SCO & BRICS latest news and insights
By Elena Gorbacheva
After Argentina, Ethiopia, the United Arab Emirates, Saudi Arabia, Egypt and Iran officially join the BRICS next year, its combined GDP will be 37% of the world's. In addition, it will control almost 50% of world oil production and 40% of its exports. The control of energy reso...
By Yaroslav Lissovolik
The 2023 BRICS summit is over and it is clear that it is one of the most historic and transformational BRICS summits on record. While there has not been much progress on critical issues such as BRICS+ trade liberalization or the creation of a new reserve currency, a major ex...
By Sarmad Khan
BRICS membership will boost the UAE economy, strengthen its trade relations with the Global South, and also allow it to maintain economic ties with other major partners globally, the Minister of Economy has said.
The Arab world’s second-largest economy continues to maintain its fo...
By Dmitry Migunov
The transformation of the yuan into a global convertible currency ("internationalization") is in full swing. SWIFT statistics have shown that the use of the Chinese currency in international payments has increased markedly. However, the share of the yuan on a global scale so far...
By Rhod Mackenzie
The Kremlin has reported about a telephone conversation that took place between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi.
It is reported that the Russian leader once again congratulated Modi on the landing of the Chandrayaan-3 station on the moo...
By Alexander Labykin
After withdrawing from the grain deal, Russia got rid of the price discount for its wheat on the world market. However, the growth of exports and profits of grain producers is limited by the current export duty
With the termination of the grain deal, wheat exports from Ukrai...
