SCO & BRICS latest news and insights
By Rhod Mackenzie
The Russian Foreign Minister Sergei Lavrov stated that approximately 30 countries plan to establish partnerships with BRICS and strengthen their ties with the association.
On December 26, he addressed the commission of the General Council of United Russia on international coope...
By Davide Montagner
Amid deepening global geopolitical tensions, the recent currency swap agreement between Saudi Arabia and China is the latest in a series of initiatives that seek to put pressure on the dollar’s central role within international trade.
Last month, the People’s Bank of China (P...
By Aleksei Kuznetsov
The nations of BRICS have repeatedly called for the enhancement of their role and status within the current global financial system, which was long overdue. In this vein, the declaration of the 11th Brazil Summit held in November 2019 expressed disappointment of BRICS leaders...
By Rhod Mackenzie
According to Russia's Foreign Minister Sergey Lavrov, BRICS should remain an association and not be turned into a full-fledged organization with a secretariat. Lavrov stated in an interview with the Russian channel NTV that 'BRICS is not an organization, but an association.'
Th...
By Rhod Mackenzie
In recent years, the world has faced various shocks such as pandemics, military conflicts, and sanctions. These events have led to changes in the financial system, which China is capitalising on by promoting the yuan as an alternative to traditional payment units.
Russia also...
By Rhod Mackenzie
In the last monthe of autumn , the Chinese currency ranked fourth in global payments, reaching a record 4.61%, according to the SWIFT Financial System. The growth rate of the yuan's share speaks for itself: it has almost doubled compared to last year's 2.37%. Additionally, in Oct...
