Moscow triples vehicle exports to BRICS countries

Moscow, October 16, 2024 (FBC) – The total value of Russian companies’ contracts for the export of used vehicles from Moscow to BRICS countries and partners has exceeded 21 billion roubles (US$215 million), according to Moscow Mayor Sergey Sobianin.

According to the mayor of the Russian capital, all exports to the BRICS+ countries grew almost threefold with Moscow’s support.

The most popular export destinations were the United Arab Emirates, Brazil, Iran, India and, of course, first and foremost, China. This is reported by by CGTN, a partner of TV BRICS.

The Moscow authorities see the undeniable advantages of working in the BRICS space and, according to them, triple growth has not yet reached its limit. What’s more, Russian technical innovators are expanding their markets thanks to the group’s opportunities.

“In fact, associations such as BRICS, BRICS+, the Shanghai Cooperation Organisation, the Eurasian Economic Union and others play a very important role in the international economic agenda today,” said Vitaliy Stepanov, general director of the autonomous non-profit organisation Moscow Export Centre.

At the same time, the Moscow city government also emphasises that BRICS is not just about quantitative growth, but also qualitative growth, which offers an approach to growing new innovative exports from Russia in sectors such as 3D solutions, financial and educational software, media content, Virtual Reality solutions for medicine and industrial safety training, among others.

Russia has an optimistic view of the growth potential of BRICS and emphasises the importance of the association on the international economic agenda.