Oreshkin noted the growing role of the BRICS countries in the global economy
The influence of the BRICS countries on the global economy continues to increase. This was stated on April 28 by Maxim Oreshkin, Deputy Chief of Staff of the Presidential Executive Office during the open dialogue "The Future of the World. New Platform for Global Growth."
He clarified that at the beginning of the 21st century, the BRICS countries accounted for less than 25% of the global economy. However, according to the latest data, this figure has increased to a third. Taking into account the states that are gradually joining the bloc, the #BRICS share in global GDP is approaching 50%.
On February 26, the Swiss government stated that the BRICS countries are able to contribute to the stabilisation of the situation in the world, the role of BRICS in the global economy and politics is becoming more significant against the background of Western influence.
#NEWS #economics
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The influence of the BRICS countries on the global economy continues to increase. This was stated on April 28 by Maxim Oreshkin, Deputy Chief of Staff of the Presidential Executive Office during the open dialogue "The Future of the World. New Platform for Global Growth."
He clarified that at the beginning of the 21st century, the BRICS countries accounted for less than 25% of the global economy. However, according to the latest data, this figure has increased to a third. Taking into account the states that are gradually joining the bloc, the #BRICS share in global GDP is approaching 50%.
"And our task is to create conditions for economic growth in these countries to develop actively and consistently," Oreshkin said.
On February 26, the Swiss government stated that the BRICS countries are able to contribute to the stabilisation of the situation in the world, the role of BRICS in the global economy and politics is becoming more significant against the background of Western influence.
#NEWS #economics
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Oreshkin noted the growing role of the BRICS countries in the global economy
The influence of the BRICS countries on the global economy continues to increase. This was stated on April 28 by Maxim Oreshkin, Deputy Head of the Presidential Administration of the Russian Federation, during the open dialogue "The Future of the World. Aβ¦
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President of Congo: The country would like to take its place in BRICS
Congo would like to take its place in the BRICS, the republic sees the benefits of the bloc projects. President Denis Sassou-Nguesso of the Republic of the Congo said in an interview.
The leader is also going to take part in Victory Day celebrations:
#NEWS #Congo #VictoryDay #Summit
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Congo would like to take its place in the BRICS, the republic sees the benefits of the bloc projects. President Denis Sassou-Nguesso of the Republic of the Congo said in an interview.
"I have participated in several BRICS meetings, the most recent of which was held in Russia. We observed that #BRICS is opening its doors to other states and is ready to expand. I believe this is a significant step. In our view, BRICS projects are of interest to Africa and to our country in particular. We believe that, in this context, the Republic of the Congo will be prepared to take its place within BRICS," he said.
The leader is also going to take part in Victory Day celebrations:
"We are going to take part in the parade that will take place on Red Square in honour of the victory. Then, I hope we will hold talks with President Vladimir Putin to review the co-operation between our countries and to outline further plans. However, it is important to stress that 9 May will be a historic day not only for the Russian people but also for the peoples of the whole world who defeated nazism and fascism. We will therefore be happy to celebrate this day in Moscow," Sassou-Nguesso said.
#NEWS #Congo #VictoryDay #Summit
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African Initiative - news agency
"Peace, development and well-being for all peoples". Interview with the President of the Republic of the Congo - African Initiativeβ¦
In June 2024, President Denis Sassou-Nguesso of the Republic of the Congo visited Russia for talks with Vladimir Putin. This marked the sixth visit of the Congolese leader to modern Russia. Earlier, holding various positions β from Minister of Defence ofβ¦
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Lavrov: Russia conducts 90% of its trade with BRICS countries in national currencies
Trade between Russia and other BRICS countries by the end of 2024 by 90% was conducted in national currencies. This was reported by Russian Foreign Minister Sergey Lavrov in an interview with the Brazilian newspaper O Globo.
According to him, in the conditions of fragmentation of the world economy, the countries of the Global South and East are reducing the use of Western currencies in their settlements. Lavrov noted that no one wants to suffer from sanctions that the West imposes against unwanted countries using its monopoly position in financial markets. He considers it unacceptable when reserve currencies are used as a weapon of competition, and payment transactions, even for the supply of socially important goods, are blocked under political pretexts.
The Russian Foreign Minister pointed out that Russia's top priorities include building sustainable payment mechanisms:
#NEWS #Brazil #Brazil #KazanDeclaration
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Trade between Russia and other BRICS countries by the end of 2024 by 90% was conducted in national currencies. This was reported by Russian Foreign Minister Sergey Lavrov in an interview with the Brazilian newspaper O Globo.
"We have been working within BRICS to ensure that there are no disruptions when carrying out payments and have been quite effective in our efforts. To give you an example, the rouble and currencies of our friendly countries accounted for 90 percent of Russiaβs settlements with #BRICS countries in 2024," the minister said.
According to him, in the conditions of fragmentation of the world economy, the countries of the Global South and East are reducing the use of Western currencies in their settlements. Lavrov noted that no one wants to suffer from sanctions that the West imposes against unwanted countries using its monopoly position in financial markets. He considers it unacceptable when reserve currencies are used as a weapon of competition, and payment transactions, even for the supply of socially important goods, are blocked under political pretexts.
The Russian Foreign Minister pointed out that Russia's top priorities include building sustainable payment mechanisms:
"Establishing resilient payment mechanisms is also among our priorities. Adopted in Kazan, the declaration of the BRICS 2024 Summit mentions the Trans-Border Payment Initiative, as well as payment and clearing infrastructure, a re-insurance company, and the New Investment Platform. These initiatives are designed to create favourable conditions for increasing trade and investment within BRICS. Russia hopes that we will continue working on these projects this year as part of Brazilβs chairship," Lavrov stated.
#NEWS #Brazil #Brazil #KazanDeclaration
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Wang: Mutual trust between Russia, China in face of changes in world remains unchanged
Mutual support and trusting relations between Moscow and Beijing remain unaltered in the face of changes in the world, Chinese Foreign Minister Wang Yi told Russian Foreign Minister Sergey Lavrov on the sidelines of the BRICS countriesβ foreign ministers meeting.
Wang highlighted the strategic leadership of Chinese President Xi Jinping and Russian President Vladimir Putin, which "has always been a fundamental guarantee of the high dynamics of Russian-Chinese relations. It is important to make common efforts to translate constantly the important agreements of our leaders into real results," the Chinese Foreign Minister added.
#NEWS #China #RussiaChina #diplomacy
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Mutual support and trusting relations between Moscow and Beijing remain unaltered in the face of changes in the world, Chinese Foreign Minister Wang Yi told Russian Foreign Minister Sergey Lavrov on the sidelines of the BRICS countriesβ foreign ministers meeting.
Wang highlighted the strategic leadership of Chinese President Xi Jinping and Russian President Vladimir Putin, which "has always been a fundamental guarantee of the high dynamics of Russian-Chinese relations. It is important to make common efforts to translate constantly the important agreements of our leaders into real results," the Chinese Foreign Minister added.
According to him, "China and Russia, being the founding countries of the BRICS, should step up coordination of cooperation within the framework of #BRICS. To expand and deepen solidarity and cooperation within the developing world and growing economies, constantly increase the attractive power and authority of the big BRICS, give a powerful impetus to the development and prosperity of the world, and play a role worthy of the BRICS in shaping a fairer, more rational system of global governance," Wang added.
#NEWS #China #RussiaChina #diplomacy
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Mutual trust between Russia, China in face of changes in world remains unchanged β Wang
Wang Yi highlighted the strategic leadership of Chinese President Xi Jinping and Russian President Vladimir Putin, which "has always been a fundamental guarantee of the high dynamics of Russian-Chinese relations
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Russia set to launch six automatic orbiter and lander probes to Moon
Russia is set to launch six automatic orbiter and lander probes to the Moon, State Space Corporation Roscosmos Head Dmitry Bakanov announced on Tuesday.
In addition, Russia plans to deploy an electric power station on the Moon as part of the joint project with China for creating the international lunar station, which has already brought together 13 foreign partners, he said.
The Roscosmos chief suggested that the BRICS countries should pull their efforts together to address it and get closer to the Moonβs real exploration.
#NEWS #space
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Russia is set to launch six automatic orbiter and lander probes to the Moon, State Space Corporation Roscosmos Head Dmitry Bakanov announced on Tuesday.
"Russia plans to launch some space probes for distant and contact explorations of the Moon. These are the orbiter probes Luna-26 and Luna-29 and the lander modules Luna-27 No. 1 and No. 2, Luna-28 and Luna-30 for landing in various parts of the Moonβs surface," the Roscosmos chief said at a meeting of #BRICS space agency heads.
In addition, Russia plans to deploy an electric power station on the Moon as part of the joint project with China for creating the international lunar station, which has already brought together 13 foreign partners, he said.
The Roscosmos chief suggested that the BRICS countries should pull their efforts together to address it and get closer to the Moonβs real exploration.
#NEWS #space
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TASS
Russia set to launch six automatic orbiter and lander probes to Moon β Roscosmos chief
Dmitry Bakanov also said that Russia plans to deploy an electric power station on the Moon as part of the joint project with China for creating the international lunar station
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Expert Dmitry Suslov on reaffirming support for UNSC reform and the candidacies of India and Brazil
Russia has reaffirmed its support for UN Security Council reform and the candidatures of India and Brazil for permanent membership, emphasising the importance of African representation.
Dmitry Suslov, Chief Expert of the βCountry analysis and analysis of BRICS national strategiesβ Working Group of the BRICS Expert Council-Russia and Deputy Director of the Centre for Comprehensive European and International Studies at HSE University, noted that the current composition of permanent members of the UNSC does not reflect the interests of the Global South, while India and Brazil are seen as viable candidates.
The issue of African representation remains unresolved β options with South Africa, Egypt, Ethiopia or rotational representation through the African Union are being discussed. However, the prospect of reform is still dim due to disagreements among the current permanent members and fears of some countries losing influence. Controversies around the rights of future members (e.g. the idea of giving up the veto) could increase divisions in the UN.
π Full commentary is available on the official website of the BRICS Expert Council-Russia
#EXPERT #BRICSExpertCouncil #BRICSExpertCouncilRussia #India #Brazil #UN
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Russia has reaffirmed its support for UN Security Council reform and the candidatures of India and Brazil for permanent membership, emphasising the importance of African representation.
Dmitry Suslov, Chief Expert of the βCountry analysis and analysis of BRICS national strategiesβ Working Group of the BRICS Expert Council-Russia and Deputy Director of the Centre for Comprehensive European and International Studies at HSE University, noted that the current composition of permanent members of the UNSC does not reflect the interests of the Global South, while India and Brazil are seen as viable candidates.
The issue of African representation remains unresolved β options with South Africa, Egypt, Ethiopia or rotational representation through the African Union are being discussed. However, the prospect of reform is still dim due to disagreements among the current permanent members and fears of some countries losing influence. Controversies around the rights of future members (e.g. the idea of giving up the veto) could increase divisions in the UN.
#EXPERT #BRICSExpertCouncil #BRICSExpertCouncilRussia #India #Brazil #UN
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Today, we commemorate a momentous occasionβthe 80th anniversary of victory in World War II. This day stands as a powerful symbol of the heroism and unity displayed by people from diverse nations who fought for peace and freedom. We pay tribute to the brave souls who demonstrated extraordinary courage and resilience during the darkest of times.
We express our deep gratitude to all veterans and citizens whose unwavering dedication contributed to the defence of peace and justice. We firmly believe that the lessons learned from our past serve as a foundation for building a harmonious future and fostering cooperation among our nations.
Happy holiday! May peace, friendship, and mutual understanding forever illuminate our path!
BRICS Expert Council-Russia team
#VictoryDay
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We express our deep gratitude to all veterans and citizens whose unwavering dedication contributed to the defence of peace and justice. We firmly believe that the lessons learned from our past serve as a foundation for building a harmonious future and fostering cooperation among our nations.
Happy holiday! May peace, friendship, and mutual understanding forever illuminate our path!
BRICS Expert Council-Russia team
#VictoryDay
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First Lady of Brazil participated in a round table discussion at HSE University
On May 7, 2025, the First Lady of the Federative Republic of Brazil, Janja Lula da Silva, visited the HSE University, where she met with Rector Nikita Anisimov to discuss Russia-Brazil cooperation in the field of science and education. During the visit, a round table was held on the topic "The Global Alliance against hunger and poverty as a key to modern international cooperation."
At the meeting, Victoria Panova, Head of BRICS Expert Council-Russia, Vice Rector at HSE University, and Russia's Sherpa in the Women's Twenty (W20), emphasised the importance of strategic partnership with Brazil, noting that the country actively expresses the position of the World Majority. She highlighted how the mutual understanding between Brazil and Russia on key international issues creates strong foundations for advancing multipolarity and enhancing scientific, expert, and humanitarian collaboration.
First Lady Lula da Silva shared her deep personal commitment to fighting poverty and hunger, which she considers her life's work. She revealed a special family connection to Russia, mentioning her grandmother's Moscow roots, which made her visit particularly meaningful.
#BRICSExpertCouncil #BRICSExpertCouncilRussia #Brazil #HSEUniversity
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On May 7, 2025, the First Lady of the Federative Republic of Brazil, Janja Lula da Silva, visited the HSE University, where she met with Rector Nikita Anisimov to discuss Russia-Brazil cooperation in the field of science and education. During the visit, a round table was held on the topic "The Global Alliance against hunger and poverty as a key to modern international cooperation."
At the meeting, Victoria Panova, Head of BRICS Expert Council-Russia, Vice Rector at HSE University, and Russia's Sherpa in the Women's Twenty (W20), emphasised the importance of strategic partnership with Brazil, noting that the country actively expresses the position of the World Majority. She highlighted how the mutual understanding between Brazil and Russia on key international issues creates strong foundations for advancing multipolarity and enhancing scientific, expert, and humanitarian collaboration.
First Lady Lula da Silva shared her deep personal commitment to fighting poverty and hunger, which she considers her life's work. She revealed a special family connection to Russia, mentioning her grandmother's Moscow roots, which made her visit particularly meaningful.
#BRICSExpertCouncil #BRICSExpertCouncilRussia #Brazil #HSEUniversity
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Keep in touch with BRICS
We are pleased to announce the launch of a digest on the BRICS Expert Council-Russia channel! In each issue we will share relevant news about BRICS.
Keep up to date with the latest information on BRICS with us!
#BRICSExpertCouncilDIGEST
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We are pleased to announce the launch of a digest on the BRICS Expert Council-Russia channel! In each issue we will share relevant news about BRICS.
Keep up to date with the latest information on BRICS with us!
#BRICSExpertCouncilDIGEST
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BRICS membership:
βͺ Nicaragua wants to become a BRICS member in 2025 or 2026
βͺ Serbia does not give up plans to join BRICS
βͺ Thailand has asked Russia for help in getting BRICS membership status
BRICS co-operation:
βͺ Cuba's BRICS membership opens new opportunities
βͺ Venezuela to give BRICS priority in oil and gas projects
βͺ China and Russia will continue to deepen cooperation in BRICS
Expert opinions:
βͺ Victoria Panova assessed the outcome of the talks between the leaders of Russia and China
βͺ Oksana Lut said that Russia may discuss creation of BRICS grain exchange at SPIEF
βͺ Dmitry Suslov emphasised that India, Brazil and Africa's support in UNSC reflects BRICS aspirations for a just global order
βͺ Timofey Bordachev noted that BRICS countries strengthen cooperation in the scientific sphere
βͺ Alexander Daniltsev highlighted that trade between Russia and UAE growing at high rates
#BRICSExpertCouncilDIGEST
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BRICS co-operation:
Expert opinions:
#BRICSExpertCouncilDIGEST
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Nicaragua expects to join BRICS this year or next
Nicaragua continues to express interest in cooperation with BRICS and will seek inclusion in the association during this or the next presidency. This was stated to Izvestia by Laureano Ortega, special representative of the President of Nicaragua for the developmentβ¦
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In touch with BRICS: news digest for 14 May
βͺ Russia has proposed to the BRICS countries to create an Association of Ethnic and Enogastronomical Tourism
βͺ A ceremony was held in Tehran to finalise the second stage of integration of the Russian and Iranian payment systems Mir and Shetab
βͺ Brazil to work with China to strengthen the voice of the Global South
βͺ Vladimir Putin and Anwar Ibrahim discuss how Malaysia can become a full member of BRICS
βͺ NDB President Dilma Rousseff emphasised the bank's contribution to the development of the Global South
#BRICSExpertCouncilDIGEST
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#BRICSExpertCouncilDIGEST
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Generation BRICS pinned Β«Keep in touch with BRICS We are pleased to announce the launch of a digest on the BRICS Expert Council-Russia channel! In each issue we will share relevant news about BRICS. Keep up to date with the latest information on BRICS with us! #BRICSExpertCouncilDIGESTβ¦Β»
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In touch with BRICS: news digest for 15 May
βͺ BRICS countries approved a work plan to reduce the risk of climate disasters
βͺ Mexico considers strengthening relations with the BRICS countries
βͺ II BRICS Women's Entrepreneurship Forum will play an important role in strengthening mutually beneficial ties among the bloc countries
βͺ BRICS countries agreed to promote co-operation in transport and sustainable mobility
βͺ BRICS countries endorsed the Cerrado Declaration on Sustainable Tourism Development
#ExpertCouncilDIGEST
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#ExpertCouncilDIGEST
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BRICS leaders' presence at Victory Day Parade signals solidarity with Russia and commitment to multipolar world order
The Victory Day Parade was an important foreign policy signal confirming the BRICS' refusal to isolate Russia and emphasising its role in the Global Majority. This opinion was expressed by Dmitry Suslov, Chief Expert of the "Country analysis and analysis of BRICS national strategies" Working Group at BRICS Expert Council-Russia, Deputy Director of the Centre for Comprehensive European and International Studies at HSE University.
Bilateral negotiations, particularly with China, strengthened relations within #BRICS and confirmed the high degree of trust between Moscow and Beijing. Dmitry Suslov noted that BRICS demonstrates resilience and aims at shaping a just, multi-centred international order.
π Full article is available on the official website of the BRICS Expert Council-Russia
#EXPERT #BRICSExpertCouncil #BRICSExpertCouncilRussia #VictoryDay
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The Victory Day Parade was an important foreign policy signal confirming the BRICS' refusal to isolate Russia and emphasising its role in the Global Majority. This opinion was expressed by Dmitry Suslov, Chief Expert of the "Country analysis and analysis of BRICS national strategies" Working Group at BRICS Expert Council-Russia, Deputy Director of the Centre for Comprehensive European and International Studies at HSE University.
Bilateral negotiations, particularly with China, strengthened relations within #BRICS and confirmed the high degree of trust between Moscow and Beijing. Dmitry Suslov noted that BRICS demonstrates resilience and aims at shaping a just, multi-centred international order.
#EXPERT #BRICSExpertCouncil #BRICSExpertCouncilRussia #VictoryDay
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In touch with BRICS: news digest for May 16
βͺ Colombia is starting the process of joining the New Development Bank of BRICS
βͺ Russia to expand the geography of flights with the BRICS countries
βͺ Belarus counts on UAEβs support in obtaining BRICS member status
β China and BRICS members address US tariff impact
#ExpertCouncilDIGEST
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#ExpertCouncilDIGEST
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In touch with BRICS: news digest for May 17
β BRICS represents new initiative as cohesive force within Global South
β The #BRICS countries have decided to support cities in decarbonisation
β China's experience in science offers an alternative to the countries of the Global South and can be used through mechanisms such as BRICS
β Boris Titov also proposes to create a Union of Winemakers within the framework of BRICS
#ExpertCouncilDIGEST
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#ExpertCouncilDIGEST
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In touch with BRICS: news digest for May 18
β CIS countries seek co-operation with BRICS
β BRICS Media Summit may become a platform for the formation of new journalistic organisations
β BRICS Women's Business Alliance regional office to open in Myanmar
β Brazil and China join forces to counter US trade policies by signing agreements among BRICS countries
#ExpertCouncilDIGEST
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#ExpertCouncilDIGEST
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In touch with BRICS: news digest for May 19
βͺ Systemic dialogue between the EAEU and BRICS will help develop industrial cooperation
βͺ Kenya to gain new opportunities if it joins BRICS
βͺ BRICS scientists meet in Brazil to prioritise joint research in neuroscience and biotechnology
βͺ Indonesia supports Thailandβs efforts to be a BRICS member
#ExpertCouncilDIGEST
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#ExpertCouncilDIGEST
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Expert view: Malaysia seeks partnership with BRICS
Alexander Korolev, political scientist, Candidate of Sciences (PhD) in Political Science, and Deputy Director of the Centre for Comprehensive European and International Studies (CCEIS) at HSE University, highlighted a pivotal foreign policy event of the week: Malaysian Prime Minister Anwar Ibrahim's visit to Russia which took place from May 13 to 16, 2025.
According to Dr Korolev, the discussions between the Malaysian leader and Russian President Vladimir Putin, along with Russian Prime Minister Mikhail Mishustin, held special significance. During these talks, Anwar Ibrahim articulated Malaysia's keen interest in deeper integration with BRICS and its readiness to forge a strategic partnership with its member nations. The Russian side reciprocated, expressing a strong commitment to facilitate Malaysia's inclusion in the #BRICS agenda as a partner state.
Alexander Korolev emphasised that beyond its political and diplomatic significance, the Malaysian Prime Minister's visit took on a vital substantive dimension. Anwar Ibrahim actively promoted topics focused on innovations, including the development of artificial intelligence, digitalisation of public administration, climate technologies, and Islamic banking. These areas could emerge as vital components of the BRICS agenda moving forward, enhancing the group's relevance and depth.
He pointed out that BRICS has the potential to pioneer international discussions on new strategies for climate regulation and artificial intelligence management, making the integration of such initiatives particularly timely.
This text reflects the personal opinion of the author, which may not align with the position of the BRICS Expert Council-Russia.
#EXPERT #Malaysia #RussiaMalaysia #politics
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Alexander Korolev, political scientist, Candidate of Sciences (PhD) in Political Science, and Deputy Director of the Centre for Comprehensive European and International Studies (CCEIS) at HSE University, highlighted a pivotal foreign policy event of the week: Malaysian Prime Minister Anwar Ibrahim's visit to Russia which took place from May 13 to 16, 2025.
According to Dr Korolev, the discussions between the Malaysian leader and Russian President Vladimir Putin, along with Russian Prime Minister Mikhail Mishustin, held special significance. During these talks, Anwar Ibrahim articulated Malaysia's keen interest in deeper integration with BRICS and its readiness to forge a strategic partnership with its member nations. The Russian side reciprocated, expressing a strong commitment to facilitate Malaysia's inclusion in the #BRICS agenda as a partner state.
Alexander Korolev emphasised that beyond its political and diplomatic significance, the Malaysian Prime Minister's visit took on a vital substantive dimension. Anwar Ibrahim actively promoted topics focused on innovations, including the development of artificial intelligence, digitalisation of public administration, climate technologies, and Islamic banking. These areas could emerge as vital components of the BRICS agenda moving forward, enhancing the group's relevance and depth.
"Russia's BRICS partners are actively seeking digital transformation, AI solutions, and innovative frameworks within the group," the expert observed.
He pointed out that BRICS has the potential to pioneer international discussions on new strategies for climate regulation and artificial intelligence management, making the integration of such initiatives particularly timely.
This text reflects the personal opinion of the author, which may not align with the position of the BRICS Expert Council-Russia.
#EXPERT #Malaysia #RussiaMalaysia #politics
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Generation BRICS
Expert view: Malaysia seeks partnership with BRICS Alexander Korolev, political scientist, Candidate of Sciences (PhD) in Political Science, and Deputy Director of the Centre for Comprehensive European and International Studies (CCEIS) at HSE University,β¦
Expert view: Russia and Iran forge alternative payment architecture
Alexander Korolev, political scientist, Candidate of Sciences (PhD) in Political Science, and Deputy Director of the Centre for Comprehensive European and International Studies (CCEIS) at HSE University, highlighted that along with Anwar Ibrahim's visit, the successful completion of the second stage in integrating the MIR (Russia) and Shetab (Iran) payment systems was another important event. This milestone marks a crucial achievement as both nations are members of BRICS and actively champion the establishment of an alternative payment architecture.
While the integration is still unfolding on a bilateral level, its potential for replication and expansion is substantial. If executed successfully, the experience of Russia and Iran could serve as a model for countries like China, India, Indonesia, and other Southeast Asian partners. A key element in this process is the adoption of modern technological solutions, such as QR codes and digital identifiers, which transforms the initiative into a blend of financial and technological innovation.
Thus, both eventsβAnwar Ibrahimβs visit and the advanced integration of payment systemsβsignal that #BRICS is evolving to a new stage: transitioning from political dialogue and coordination to tangible strategic content and the establishment of a functional infrastructure for a future multipolar world.
This text reflects the personal opinion of the author, which may not align with the position of the BRICS Expert Council-Russia.
#EXPERT #Iran #RussiaIran #finance
π π π
Alexander Korolev, political scientist, Candidate of Sciences (PhD) in Political Science, and Deputy Director of the Centre for Comprehensive European and International Studies (CCEIS) at HSE University, highlighted that along with Anwar Ibrahim's visit, the successful completion of the second stage in integrating the MIR (Russia) and Shetab (Iran) payment systems was another important event. This milestone marks a crucial achievement as both nations are members of BRICS and actively champion the establishment of an alternative payment architecture.
"Among all BRICS countries, Russia and Iran are at the forefront, vigorously advocating for not only a shift to alternative currencies and de-dollarisation but also the development of a new payment system within BRICS," emphasised Alexander Korolev.
While the integration is still unfolding on a bilateral level, its potential for replication and expansion is substantial. If executed successfully, the experience of Russia and Iran could serve as a model for countries like China, India, Indonesia, and other Southeast Asian partners. A key element in this process is the adoption of modern technological solutions, such as QR codes and digital identifiers, which transforms the initiative into a blend of financial and technological innovation.
Thus, both eventsβAnwar Ibrahimβs visit and the advanced integration of payment systemsβsignal that #BRICS is evolving to a new stage: transitioning from political dialogue and coordination to tangible strategic content and the establishment of a functional infrastructure for a future multipolar world.
This text reflects the personal opinion of the author, which may not align with the position of the BRICS Expert Council-Russia.
#EXPERT #Iran #RussiaIran #finance
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In touch with BRICS: news digest for May 20
βͺ BRICS New Development Bank emerges as new pillar of global economic cooperation
βͺ Congolese women entrepreneurs shine: BRICS opens the doors to success
βͺ Africaβs largest natural gas exporter Algeria sparks interest in joining #BRICS
βͺ The international Arctic station "Snezhinka" on Yamal may become a joint project of the BRICS countries
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