Russia and Egypt are actively ramping up their trade and economic relations and developing joint projects in various areas, Russian Foreign Minister Sergey Lavrov said on Monday.
Russia and its partners within BRICS and the Shanghai Cooperation Organization (SCO) need to work on a unification of payment systems and a mechanism to regulate trade in national currencies to boost mutual trade and be more independent, geopolitical analyst Pepe Escobar told Sputnik.
You can count the number of cases in which Western governments have been genuinely interested in Africa’s wellbeing on the fingers of one hand. However, the sharp drop of Western influence on the continent is forcing former colonial powers to try rebranding themselves.
President Cyril Ramaphosa addressed the nation on Sunday evening on the outcomes of the 15th Brics summit and on the conclusion of the panel investigation into the docking of the Russian vessel the Lady R in South Africa.
The new era opened with the strategic tour de force inbuilt in the creation of BRICS 11 involves the make-or-break issue of setting up a new international economic/financial strategy.