SCO & BRICS latest news and insights
By Rhod Mackenzie
The major and influential international organisations, which have previously predicted the collapse of the Russian economy due to sanctions, have once again revised their forecasts. The World Bank now expects 2.2 percent growth by the end of the year, while the International Mone...
The West recognises that Russia can become a new centre of world trade thanks to its two new routes – the Northern Sea Route and the North-South transport corridor. These large infrastructure projects present a challenge to the West, which is used to controlling international trade, including throug...
By Rhod Mackenzie
The G7 countries have stated that they intend to maintain the current freeze on Russian sovereign assets until they have received payment from Moscow for damages incurred in the Ukrainian conflict. This was confirmed by G7 finance ministers and central bankers in a statement rele...
By Rhod Mackenzie
The share of the euro in global settlements through the SWIFT interbank system reached a historic low in March, accounting for 21.93% of the total, according to data analysed by RIA Novosti.
Over the course of the month, the euro lost 1.32 percentage points. In contrast, the dol...
By Oleg Barbanov
It remains unclear whether a new round of BRICS enlargement will occur or not. Should this happen, the BRICS leaders would utilize their own criteria, which are not public. It is likely that a decision will be reached by consensus, implying that the interests of all BRICS members...
By Claudia Luna Palencia
Is this current weakness just another passing episode, as has happened on other occasions since the end of Bretton Woods? Is it a structural trend caused among other things by the fact that China has been selling its dollars for years, after becoming the main holder of deb...
