BRICS trade ministers adopted a joint declaration on food security and WTO reform, approved MSME trade-finance measures, and finalised the Strategy for BRICS Economic Partnership 2030 ahead of the New Delhi summit.
An overview of the agenda, membership, priorities, and expected outcomes of the 18th BRICS Summit scheduled for September in New Delhi.
The Russian Ministry of Industry and Trade plans more than 10 business missions to new BRICS member markets in 2026, covering sectors including manufacturing, agriculture, energy, health, ICT, and sustainable development technologies.
A proposal presented by Russia at the St Petersburg International Economic Forum envisions a BRICS sanitary authority to facilitate agricultural trade and export protocols.
Brazil is seeking new markets after US tariffs, and analysts say BRICS may help diversification but only in the medium and long term.
A Russian proposal under study would create a BRICS commercial and payment system using member countries’ currencies, potentially reducing reliance on the dollar and supporting commodity trade.
Delegates at the BRICS Science Academies Forum 2026 agreed to focus future cooperation on five priority sectors where AI can support sustainable development.
A geopolitical analyst says Russian initiatives inside BRICS, including a grain exchange, alternative payments and an investment platform, could deepen cooperation and reduce dependence on Western financial centers.
Analyst Timoféi Bordachov argues BRICS should focus on sustainable development and inclusive governance rather than replicating Western power structures like NATO or the G7.
