Generation BRICS pinned «The BRICS Expert Council—Russia presented the results of BRICS cooperation progress Posts featuring analysis from the exclusive report "BRICS Cooperation Progress According to BTTC Indicator System", prepared by the BRICS Expert Council – Russia and published…»
MFA: Senegal conducting negotiations on joining BRICS
Senegal intends to join BRICS and it is conducting negotiations with members of the bloc, the country’s Foreign Minister Yassine Fall said.
Senegal is able to play a positive role in the bloc, the minister added:
Brazil took over BRICS chairship from Russia on January 1, 2025. At a BRICS Summit in Kazan, Russia in October 2024, it was decided to establish a category of BRICS partner countries. The first countries to become partners were Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Thailand, Uganda and Uzbekistan. Indonesia was also initially named as a BRICS partner, but on January 6, Brazil announced that the Asian country had been given a status of full member. On January 17, Brazil’s Foreign Ministry said that Nigeria had joined BRICS as a partner.
#NEWS #Senegal #diplomacy
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Senegal intends to join BRICS and it is conducting negotiations with members of the bloc, the country’s Foreign Minister Yassine Fall said.
"Senegal is one of the countries, which liked the creation of BRICS, and which are conducting negotiations with this group of countries to become its part," she stated.
Senegal is able to play a positive role in the bloc, the minister added:
"Senegal may contribute to #BRICS due to its stability, resources, and the wish to develop industry," she noted, adding that the BRICS format provides "more space for exchange of views and access to commercial resources."
Brazil took over BRICS chairship from Russia on January 1, 2025. At a BRICS Summit in Kazan, Russia in October 2024, it was decided to establish a category of BRICS partner countries. The first countries to become partners were Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Thailand, Uganda and Uzbekistan. Indonesia was also initially named as a BRICS partner, but on January 6, Brazil announced that the Asian country had been given a status of full member. On January 17, Brazil’s Foreign Ministry said that Nigeria had joined BRICS as a partner.
#NEWS #Senegal #diplomacy
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TASS
Senegal conducting negotiations on joining BRICS — MFA
Senegal is able to play a positive role in the association, the country’s Foreign Minister Yassine Fall said
Russian Foreign Minister Sergey Lavrov: countries outside BRICS to have access to group's payment platforms
Non-BRICS member states will be able to get access to alternative payment platforms being developed in the bloc. This was stated by Russian Foreign Minister Sergey Lavrov at a press conference following the meeting of the Council of Foreign Ministers of the Commonwealth of Independent States (CIS).
He noted that the share of national currencies in Russia's trade with CIS countries is 85 per cent, and the figures are growing. The Minister added that there is also a possibility to form independent payment systems, and one of the options is the system of transmission of financial messages of the Central Bank of the Russian Federation.
As a result, the ministers approved a draft decision of the heads of government on the CIS Volunteers Forum and a number of other documents. It is also planned to establish a badge "For the development of tourism in the CIS".
#NEWS #CIS #finance
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Non-BRICS member states will be able to get access to alternative payment platforms being developed in the bloc. This was stated by Russian Foreign Minister Sergey Lavrov at a press conference following the meeting of the Council of Foreign Ministers of the Commonwealth of Independent States (CIS).
"There are a number of other initiatives that are being considered, including within the #BRICS framework, where Brazil has proposed, and such work is now underway, to think about the formation of alternative payment platforms", Lavrov stated.
He noted that the share of national currencies in Russia's trade with CIS countries is 85 per cent, and the figures are growing. The Minister added that there is also a possibility to form independent payment systems, and one of the options is the system of transmission of financial messages of the Central Bank of the Russian Federation.
As a result, the ministers approved a draft decision of the heads of government on the CIS Volunteers Forum and a number of other documents. It is also planned to establish a badge "For the development of tourism in the CIS".
#NEWS #CIS #finance
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TV BRICS
Russian Foreign Minister Sergey Lavrov: countries outside BRICS to have access to group's payment platforms | TV BRICS, 11.04.25
Non-BRICS member states will be able to get access to alternative payment platforms being developed in the association.
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Forwarded from Russian Embassy, Sweden
🎙️Interview of Russia’s Ambassador to Sweden Sergey Belyaev with SwebbTV (April 12, 2025)
Key points:
#RussiaSweden
🔹 We have had communication with Sweden for more than a thousand years. And the Russian Embassy in Stockholm was one of the first Russian missions abroad. And of course we had different periods of time. But we managed to have relations and to keep open channels of communication.
🔹 Finland and Sweden joined NATO. It's a reality. And the issue is that now the decision about peace of war do not belong to Helsinki and Stockholm. And that's why the security of these countries are not only in their hands. And of course we will analyze this. Of course there will be steps, also military steps, preparing to different, as you imagine, scenarios. But I do not see the situation when we will demand that Sweden should went out of NATO. It's speculation. Russia has no intention to invade, for example, Gotland. But researchers and journalists in Sweden develop different scenarios how it can happen. And then they begin to believe themselves that Russia is threatening Sweden.
🔹 You should not feel nervous. The case is that during the whole history of mankind, it's better to improve your security by political and diplomatic means than to prepare to war.
#BalticSea
🔹In the Baltic Sea, for years, we developed international cooperation to achieve the safety of shipments.
🔹 My hope is that sometime we will be able to restore cooperation. It is very difficult to do now after a very deep lack of confidence between Europe and the Russian Federation. I suppose that it will be very difficult if possible at all to restore it. But at least we should remember that our disputes, our different opinions should not lead to confrontation.
#MultipolarWorld
🔹 Our politics is developing very much towards Asia, Africa, and Latin America. BRICS is developing very rapidly. We have now 11 countries. And many countries are willing to join. And now this so-called G7 represents only 30% of global GDP. And BRICS represents 38%.
🔹We really have very close relations of cooperation with China, it's really strategic, Our trade with China is now more than $230 billion in our match.And for example, the Chinese are very interested in developing cooperation in the Arctic areas, Russia is one of the best countries in this field.
#NATO
🔹There were a lot of countries that tried to invade Russia, and we have a great experience, unfortunately, of such confrontation. When there was unification of Germany, and the Soviet Union gave its permission to support this unification, because we were promised that NATO will not enlarge. But then we know what happened. NATO was coming closer and closer to the Russian borders.
🔹 And of course, when we see that the military alliance is enlarging and coming actually to our borders, we have to think why it happens. And we speak about this with partners from the West, beginning with year 2007, when it was this famous speech of President Putin, that security should be comprehensive, that no-one should build his security on the security of the others.
🔹 It's rather funny to see how Baltic states try to prove that they will be the next ones. Russia has no intention to invade in Baltic states. No intention to invade in Finland or Sweden.Baltic states joined NATO many years before. Sweden has joined now. And of course we have to analyze what does it mean from the point of view of our security and how we should react.But I exclude the possibility that Russia will invade to some neighbour country.We are not interested in wars as a country or as people.
Watch in full
Key points:
#RussiaSweden
🔹 We have had communication with Sweden for more than a thousand years. And the Russian Embassy in Stockholm was one of the first Russian missions abroad. And of course we had different periods of time. But we managed to have relations and to keep open channels of communication.
🔹 Finland and Sweden joined NATO. It's a reality. And the issue is that now the decision about peace of war do not belong to Helsinki and Stockholm. And that's why the security of these countries are not only in their hands. And of course we will analyze this. Of course there will be steps, also military steps, preparing to different, as you imagine, scenarios. But I do not see the situation when we will demand that Sweden should went out of NATO. It's speculation. Russia has no intention to invade, for example, Gotland. But researchers and journalists in Sweden develop different scenarios how it can happen. And then they begin to believe themselves that Russia is threatening Sweden.
🔹 You should not feel nervous. The case is that during the whole history of mankind, it's better to improve your security by political and diplomatic means than to prepare to war.
#BalticSea
🔹In the Baltic Sea, for years, we developed international cooperation to achieve the safety of shipments.
🔹 My hope is that sometime we will be able to restore cooperation. It is very difficult to do now after a very deep lack of confidence between Europe and the Russian Federation. I suppose that it will be very difficult if possible at all to restore it. But at least we should remember that our disputes, our different opinions should not lead to confrontation.
#MultipolarWorld
🔹 Our politics is developing very much towards Asia, Africa, and Latin America. BRICS is developing very rapidly. We have now 11 countries. And many countries are willing to join. And now this so-called G7 represents only 30% of global GDP. And BRICS represents 38%.
🔹We really have very close relations of cooperation with China, it's really strategic, Our trade with China is now more than $230 billion in our match.And for example, the Chinese are very interested in developing cooperation in the Arctic areas, Russia is one of the best countries in this field.
#NATO
🔹There were a lot of countries that tried to invade Russia, and we have a great experience, unfortunately, of such confrontation. When there was unification of Germany, and the Soviet Union gave its permission to support this unification, because we were promised that NATO will not enlarge. But then we know what happened. NATO was coming closer and closer to the Russian borders.
🔹 And of course, when we see that the military alliance is enlarging and coming actually to our borders, we have to think why it happens. And we speak about this with partners from the West, beginning with year 2007, when it was this famous speech of President Putin, that security should be comprehensive, that no-one should build his security on the security of the others.
🔹 It's rather funny to see how Baltic states try to prove that they will be the next ones. Russia has no intention to invade in Baltic states. No intention to invade in Finland or Sweden.Baltic states joined NATO many years before. Sweden has joined now. And of course we have to analyze what does it mean from the point of view of our security and how we should react.But I exclude the possibility that Russia will invade to some neighbour country.We are not interested in wars as a country or as people.
Watch in full
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Forwarded from TASS Russian news agency
A sailing yacht with Russian-Brazilian crew on board under the flag of BRICS, set sail from the Brazilian city of Salvador to begin circumnavigation of the Earth, said Ivan Krott, who heads the Omsk branch of the Russian Geographical Society.
"Fraternity-2025 is not just a circumnavigation journey, it’s a symbol of unity in culture, science and international cooperation. Under the flags of the Russian Geographical Society and BRICS, its Russian-Brazilian crew will bridge continents, cross oceans and promote the importance of dialogue between nations," Krott said.
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Moscow will discuss the challenges facing the BRICS countries in the dollar-centric monetary system
On 16 April, on the margins of the 25th Yasin (April) International Academic Conference, a round table "Approaches to a BRICS-centric International Monetary System" will be held. The roundtable is organised by the BRICS Expert Council —Russia and will be held within the framework of the International Thematic Group "Economics" of the BRICS Network University ITG.
The experts will discuss:
🕊 What are the solutions to the challenges faced by the BRICS countries in the dollar-centred monetary system?
🕊 Creating a BRICS unit of account — an impossible plan or a real possibility?
🕊 What are the ways to improve the liquidity of national currencies within the BRICS interaction?
🕊 What is the potential role of development institutions in reforming the international monetary system?
The discussion will bring together experts from Brazil, Russia, India, South Africa, Malaysia.
📍 16 April, Wednesday
🔥 10:00-11:30 (UTC+3)
🗣️ face-to-face format, English language
#BRICSExpertCouncil #BRICSExpertCouncilRussia #HSEUniversity #finance
🕊 🕊 🕊
On 16 April, on the margins of the 25th Yasin (April) International Academic Conference, a round table "Approaches to a BRICS-centric International Monetary System" will be held. The roundtable is organised by the BRICS Expert Council —Russia and will be held within the framework of the International Thematic Group "Economics" of the BRICS Network University ITG.
The experts will discuss:
The discussion will bring together experts from Brazil, Russia, India, South Africa, Malaysia.
#BRICSExpertCouncil #BRICSExpertCouncilRussia #HSEUniversity #finance
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US tariff policy could create new opportunities for Russia, India
Higher US tariffs on other countries, including India, could create new opportunities for developing Russia-India economic cooperation, Russian Deputy Economic Development Minister Vladimir Ilyichev said.
Asked how the US tariffs could impact Russia, the minister said the effect won’t be significant.
On April 2, US President Donald Trump announced he was introducing tariffs on 185 countries and territories. Russia was not targeted by the measure. The universal tariffs of 10% came into force on April 5, and individual tariffs on April 9. India was subjected to a levy of 26%.
#NEWS #India #RussiaIndia #sanctions
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Higher US tariffs on other countries, including India, could create new opportunities for developing Russia-India economic cooperation, Russian Deputy Economic Development Minister Vladimir Ilyichev said.
"Our Indian counterparts, given that their access to the US market will be restricted to some extent, will be more interested in supplying us," said the official, who is visiting India. "This is also an opportunity for us to expand our trade. Our access to the Indian market could increase and open up in certain new niches."
Asked how the US tariffs could impact Russia, the minister said the effect won’t be significant.
"For obvious reasons, trade with the US is now significantly limited, but because we are still closely integrated into global trade — with the #BRICS countries and other countries that are friendly to Russia — there will be a certain influence," Ilyichev went on to say.
On April 2, US President Donald Trump announced he was introducing tariffs on 185 countries and territories. Russia was not targeted by the measure. The universal tariffs of 10% came into force on April 5, and individual tariffs on April 9. India was subjected to a levy of 26%.
#NEWS #India #RussiaIndia #sanctions
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TASS
US tariff policy could create new opportunities for Russia, India — Russian official
Vladimir Ilyichev deemed insignificant the US tariffs' impact on Russia
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Belarus achieved a high level of self-sufficiency in key agricultural products
At the close of 2021, Belarus ranked 36th among 113 countries in the Global Food Security Ranking, outpacing all other CIS nations except Russia, which held the 23rd position. However, 2022 brought significant challenges. The country fell 19 places in terms of integral level of food security, a decline attributed to tightening foreign trade restrictions, the emergence of new threats and risks, and rising geopolitical tensions.
In 2023, Belarus achieved a high level of self-sufficiency in key agricultural products: meat (134.9%), milk (283.0%), eggs (123.2%), potatoes (110.8%), and vegetables and cucurbits (103.2%).
The country has been able to achieve global standards in food consumption across nearly all products, and the quality balance of citizens' diets continues to improve each year, as evidenced by data from the National Statistical Committee.
Over the past five years, nearly all categories have witnessed a significant increase in per capita production of essential agricultural products (Table 1). Remarkable progress has already been made in both grain and forage maize varieties, with 2023 witnessing a significant boost in the gross harvest of forage maize, accompanied by higher yields (Table 2).
More #BRICS analytics is available on the official website of the BRICS Expert Council—Russia.
#ANALYTICS #BRICSExpertCouncilRussia #BRICSExpertCouncil #Belarus #economics #trade
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At the close of 2021, Belarus ranked 36th among 113 countries in the Global Food Security Ranking, outpacing all other CIS nations except Russia, which held the 23rd position. However, 2022 brought significant challenges. The country fell 19 places in terms of integral level of food security, a decline attributed to tightening foreign trade restrictions, the emergence of new threats and risks, and rising geopolitical tensions.
In 2023, Belarus achieved a high level of self-sufficiency in key agricultural products: meat (134.9%), milk (283.0%), eggs (123.2%), potatoes (110.8%), and vegetables and cucurbits (103.2%).
The country has been able to achieve global standards in food consumption across nearly all products, and the quality balance of citizens' diets continues to improve each year, as evidenced by data from the National Statistical Committee.
Over the past five years, nearly all categories have witnessed a significant increase in per capita production of essential agricultural products (Table 1). Remarkable progress has already been made in both grain and forage maize varieties, with 2023 witnessing a significant boost in the gross harvest of forage maize, accompanied by higher yields (Table 2).
More #BRICS analytics is available on the official website of the BRICS Expert Council—Russia.
#ANALYTICS #BRICSExpertCouncilRussia #BRICSExpertCouncil #Belarus #economics #trade
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Belarus considers BRICS as authoritative international platform
Sergey Rachkov, Chairman of the Standing Commission on International Affairs of the House of Representatives of the National Assembly of Belarus, spoke at the 150th Assembly of the Inter-Parliamentary Union.
The official emphasised that for Belarus joining #BRICS as a partner was an important and well-thought-out step in its foreign policy:
Earlier, Belarus officially became a BRICS partner country. Belarus's new status in BRICS provides for participation on a permanent basis in special sessions of summits and meetings of foreign ministers. In addition, the partners of the group will be able to join the bloc's outcome documents, thus expanding their geographical coverage.
#NEWS #Belarus #Summit
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Sergey Rachkov, Chairman of the Standing Commission on International Affairs of the House of Representatives of the National Assembly of Belarus, spoke at the 150th Assembly of the Inter-Parliamentary Union.
"We consider BRICS as an authoritative international platform that unites the efforts of the global majority aimed at the formation of true multipolarity, equality, and inclusiveness in international relations, the search for effective ways to solve pressing problems," Sergey Rachkov said.
The official emphasised that for Belarus joining #BRICS as a partner was an important and well-thought-out step in its foreign policy:
"As Belarusian President Aleksander Lukashenko said in his speech at the 16th BRICS Summit in Kazan, BRICS is a community of the future," said Sergey Rachkov.
Earlier, Belarus officially became a BRICS partner country. Belarus's new status in BRICS provides for participation on a permanent basis in special sessions of summits and meetings of foreign ministers. In addition, the partners of the group will be able to join the bloc's outcome documents, thus expanding their geographical coverage.
#NEWS #Belarus #Summit
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БелТА
MP: BRICS is able to challenge West’s dominance in international relations
Sergei Rachkov made a report on “The Growing Role of BRICS in International Relations: What Implications for the UN?”
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Moscow will discuss the challenges facing the BRICS countries in the dollar-centric monetary system
We wanted to remind you that on 16 April, on the margins of the 25th Yasin (April) International Academic Conference, a round table "Approaches to a BRICS-centric International Monetary System" will be held. The roundtable is organised by the BRICS Expert Council—Russia and will be held within the framework of the International Thematic Group "Economics" of the BRICS Network University ITG.
The discussion will bring together experts from Brazil, Russia, India, South Africa, Malaysia.
📍 16 April, Wednesday
🔥 10:00-11:30 (UTC+3)
🗣️ face-to-face format, English language
#BRICSExpertCouncil #BRICSExpertCouncilRussia #HSEUniversity #finance
🕊 🕊 🕊
We wanted to remind you that on 16 April, on the margins of the 25th Yasin (April) International Academic Conference, a round table "Approaches to a BRICS-centric International Monetary System" will be held. The roundtable is organised by the BRICS Expert Council—Russia and will be held within the framework of the International Thematic Group "Economics" of the BRICS Network University ITG.
The discussion will bring together experts from Brazil, Russia, India, South Africa, Malaysia.
#BRICSExpertCouncil #BRICSExpertCouncilRussia #HSEUniversity #finance
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We are excited to present you the final video of our unforgettable sporting event — first BRICS+ Blind Football International Friendly Tournament.
The tournament took place in Moscow on 18-20 December 2024 and became a symbol of inclusiveness, friendship, new opportunities and intercultural communication
Watch the highlights of the tournament that made it unforgettable and cheer for the teams from Brazil, Russia, India, South Africa, Belarus, Kazakhstan and Turkey.
The tournament was organised by the BRICS Expert Council—Russia, which was established at HSE University following an order by the Russian Government at the initiative of the Russian Ministry of Foreign Affairs and the Ministry of Finance. The title sponsor was PhosAgro Group, a global champion in the production of phosphate-based fertilisers. The tournament was also supported by VTB Bank (PJSC). Information partner was MATCH TV.
The video features highlights, exciting goals, energetic applause and warm emotions of the participants, supporters and coaches.
Read more on the official website
@MFARussia @phosagro_official @Match_TV @news_matchtv @bankvtb @fsfrus @hse_official
#blindfootball #sport #BRICSExpertCouncil #BRICSExpertCouncilRussia
#HSEUniversity #HSE
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YouTube
Front-row view: The 1st BRICS+ Blind Football International Friendly Tournament
Dive into the vibrant atmosphere of the 1st BRICS+ Blind Football International Friendly Tournament, featuring club teams from the BRICS nations and their partners!
Held in Moscow between December 18 and December 20, 2024, this tournament emerged as a symbol…
Held in Moscow between December 18 and December 20, 2024, this tournament emerged as a symbol…
Forwarded from Sputnik Africa
AES Common Currency, Stronger BRICS Ties Needed, Nigerien Socio-Economic Analyst Says
In response to the Central Bank of West African States lifting protective measures for Niger's government securities, effective April 15, Nigerien socio-economic analyst Issoufou Boubacar Kado Magagi told Sputnik Africa that "Niger's government securities will be reclassified as risky."
🗣 "The measure could make it more difficult and more expensive for Niger to borrow on the regional market of the West African Economic and Monetary Union (WAEMU)," he explained.
Magagi therefore advised Niamey to turn to the BRICS as a "good and happy alternative" to the WAEMU.
According to Magagi, the WAEMU and the Central Bank of West African States are trying to put pressure on the Nigerien authorities to "satisfy certain neo-colonial world powers that seek to bring Niger to its knees."
Furthermore, Magagi highlighted the positive impact of establishing a common currency for the AES. He urged immediate action in this regard.
🗣 "The more time passes, the more opportunity we give the enemy to harm the economic, monetary, financial, social, and security stability of the Confederation of Sahel States," the analyst stated.
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🔸 Sputnik Africa | X 🔸
In response to the Central Bank of West African States lifting protective measures for Niger's government securities, effective April 15, Nigerien socio-economic analyst Issoufou Boubacar Kado Magagi told Sputnik Africa that "Niger's government securities will be reclassified as risky."
🗣 "The measure could make it more difficult and more expensive for Niger to borrow on the regional market of the West African Economic and Monetary Union (WAEMU)," he explained.
Magagi therefore advised Niamey to turn to the BRICS as a "good and happy alternative" to the WAEMU.
According to Magagi, the WAEMU and the Central Bank of West African States are trying to put pressure on the Nigerien authorities to "satisfy certain neo-colonial world powers that seek to bring Niger to its knees."
Furthermore, Magagi highlighted the positive impact of establishing a common currency for the AES. He urged immediate action in this regard.
🗣 "The more time passes, the more opportunity we give the enemy to harm the economic, monetary, financial, social, and security stability of the Confederation of Sahel States," the analyst stated.
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🔸 Sputnik Africa | X 🔸
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Brazil to host BRICS Parliamentary Forum
The 11th BRICS Parliamentary Forum will be held in Brazil on 3-5 June, ahead of the BRICS Summit, according to a statement published on the website of the Brazilian Senate.
The forum is expected to be attended by 31 legislative chambers and about 150 parliamentarians from other countries. A document with the main conclusions of the meeting will be published at the end of the event.
The previous one, the 10th #BRICS Parliamentary Forum, was held from 11 to 12 July in St. Petersburg.
The BRICS summit will be held in Rio de Janeiro on 6-7 July.
#NEWS #Brazil #diplomacy
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The 11th BRICS Parliamentary Forum will be held in Brazil on 3-5 June, ahead of the BRICS Summit, according to a statement published on the website of the Brazilian Senate.
The forum is expected to be attended by 31 legislative chambers and about 150 parliamentarians from other countries. A document with the main conclusions of the meeting will be published at the end of the event.
The previous one, the 10th #BRICS Parliamentary Forum, was held from 11 to 12 July in St. Petersburg.
The BRICS summit will be held in Rio de Janeiro on 6-7 July.
#NEWS #Brazil #diplomacy
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Senado Federal
Congresso vai receber Fórum Parlamentar do Brics no mês de junho
O Congresso Nacional vai receber, entre os dias 3 e 5 de junho, o XI Fórum Parlamentar do Brics. O evento deve contar com a participação de 31 casas legislativas e cerca de 150 parlamentares de outros países.
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Forwarded from Sputnik Africa
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BRICS Collaboration is 'Vital' for African Astronomy, Says New President of African Astronomical Society
“We plan to enhance this collaboration, particularly amongst the BRICS countries,” Amare Abebe told Sputnik Africa, highlighting the need for more student exchanges, joint research, and shared expertise.
Key points from Abebe’s remarks:
🪐 Access to astronomical data must be democratized across Africa, regardless of where telescopes are physically located;
🪐 Reliable internet, cloud infrastructure, and cross-border scientific mobility are essential;
🪐 Astronomy can stimulate technological innovation, educational outreach, and even rural tourism;
🪐 Africa has its own deep-rooted astronomical heritage, which should be highlighted through astro-tourism;
🪐 Spin-off technologies from astronomy can benefit sectors like agriculture, weather forecasting, and data science;
🪐 If Africa doesn't invest in space sciences, it risks being left behind in future space exploration efforts.
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🔸 Sputnik Africa | X 🔸
“We plan to enhance this collaboration, particularly amongst the BRICS countries,” Amare Abebe told Sputnik Africa, highlighting the need for more student exchanges, joint research, and shared expertise.
Key points from Abebe’s remarks:
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🔸 Sputnik Africa | X 🔸
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Advancing the system of economic indicators for monitoring cooperation within BRICS
To analyse the evolution of relationships among the BRICS nations, experts from the member countries have defined a set of indicators designed to monitor the effectiveness of interactions within the group across various domains. Alongside the analysis of statistical data and the construction of econometric models, researchers underscore the pivotal role of trade indices. The application of trade indices for monitoring the development of cooperation within the group presents multiple advantages over alternative indicators.
By analysing the Export Propensity Index for specific partner states alongside the Trade Intensity Index, experts identified a number of least developed countries (LDCs) with significant potential to boost exports to the BRICS nations. Coupled with an examination of other indicators, these trade indices also enabled them to cluster LDCs and pinpoint 13 nations that hold promise for enhancing trade relations within #BRICS.
The index method can also be employed to cluster all member states based on their propensity to strengthening economic interactions. Based on the analysis of the Exporting Partner Significance Index from 2005 to 2022 (up to 2021 for Russia due to the absence of published official statistics), the BRICS 5 nations have been categorised into clusters according to their interest in exporting to fellow member states (Table 1).
These insights can serve as a foundation for crafting tailored recommendations for the governments of the BRICS member states.
More #BRICS analytics is available on the official website of the BRICS Expert Council—Russia.
#ANALYTICS #BRICSExpertCouncilRussia #BRICSExpertCouncil #economics #trade
🕊 🕊 🕊
To analyse the evolution of relationships among the BRICS nations, experts from the member countries have defined a set of indicators designed to monitor the effectiveness of interactions within the group across various domains. Alongside the analysis of statistical data and the construction of econometric models, researchers underscore the pivotal role of trade indices. The application of trade indices for monitoring the development of cooperation within the group presents multiple advantages over alternative indicators.
By analysing the Export Propensity Index for specific partner states alongside the Trade Intensity Index, experts identified a number of least developed countries (LDCs) with significant potential to boost exports to the BRICS nations. Coupled with an examination of other indicators, these trade indices also enabled them to cluster LDCs and pinpoint 13 nations that hold promise for enhancing trade relations within #BRICS.
The index method can also be employed to cluster all member states based on their propensity to strengthening economic interactions. Based on the analysis of the Exporting Partner Significance Index from 2005 to 2022 (up to 2021 for Russia due to the absence of published official statistics), the BRICS 5 nations have been categorised into clusters according to their interest in exporting to fellow member states (Table 1).
These insights can serve as a foundation for crafting tailored recommendations for the governments of the BRICS member states.
More #BRICS analytics is available on the official website of the BRICS Expert Council—Russia.
#ANALYTICS #BRICSExpertCouncilRussia #BRICSExpertCouncil #economics #trade
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South Africa's Foreign Minister Ronald Lamola stressed the vital importance of countries working together on global platforms while responding to a question from Sputnik Africa about Trump's new tariff policies.
“Looking into other aspect of geopolitics to continue to work together, to collaborate at the various platforms, BRICS, G20, the United Nations as the prime multilateral platform, particularly in this age where unilateralism is raising its head again,” he told Sputnik Africa.
He further noted that South Africa is firmly focused on tackling the challenges confronting the Global South at the G20, particularly those concerning the financial system.
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Generation BRICS
Moscow will discuss the challenges facing the BRICS countries in the dollar-centric monetary system We wanted to remind you that on 16 April, on the margins of the 25th Yasin (April) International Academic Conference, a round table "Approaches to a BRICS…
Experts discuss the challenges facing the BRICS countries in the dollar-centric monetary system
The round table "Approaches to a BRICS-centric International Monetary System", which is organised by the BRICS Expert Council—Russia, has began on the margins of the 25th Yasin (April) International Academic Conference.
#BRICSExpertCouncil #BRICSExpertCouncilRussia #HSEUniversity #finance
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The round table "Approaches to a BRICS-centric International Monetary System", which is organised by the BRICS Expert Council—Russia, has began on the margins of the 25th Yasin (April) International Academic Conference.
#BRICSExpertCouncil #BRICSExpertCouncilRussia #HSEUniversity #finance
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