⚪While the perspectives of BRICS members may occasionally differ and diverge, our declarations are always based on consensus.

⚪One of the guiding principles of BRICS is continuity and consistency in decision-making. Without this principle, we wouldn't be able to implement any agreements.

⚪Each chairship brings new dimensions to BRICS.

⚪BRICS isn't a rigid bloc and doesn't have the "whip" policy that characterises some alliances.

⚪The BRICS partnership principles were established back in 2011 at the Sanya Summit, and they continue to be reflected in our annual declarations.

⚪The language in our final declarations emerges from collective consensus rather than dominance of the chair country. No chairship can impose its wording.

⚪Coordination on international platforms, including the UN, has been a consistent theme in our recent declarations.

⚪The BRICS nations stand united against allowing a select group of states to impose their international agenda.

⚪The G20 is straying from its foundational values. Initially designed to unite key economic players in addressing pressing economic challenges based on consensus, dialogue, and mutual respect, it now faces attempts to politicise its vital work.

📎Watch the presentation of the report titled "Evolution of the BRICS Value Platform"

📖Read the report "Evolution of the BRICS Value Platform"

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Russia's ambassador: Brazilian side has actively taken up the work of the BRICS chairship

The BRICS Foreign Ministers' Meeting will take place on April 28-29 in Rio de Janeiro, and Russia is actively preparing for the event, Russian Ambassador to Brazil Alexey Labetsky said on Tuesday.

"We are actively preparing for the Foreign Ministers' Council meeting, which will be held on April 28-29 in Rio de Janeiro," he said. "Preparations for the April 30 meeting in Brasilia of high-level representatives in charge of security issues are also in our focus. Therefore, we can state without any hesitation that the #BRICS agenda under the Brazilian chairship is very busy."

The Ambassador also noted that the Brazilian side has actively taken up the work of the BRICS chairship:

"We see that they want to carry on with the active course that was established during the chairship of Russia and reflected in the Kazan Declaration, as well as with all of the projects that we are promoting," the ambassador said. "Brazil’s priorities in the expanded bloc are aligned with ours. They are about the health, artificial intelligence, climate and financial issues," he stressed. "The issue of further institutional development of the BRICS format itself has become important from the point of view of the task of working out the interaction in the expanded format."

#NEWS #Brazil #KazanDeclaration

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SCO Considers Market Integration with BRICS

Looking ahead, the markets of the SCO and BRICS may converge, the Secretariat of the Shanghai Cooperation Organisation reported to Izvestia.

"In this regard, the possibility of combining the SCO and BRICS markets is not excluded in the future, but this is a decision of the competent authorities of the respective countries. Currently, the SCO does not have on its agenda the issue of discussing common tariffs and other economic preferences for the countries of the two associations. Again, the decision rests with the leadership of our states," stated the SCO Secretariat.

Victoria Panova, Head of the BRICS Expert Council—Russia and Vice Rector at HSE University, proposed that initial cooperation between the two groups could focus on developing joint plans for information exchange and environmental collaboration.

"These can include adaptation and mitigation of the effects of climate change, the implementation of joint projects for the conservation of biological diversity, waste management and environmental protection, assistance in attracting investments and financing projects and programmes in the field of environmental protection, as well as introduction of new environmentally friendly technologies," said Victoria Panova.

In the field of green finance, both groups could develop mechanisms to provide tax incentives, stimulate the issuance of green bonds and measures to improve the credit rating of issuers. The SCO Business Council and Interbank Consortium could spearhead these efforts on behalf of #SCO, while #BRICS might contribute through green funds and information platforms dedicated to green financing for businesses and NGOs, Victoria summarised.

Currently, the SCO includes Belarus, Russia, India, Kazakhstan, Kyrgyzstan, China, Tajikistan, Uzbekistan, Pakistan and Iran. BRICS comprises Brazil, Russia, India, China, South Africa, UAE, Iran, Ethiopia, Egypt, and Indonesia as full members.

#NEWS #BRICSExpertCouncil #BRICSExpertCouncilRussia #economics #finance

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Could China’s strategic PIVOT to the Global South spell TROUBLE for US?

China could pull off a swift “recalibration” of its overseas trade in response to Donald Trump’s tariff war, veteran financial analyst Paul Goncharoff told Sputnik.

Why Washington should be worried?

🔸 China-BRICS trade is now worth over $1 trillion

🔸 China's trade with Russia reached a record high of $237 billion in 2024, Chinese customs data shows

🔸 China has been diversifying its export markets, with exports to the ASEAN group of nations surging by 12% last year

🔸 China’s Belt and Road Initiative was designed to secure multiple supply chains – many of those are now operational and never extended into the US

If China boosts its exports to non-US markets by 8.5% annually, it could offset its entire exposure to American export volume within just two years, Goncharoff explained.

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