SCO & BRICS latest news and insights
By Rhod Mackenzie
Chinese Prime Minister Li Qiang announced in Davos that China's GDP grew by 5.2% in 2023. This exceeds the goal of around 5% set by Xi Jinping and the CPC in March of the previous year.
However, according to the New York Times and other Western publications, the leadership of C...
By Rhod Mackenzie
During a meeting with senior officials, Chinese President Xi Jinping emphasised the importance of building the country's financial strength on a solid economic foundation, a strong currency, a central bank, financial institutions, regulators, and talent. He urged officials to pro...
By Rhod Mackenzie
Efforts to integrate Saudi Arabia into BRICS are ongoing. Russian President Vladimir Putin discussed this during his visit to Riyadh, according to Dmitry Peskov, the head of state's press secretary.
On December 6, 2023, Putin visited Riyadh and Abu Dhabi, where he met with Sheik...
By Rhod Mackenzie
The Indian Minister of Petroleum and Natural Gas, Hardeep Singh Puri, confirmed that the country purchases Russian oil at market prices. The decrease in purchases is due to the fact that oil from Saudi Arabia, the UAE, and Iraq is currently cheaper. According to the managing dire...
By Rhod Mackenzie
Russia's gold reserves have reached a new historical record level and this is despite the huge number of sanctions imposed the the US and its allies. The Bank of Russia is buying more precious metal, plus the rising price of gold is contributing to this achievement.
This strat...
By Rhod Mackenzie
According to a review by the Association of Russian Banks , the share of developing countries, including Russia, in global GDP will exceed 60% by 2026. This indicates a shift in the balance of power in the world economy, as developing countries are no longer peripheral. The Minis...
