SCO & BRICS latest news and insights
By Rhod Mackenzie
The New Year of 2024 brings a lot of surprises and potential challenges to the countries of the BRICS. The union has doubled to 10 countries, which should lead to its increased economic power. However, its largest economy, China, is still slowing down. Plus the new participants...
By Rhod Mackenzie
The share of settlements between Russia and the BRICS countries in national currencies in 2024 will most likely remain at the level of 85%, but there is also the possibility of a slight increase, Maxim Markov commented to RIA Novosti, he is an Associate Professor of the Departme...
By Rhod Mackenzie
The share of national currencies in interstate settlements between Russia and Kyrgyzstan exceeded 88% last year, said the Rusian Prime Minister Mikhail Mishustin.
“It is important that Russian-Kyrgyz interaction and trade and economic cooperation are developing successfully. In...
By Rhod Mackenzie
Foreign portfolio investors withdrew $3.4 billion worth of assets from India in January, the highest level in the past 12 months, Business Standard reports .
“Foreign portfolio investors sold $3.4 billion worth of shares in January this year, the highest in 12 months,” the artic...
By Rhod Mackenzie
The international depository Euroclear earned about 4.4 billion euros in interest income from the frozen Russian assets in 2023, according to a press release on the website of this financial organization.
“In 2023, interest on cash balances from Russian assets subject to sanctio...
By Rhod Mackenzie
The January release of the IMF's flagship quarterly forecast, the World Economic Outlook, was notable for the upward revaluation of forecasts for the economic dynamics of most of the major economies in the world. Global economic growth is now estimated at 3.1% in 2024, up from 2....
