SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia's gold reserves have reached a new historical record level and this is despite the huge number of sanctions imposed the the US and its allies. The Bank of Russia is buying more precious metal, plus the rising price of gold is contributing to this achievement.
This strat...
By Rhod Mackenzie
According to a review by the Association of Russian Banks , the share of developing countries, including Russia, in global GDP will exceed 60% by 2026. This indicates a shift in the balance of power in the world economy, as developing countries are no longer peripheral. The Minis...
In Q3 2023, foreign central banks increased their international reserves to almost a trillion dollars, with nearly 8% of the assets being undisclosed. No new content has been added. In Q3 2023, foreign central banks increased their international reserves to almost a trillion dollars, with nearly 8%...
By Rhod Mackenzie
China's response to Taiwan's parliamentary and presidential election results was less severe than anticipated based on previous statements by Chinese officials and media.
Prior to the vote, PRC authorities warned voters that electing Lai Qingde as president, who continues Presi...
By Rhod Mackenzie
The potential confiscation of Russian assets frozen in the West could not only trigger a backlash but also fragment financial markets, with Europe bearing the brunt of the consequences. Bloomberg reported this on Monday, January 15th.
Since the outbreak of the conflict in Ukrai...
By Rhod Mackenzie
Turkey must resist Western pressure to apply anti-Russian sanctions based on its own national interests. According to Dogu Perincek, the chairman of the Turkish Vatan (Homeland) party, this is inevitable.
Perincek stated that Turkey can only overcome its current economic proble...
