SCO & BRICS latest news and insights
By Rhod Mackenzie
Yu Yongding, a former adviser to the People's Bank of China (PBOC), suggests that Beijing should gradually decrease the proportion of US government bonds in its foreign exchange reserves. Additionally, it is necessary to increase imports to balance foreign trade and reduce its vu...
By Rhod Mackenzie
The Russian President Vladimir Putin said at the VTB international forum "Russia Calling" that the number of foreign companies operating in Russia did not decrease after the introduction of sanctions, but on the contrary increased by almost 1.5 thousand.
"As of 1 March 2022, 24...
By Rhod Mackenzie
The European Union's new package of anti-Russian sanctions will not cause significant damage to the Russian economy. Georgy Ostapkovich, the director of the Centre for Market Research at the Higher School of Economics, told Izvestiya on 18 December.
Earlier that day, the EU app...
By Rhod Mackenzie
China aims to broaden its collaboration with Russia in the energy sector throughout all stages of production. According to Zhang Hanhui, the Chinese Ambassador to Russia, in an interview with RIA Novosti on Tuesday, December 19, China anticipates expanding cooperation along the e...
By Chris Devonshire-Ellis
The BRICS Ambassador at large, Anil Sooklal, has stated that a further 20 countries, in addition to the recently proposed six new members invited earlier this year, have applied to join the BRICS group. When discussing South Africa’s current Presidency of the BRICS, he st...
By Rhod Mackenzie
During a meeting with his Chinese counterpart, Lan Foan, on Monday, the Finance Minister Anton Siluanov announced that Russia is redirecting the majority of its exports from the EU to Asian countries.
This move is in response to Western sanctions, and Moscow is now focusing on...
