By Rhod Mackenzie
For the first time in a year, the revenue of non-commodity companies in the Russian Federation showed growth. In April, the turnover of such enterprises increased by 7.4% compared to 2022. This was reported to Izvestia in FinExpertiza. The profit of large and medium-sized enterpr...
By Yaroslav Lissovolik
Since the BRICS+ format was re-launched by China in 2022 a radical change took place with respect to BRICS on the international stage. Within a span of just about one year dozens of countries from the developing world expressed their willingness to join the block. Looking ba...
By Yaroslav Lissovolik
As the August 2023 BRICS summit draws near, there are more and more alarm bells ringing from various parts of the academic community regarding the “excessive ambition” coming from BRICS attempts to change global governance. One of such recent pronouncements came from no othe...
By Ahmed Adel
Following the Western sanctions that froze Russian assets abroad because of the special military operation in Ukraine, sovereign investors now prefer to hoard physical gold over derivatives or equity indexes (ETFs). According to a survey of central banks published on July 9, many cou...
By Rhod Mackenzie
As expected, China reacted angrily to the communique of the NATO summit in Vilnius, in which Beijing is called the main challenge to the interests and security of the Alliance. NATO leaders argue that the PRC threatens the Alliance's interests, security and values through "decl...
By Rhod Mackenzie
The contracts for the export of Russian wheat are proceeding at an active pace. Thus, according to Sovecon, at the beginning of this week, export contracts for 4.5 million tons of wheat were concluded, while a week ago this figure was 2.2 million tons, and in early June - 1.1. Ru...