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Based on IMF export figures, the EU accounted for about 20% of Russian goods imports, while China and Hong Kong provided about 40% of imports, followed by the countries of the Eurasian Economic Union with about 15% and Turkey with 5%.
2.8 BRICS adds six new members, including Iran and Saudi Arabia
The five-nation BRICS club of leading developing economies announced on August 24 that it is to add six new members, effective from the start of next year. The new member nations will be: Argentina, Egypt, Ethiopia, Iran, the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE).
At its summit in Johannesburg, the five biggest emerging markets in the BRICS group -- Brazil, Russia, India, China and South Africa -- represented a quarter of the world’s economy and the larger part of global GDP on a purchasing power parity (PPP) basis. The group seeks to be a counterweight to the dominance of Western-led geopolitics and provide a forum where
RUSSIA Country Report September 2023 www.intellinews.com