The parties noted the space for the growth of trade exchange between the two countries
Brazilian Foreign Minister Mauro Vieira said that the country intends to expand trade and economic ties with the Russian Federation. Vieira recalled that in 2022 there was a serious increase in export-import operations between Brazil and Russia, and emphasised that today the prospects for expanding and deepening mutual trade between the two countries are seen as very promising, as reported by Toda Palavra, a partner of TV BRICS.
"Progress should be made in trade relations, which hold great promise. Last year we reached a record level in our trade turnover, approaching $10 billion, but there is still space for growth," noted the Brazilian Foreign Minister. The Brazilian government, he said, is working on ways to diversify mutual trade, which currently covers mainly fertilisers and agricultural products, with products of higher added value.
The minister also mentioned the two countries' cooperation in science, technology, innovation, education and culture.
In addition, Vieira pointed to Brazil's intention to expand the practice of settlements with Russia and other countries in national currencies in a bid to move away from the dollarisation of trade transactions. Currently, the government of the Latin American giant has organised consultations on this issue with other members of the "Five", including the Russian Federation and the People's Republic of China.
In 2023, the Republic of Brazil has already concluded a treaty with the Celestial Empire on mutual trade in national currencies, abandoning the dollar as an intermediary.
Photo: istockphoto.com
-
![]()
Economy11.08.26Egypt expects to attract high-quality investment from India into industry and exports -
![]()
Economy11.08.26Iran links agricultural and water data systems to improve resource use -
![]()
Economy11.08.26India and Russia to expand cooperation in industry, aviation, rail transport and mining -
![]()
Economy10.08.26Iran expands satellite infrastructure with three planned launches -
![]()
Economy10.08.26Zimbabwe records first US$1 billion monthly export earnings -
![]()
Economy10.08.26China, Russia and Kazakhstan become Uzbekistan's largest trading partners in first half of 2026
-
![Sergey Lavrov]()
Sergey LavrovRussian Foreign Minister"A Joint Statement of the Foreign Ministers has been adopted. It provides a clear and principled assessment of the situation on the international stage and outlines the tasks that will be addressed in accordance with previous decisions by heads of state and governments. No one doubts that additional documents on sectoral areas of cooperation will be developed ahead of the SCO summit in Bishkek. Energy, artificial intelligence, healthcare and a number of other areas were also mentioned" -
![Nitin Gadkari]()
Nitin GadkariIndia's Union Minister for Road Transport and Highways"Our resolution has just been passed. It is very important as far as the BRICS countries are concerned, which cover 40 per cent of the world's population. We are committed to the futuristic development of the transport sector, to create cooperation, coordination and communication between the stakeholders. This resolution indicates a lot of new technology and innovation in the transport sector. It covers the road sector, railways, aviation and water transport" -
![Anutin Charnvirakul]()
Anutin CharnvirakulPrime Minister of Thailand"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"
