Russian Industrialists Cement BRICS Innovation Hub Ties, Boosting China Trade
A fresh agreement between Russia's powerful Congress of Industrialists and Entrepreneurs (ICIE) and the BRICS Innovation Center is poised to significantly deepen Russian-Chinese economic cooperation, with a key ICIE representative office set to open in Xiamen in 2027. This move signals a strategic push for greater economic integration within the expanded BRICS bloc, especially as bilateral trade between Russia and China continues to surge, hitting record highs in the first half of 2026 at $134.1 billion.












