BRICS News: Iran-Russia Trade Surges 35%, China Emphasizes Green Transition
according to the English section of webangah News Agency, citing Mehr News Agency and TV BRICS, Chinese President Xi Jinping emphasized in a video message to the United Nations Climate Change Conference that green and low-carbon transition is “the trend of our time.” He described this path as essential for achieving global enduring advancement.
On economic relations, trade exchanges between Iran and Russia increased by 35 percent from May to July 2025 with the provisional implementation of the free trade agreement with the Eurasian Economic Union. Experts consider this progress a significant step toward integrating Iran into regional markets.
Russia and Ethiopia also signed a joint action plan to build a nuclear power plant on Ethiopian soil. This agreement was reached during Russian President Vladimir Putin’s meeting with Ethiopian Prime Minister Abiy Ahmed, where both leaders emphasized strengthening their strategic partnership.
On the sidelines of the United Nations General Assembly high-level meeting, G20 foreign ministers convened. Indonesian Foreign Minister Retno Marsudi stated at this meeting that the G20 can become a driving force in restoring trust in the multilateral system.
India strengthened its role in natural heritage conservation by registering seven new natural sites on UNESCO’s tentative World heritage list. These locations have great potential for showcasing geological history and attracting global tourists.
Meanwhile, russia leased a piece of Egyptian land near the suez Canal for 49 years to establish a Russian industrial zone. This area will provide Russian companies tariff-free access to African markets.
The United Arab Emirates has set an aspiring goal to increase its number of active startups beyond two million by 2031. The UAE Ministry of Economy introduced this plan as part of its strategy to boost entrepreneurship.
Indonesia’s ministry of Maritime Affairs and Fisheries continued its environmental initiatives by launching 17 blue carbon reserve areas comprising mangrove forests and tidal marshes. One province is also planning to develop carbon-neutral islands.
