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The World must unite as one to decisively confront global challenges. Corrective action must begin with the reform of institutions of global governance. This has been on the BRICS agenda since its inception
Thursday, April 11, 2024
The Dynamics of Energy Trades Between Russia And China-India – Analysis
The Russian economy gradually became highly dependent on energy exports to sustain its basic operations. Existing studies show that income from natural gas and crude oil exports alone consistently accounts for about 50% of Russia’s fiscal revenue, with the GDP share roughly maintaining around 25% annually. The importance of energy exports is self-evident
On August 4th, 2023, the 15th annual BRICS summit concluded in Johannesburg, South Africa. The headline of the event was the group’s plan to expand its membership for only the second time in its two-decade history
The BRICS bloc is a growing home for nations eager to counter the West's position, or at least hedge their bets when it comes to international trade, development support, and conflicts
Multilateral institutions reflect the power realities of the time of their inception. As the balance of those power realities change, so too, does their efficacy become a matter of interrogation
Zimbabwe has set its sights on joining the New Development Bank (NDB), an institution established by the BRICS economic bloc
New doors for trade and investment will be opened under the supervision of developed countries like China and Russia
BRICS member China is believed to hold significantly more gold reserves than the officially announced 2,250 tonnes