By Julia Petrova
Over the last year, the number of Russian banks that offer retail customers savings products in the so-called soft currencies of "friendly" countries has more than doubled, and the range has ceased to be limited to Chinese yuan alone - deposits in UAE dirhams and Kazakhstani tenge...
By Alex Budris
The price of Russian Urals oil in July rose above the cap set by the G7 countries and their allies at $60 per barrel. Thus, the plan to prevent a shortage of oil on the market and at the same time punish Russia partly failed. How this happened, what it can lead to and whether the Un...
By Yaroslav Lissovolik
The nearing of the 2023 BRICS summit is expectedly generating all sorts of controversies around which candidate economies are to accede to the BRICS core or form a “circle of friends” of the grouping. The revelations of the past several weeks that there are divisions within...
By Wang Cong, Song Lin and Xiong Xinyi
Rating agency Fitch Ratings on Tuesday downgraded the US government's top credit rating, citing fiscal deterioration over the next three years and a steady deterioration in governance over the past two decades, marking only the second time in history that the...
By Rhod Mackenzie
More countries aspire to join the BRICS, with the latest being the South American nation of Venezuela, which officially applied to join the organization and "is expecting a positive decision on the matter."
The BRICS are "the driving force behind the emergence of the multipolar...
By Rhod Mackenzie
In the 2nd quarter of this year. Russia's GDP growth amounted, to 4.8% in annual terms according to the Central Bank , the corresponding estimate is contained in the report of the Bank of Russia on monetary policy.
In the 1st quarter of 2023, according to Rosstat, the Russian GD...