SCO & BRICS latest news and insights
By Rhod Mackenzie
The jubilee meeting of the Five and its adherents in Johannesburg will obviously cost Western leaders more than one sleepless night. The members of the union celebrated the 15th anniversary with landmark decisions and signals to the whole world. At the same time, the BRICS inter...
By Pepe Escobar
The Chinese President Xi Jinping defined all the major decisions embedded in the 15th BRICS summit in South Africa as “historic”. That may be seen as an understatement.
It will take time for the Global South, or Global Majority, or “Global Globe” (copyright President Lukashenko),...
By Anna Koroleva
In July 2023, the share of the dollar in international settlements, according to the Swift system, rose to a record 46.5%. However, as experts note, the share of settlements going through Swift itself is noticeably decreasing, so that its statistics no longer reflect the entire tu...
By Alexei Kupriyanov.
To win the war of economies, where the enemy has all the trump cards — from a solid share in world trade to the printing press of the world’s reserve currency — we need, as military theory teaches us, an asymmetric strategy. It is useless to try to break through the sanctions...
By Sergey Manukov
Over the past few months, the Chinese Ministry of Finance has been aggressively selling US government bonds. As a result of this sale, as of the end of June, China had “only” $835 billion left, according to Business Insider. Of course, this is a lot, but not for China. The last t...
By Tao Mingyang
The yuan retained its position as the fifth most-used currency for global payments in July, with a share of 3.06 percent, according to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) - the second time the currency exceeded the 3 percent benchmark.
The yua...
