By Rhod Mackenzie
Argentina has joined a rapidly growing group of countries in favor of reducing the share of the US dollar in the global financial system, and for the first time decided to pay part of the IMF debt in yuan.Buenos Aires' decision, of course, will have more demonstrative than practi...
By Rhod Mackenzie
The public debt of the Russian Federation in ruble terms increased by 1.9 trillion rubles in 2022, to 22.82 trillion rubles. Of these, 18.78 trillion rubles falls on domestic debt (+13.9% per year) and 4.04 trillion rubles on external debt (-8.9% per year). This is stated in the...
By Lyudmila Filippova
Chinese President Xi Jinping’s March 2023 visit to Russia was followed by literally every leading news agency in the world. It attracted this attention in the context of possible progress in the settlement of the Russian-Ukrainian conflict. However, the main results of the vi...
By Rhod Mackenzie
Ethiopia, one of Africa’s fastest-growing economies, has asked to join the BRICS bloc of emerging markets, the foreign ministry said.
The term BRIC was coined by Goldman Sachs economist Jim O’Neill in 2001 to describe the rise of Brazil, Russia, India and China. The BRIC powers...
By Rhod Mackenzie
The volume of Russian oil exports to India in June have again reached record levels.
According to Victor Katon, the head of oil analysis at Kpler, daily volumes of oil supplies from Russia to India rose to 2.2 million barrels per day over the past month. These record figures c...
By Drago Bosnic
For weeks prior to Russia launching its special military operation (SMO) in Ukraine, the United States insisted that Russia was planning this and that it would certainly do it. Then,after the SMO started, Washington DC used this to bolster its intelligence-gathering reputation by c...