By Vedica Singh
The BRICS group (Brazil, Russia, India, China, and South Africa), which includes the world’s largest emerging economies, has been a driving force in restructuring the global economic landscape. Recent talk of BRICS expansion raises serious questions about its impact on the balance...
By Rhod Mackenzie
Following the approval of Iran as a full-fledged member of the Shanghai Cooperation Organization (SCO), a political advisor to Iranian President says that being a member of BRICS will be the next step in Iran's foreign policy.
"Based on the doctrine of neighborhood and converge...
By Rhod Mackenzie
The Russian government is discussing the transition to payments in rubles when exporting agricultural products. The proposed presidential decree "On a special procedure for opening settlement accounts in authorized banks by foreign buyers of Russian agricultural products" is desi...
By Rhod Mackenzie
Yesterday, September futures for North Sea Brent added 1.6% to $85.58 per barrel. West Texas WTI jumped 1.9% to $81.69. For both types of oil, these are the maximum level reached since April 17 (they reached them then after the unexpected decision of the OPEC + countries to reduc...
By Rhod Mackenzie
Europe's largest economy is trying to get off the ground, but it succeeds with great difficulty due to numerous problems, some of which the Germans have created for themselves. Last week, the German statistics department Destatis published economic data for the second quarter, ac...
By Dmitry Trenin
Last week’s Russia-Africa summit in St. Petersburg was a landmark event in Moscow’s foreign policy concept and practice. Not so much because it brought scores of African leaders and senior officials to the country. The first summit, four years ago in Sochi, featured even more Afri...