Vladimir Putin establishes national committee on BRICS business cooperation

Russian President Vladimir Putin has signed a decree establishing the National Committee for Business Cooperation within BRICS. Maxim Oreshkin, Deputy Chief of Staff of the Presidential Executive Office, has been appointed to supervise the committee.

According to the decree, Oreshkin will have two months to approve the committee's membership. Its primary objective will be to facilitate contacts between the business community and federal executive bodies involved in developing bilateral business cooperation within BRICS on behalf of Russia.

#NEWS

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Russian Foreign Minister and BRICS ambassadors discussed the role of Global Majority nations

Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, met with ambassadors from the BRICS member and partner countries to discuss strengthening the role of Global Majority states in international decision-making, the Russian Foreign Ministry reported.

"Current issues on the global agenda were discussed, with emphasis on the inadmissibility of undermining the UN's central role. The need for joint efforts to reform the global governance system and enhance the influence of Global Majority countries in international decision-making was underscored," the ministry's website stated.

The participants also reaffirmed their commitment to increasing coordination among the #BRICS members in international forums.

"A substantive exchange of views took place on strengthening strategic partnership within the group, including in the context of the priorities outlined by India for its BRICS Chairship this year," the statement noted.

#NEWS #UN #India

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Madagascar intends to seek Russia's support for joining BRICS

Madagascar's interim President, Michael Randrianirina, plans to secure Russia's support for the country's bid to join BRICS.

Madagascar's accession to BRICS is expected to be a key topic during Randrianirina's upcoming meeting in Moscow with Russian President Vladimir Putin. Other items on the agenda include agreements on economic cooperation—particularly in energy—as well as mineral extraction.

#NEWS #Madagascar #diplomacy

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Lula da Silva: BRICS strengthening could change the foundations of world trade

The active involvement of newly joined members in BRICS could have a positive impact on the dynamics of international trade and reshape its foundations. This opinion was expressed by Brazilian President Luiz Inácio Lula da Silva.

"Half of humanity will participate in #BRICS activities, and a significant portion of GDP will be in BRICS. Then it will be possible to establish a new dynamic in trade policy, as well as in cultural policy and relations between states," he said.

According to him, Brazil upholds the principles of multilateralism in world trade and does not intend to review its relations with priority partners.

"Brazil does not want a second Cold War. Brazil wants to trade with the United States, with China, with India, with Russia. I am an advocate of free trade, multilateralism and harmony between nations," he said. "That is why I am a staunch supporter of BRICS."

#NEWS #Brazil

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In touch with BRICS: news digest

BRICS in motion—capturing the most consequential developments

✔Russian ambassador praises Indonesia's contribution to BRICS

✔Russian Deputy Foreign Minister and Indian Ambassador discussed BRICS cooperation

✔Vladimir Putin establishes national committee on BRICS business cooperation

✔Russian Foreign Minister and BRICS ambassadors discussed the role of Global Majority nations

✔Madagascar intends to seek Russia's support for joining #BRICS

✔Lula da Silva stated that BRICS strengthening could change the foundations of world trade

#BRICSExpertCouncilDIGEST

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Putin: Russia is ready to develop bioeconomy programmes within BRICS

Russia is prepared to launch joint bioeconomy initiatives within the BRICS framework, Russian President Vladimir Putin announced.

"Through bilateral cooperation within #BRICS and other groups, we are ready to implement joint research, educational, and investment programmes in biotechnology—for the benefit of all humanity," Putin stated during the plenary session of the Future Technologies Forum.

The Future Technologies Forum has been held annually in Moscow since 2023, showcasing cutting‑edge technologies and scientific innovations that will shape key economic sectors in the years ahead. In 2024, the forum focused on the medicine of the future; in 2025, the spotlight was on new materials and chemistry.

#NEWS #technology

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Victoria Panova to speak on BRICS agenda at the Raisina Dialogue 2026

The Raisina Dialogue, India’s leading annual forum on geopolitics and geoeconomics, will once again gather global policymakers, experts, and thought leaders in New Delhi under the theme Saṁskāra: Assertion, Accommodation, Advancement. The conference is organised by the Observer Research Foundation in partnership with the Ministry of External Affairs of India.

A dedicated #BRICS pillar within the programme will address the evolving architecture of the emerging world order and the growing role of the Global South as a coalition shaping a more balanced system of global governance.

Victoria Panova, Head of the BRICS Expert Council-Russia, Vice Rector at HSE University, and Russia's Sherpa in the Women 20 (W20), will participate as a speaker. She will contribute to discussions on BRICS cooperation, institutional development, and the group's strategic agenda in a transforming international landscape.

#NEWS #India #diplomacy

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Russia strengthens digital sovereignty and technological cooperation within BRICS

Russia plans to achieve independence from the global internet infrastructure by 2028, according to the Russian Association for Electronic Communications. By that date, the registry of domestically produced software is expected to expand to 30,000 titles, and the share of Russian Elbrus and Baikal processors is projected to cover 50% of critical information infrastructure needs.

Nevertheless, some dependence on technology supplies from China and India will likely persist. In this context, expanding scientific and technical cooperation within #BRICS is increasingly important—particularly in the fields of artificial intelligence, microelectronics, and cybersecurity.

The pursuit of digital sovereignty is viewed as an integral part of building a more resilient and multipolar technological architecture, with the BRICS countries strengthening collaboration in response to the growing fragmentation of the global digital space.

#NEWS #technology

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In touch with BRICS: news digest

BRICS in motion—capturing the most consequential developments

✔Putin stated that Russia is ready to create bioeconomics programs within the framework of BRICS

✔Victoria Panova will perform at the Raisina Dialogue conference with a report on the #BRICS agenda

✔Russia is strengthening digital sovereignty and technological cooperation within the framework of BRICS

#BRICSExpertCouncilDIGEST

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BRICS cooperation seen as key to South Africa's energy development

Ahead of the Africa Energy Indaba 2026 in Cape Town, Brian Statham, former Executive Chairman of the South African National Energy Association (SANEA), emphasised that energy sovereignty and regional integration are central to Africa's long-term development.

He noted that the Indaba has grown into a major continental platform, bringing together representatives from 37 African countries to facilitate dialogue and practical cooperation across the energy sector.

Statham underscored the strategic importance of South Africa's engagement within #BRICS, highlighting the technological strengths of member states—including Brazil's progress in gas‑powered mobility, China's expansion of universal energy access, and Russia's advanced nuclear capabilities—as a foundation for deeper knowledge exchange and a more balanced, industrially aligned energy transition.

#NEWS #SouthAfrica #technology #energy

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Russian Ministry of Finance supported India's proposal to expand BRICS cooperation in insurance

The Russian Ministry of Finance expressed support for India's proposal to broaden cooperation in the insurance sector and create a dedicated forum for pension system regulators across the BRICS countries. This was announced by Russian Deputy Finance Minister Ivan Chebeskov.

"We support such socially oriented initiatives and are ready to share our national experience in developing a voluntary retirement pay mechanism, which was implemented through the Long‑Term Savings Programme," Chebeskov stated.

Under India's Chairship in #BRICS, plans include continuing efforts to strengthen tax and customs cooperation, boost investment in infrastructure, establish a new investment platform, and develop a multilateral guarantee mechanism. Meeting participants also reaffirmed their commitment to coordinating positions on reforming the governance of international financial institutions and advancing global economic development.

#NEWS #finance

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⚡ Representatives of Civil BRICS Council condemn illegitimate actions against Iran

📎 Read the full statement here

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🇷🇺🇮🇳🇨🇳 Within this fluid international landscape, the RIC triangle, despite its informal character and internal contradictions, offers a potential stabilising core for the emerging Asian order.

Today’s multipolarity is characterised by cooperation, competition, and confrontation, with states participating in multiple, contradictory institutional alignments. China and India collaborate within BRICS+ while facing off across the Himalayas.

Russia aligns with Beijing while partnering with Delhi. The United States competes with China while probing the G2 concept.

The RIC grouping possesses three distinguishing attributes: civilisational depth spanning millennia, continental centrality bridging Eurasia and the Indo-Pacific, and shared impulses toward strategic autonomy in resisting hierarchical alliances.

 
Instead of advocating for competing visions, Russia, India and China must explore interoperability standards, joint financing for third-country projects, and complementary corridor development.

RIC must remain issue-based rather than evolving into a formal alliance, preserving utility while avoiding a bloc formation that could trigger balancing responses, writes Maj Gen (Retd) BK Sharma.

https://valdaiclub.com/a/highlights/ric-the-russia-india-china-construct/

#PolycentricityDivercity #RIC #Russia #India #China

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New issue of the Contemporary World Economy journal is out

The 4th issue of the Contemporary World Economy journal, published by the School of World Economy at HSE University, focuses on the transformation of the international financial system and the role of the BRICS countries within this process.

The guest editor for this issue is Alexandra Morozkina (HSE University, Eurasian Fund for Stabilisation and Development). The volume draws on research conducted as part of the project "Approaches to an Alternative International Financial System" under HSE University's International Academic Cooperation initiative. It brings together contributions from authors based in Russia, Brazil, South Africa, and Malaysia, offering perspectives on de-dollarisation, digital currencies, and the emerging financial order—both through theoretical analysis and country specific case studies.

In this issue, Anastasia Podrugina and Violetta Romanova (HSE University) examine the expanding architecture of de-dollarisation across the BRICS countries. Bruno de Conti (University of Campinas, Brazil) analyses BRICS-led initiatives aimed at transforming the global monetary and financial system. Ravinder Rena, Linda Paul, and Fulufhelo Netswera (Durban University of Technology, South Africa) explore how de-dollarisation policies within BRICS are reshaping the concept of monetary sovereignty. Artem Levenkov (Eurasian Fund for Stabilisation and Development) considers the role of regional financial mechanisms in the broader global financial architecture. Yuliya Mamaeva (Institute of China and Contemporary Asia, Russian Academy of Sciences) examines the internationalisation of the Chinese yuan. Fui Soong (Institute of Strategic Analysis and Policy Research (INSAP), Malaysia) discusses the evolution of Malaysia's digital currency ecosystem. The issue concludes with a review of the XIII Annual International Conference on the World Economy, held at HSE University.

📎 Full-text issue (in Russian) is available here

#ANALYTICS

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