BRICS & Global South News

Ethiopian premier notes growing trade, developing ties with Russia

The premier also noted the developing ties in trade and investment

News Review: Global economic impacts of US war on Iran

American consumers have faced 100bn dollars in extra energy costs since the US waged a war on Iran in late February.

Russian-Ethiopian trade tripled last year — Putin

Putin also noted that special attention is paid to humanitarian cooperation

BRICS to seek reform of institutions of global economic governance

"Reform of global economic governance remains a consistent BRICS priority," the document reads

BRICS business circles show interest in deepening cooperation, Putin says

"Ambitious multilateral projects are looming," Putin added

BRICS nations call for lifting of unilateral, secondary sanctions, deeming them illegal

According to the summit participants, unilateral economic and secondary sanctions have far-reaching negative implications for the human rights

BRICS nations see unilateral tariffs, non-tariff measures as threat to global trade

The member states voiced serious concerns about the rise of unilateral tariff and non-tariff measures which distort trade and are inconsistent with WTO rules

Chinese electric bike imports surge as Africa’s EV investments diversify

Africa’s imports of electric motorcycles and three-wheelers from China rose sharply in the first half of 2026, an increase that highlights a divide in the continent’s transition to electric vehicles

Unclear if Russia-US business projects emerge before Ukraine settlement — Kremlin

Kremlin Spokesman Dmitry Peskov noted that "the logic of development suggests that trade, economic, and investment cooperation needs to be resumed as soon as possible"

BRICS nations urge ‘restraint’ in Middle East, smooth flow of global trade

Joint declaration at BRICS summit also expresses 'firm opposition' to the forced displacement of Palestinians by Israel.

BRICS meets in India: What’s on the agenda, why it matters

This year's summit comes amid the US-Israel war on Iran, Russia's war on Ukraine and global economic challenges.

Xi Jinping arrives in India for BRICS summit overshadowed by war

Conflicts in the Middle East and Ukraine, along with global trade turbulence and energy security, are expected to dominate the two-day meeting of the 11-nation bloc.

Closure of Bab el-Mandeb Strait threatens Saudi oil shipments to Asia — expert

Ziyad al-Hashemi explained that "a halt in these shipments could trigger turmoil in the oil market and drive up prices, particularly on the spot market"

Russian stock indices decline as main trading session closes on Friday

The MOEX Index hit a monthly high just above the 2,320-point mark but then fell rapidly

Nigeria-China Aquatic Products Protocol: A new frontier for economic transformation

Trade between Russia and Egypt grows and diversifies — Putin

Vladimir Putin noted that Russian and Egyptian authorities remain in contact

IN BRIEF: Key statements by Bank of Russia’s Governor Elvira Nabiullina

Elvira Nabiullina said the acceleration of price growth during the summer months was driven primarily by the fuel market situation

Germany's AfD party floats idea to hold trilateral business forum with US — RDIF CEO

Kirill Dmitriev pointed out that The Alternative for Germany advocates energy interaction between Russia, Germany and Europe

IN BRIEF: What is known about Bank of Russia's decision to keep key rate at 14% per annum

The ruble was down during trading on the Moscow Exchange, almost flat following the Central Bank’s decision on the key interest rate, according to trading data

Russian MP condemns Houthi attacks on Saudi Arabia's civilian, economic targets

According to the Chairman of the State Duma Committee on International Affairs, these actions violate the Kingdom's sovereignty and pose a threat to its national security

European Commission ready to return to issue of seizing Russian assets — economy head

The EU and G7 countries have frozen about 300 billion euros in Russian assets

Russia's foreign trade surplus up to $13.5 bln in July — Central Bank

Compared to June 2026, the country’s foreign trade surplus grew by $1.276 bln

Putin Meets Modi as India Hosts BRICS Summit

A delegation of more than 300 Russian executives is accompanying Putin to New Delhi to negotiate supply chains and food security contracts.

RDIF, BRICS Pay, BRICS Pay India to jointly develop cross-border payments

"Developing a modern payment infrastructure is a crucial prerequisite for the continued growth of trade and investment among BRICS countries," Kirill Dmitriev, CEO of the RDIF, said

US has loosened Iran’s grip on Strait of Hormuz, but costly war far from over

In recent weeks, the US has succeeded in loosening Iran’s grip over the Strait of Hormuz while virtually shutting down Iran’s own oil exports, accelerating its economic free fall

Bank of Russia keeps key rate at 14% per annum

Underlying price growth has accelerated to 5-6% in annual terms, primarily due to the impact of a temporary reduction in production capacities in certain sectors, the regulator added

First voyage from China to Murmansk converts city into big logistics hub, expert says

In late August, the first ship of China's NewNew Shipping Line, carrying more than 500 containers with automotive components for the Russian market, after having sailed along the Northern Sea Route, docked at the port of Murmansk

Russian stocks down as main trading session opens

As of 10:30 a.m. Moscow time, the indices were down by 0.35% at 2,300.96 points and 859.33 points, respectively

Six Nigerians to be extradited to the United States of America

Six Nigerians to be extradited to the United States of America The Directorate for Priority Crime Investigation (DPCI), commonly known as the Hawks, in collaboration with INTERPOL South Africa, will today facilitate the extraditi…

DFFE continues to monitor pilchard deaths

DFFE continues to monitor pilchard deaths The Department of Forestry, Fisheries and the Environment (DFFE) is continuing to monitor new reports of Pilchard Herpesvirus (PHV), which has triggered an unusual sardine mortality event…