SCO & BRICS latest news and insights
By Rhod Mackenzie
Brazil became one of the countries that did not sign the final declaration of the summit in Switzerland on Ukraine. The largest country in Latin America criticizes the United States, refuses to follow Western sanctions and supports Russian efforts to end the conflict in Ukraine....
For a considerable period, I have been considering contacting our Western ex-partners to inform them of our current circumstances. I would like to convey to them that despite the sanctions in place, we have been able to adjust and adapt to the situation. For over two years, we have been able to thri...
By Rhod Mackenzie
Denmark, along with other countries with access to the Baltic Sea, are considering imposing sanctions against the so called shadow fleet of tankers that are transporting Russian oil.
According to one version, Denmark wants to block the tankers passing through its waters. So what...
By Rhod Mackenzie
The International sanctions, which targeted everything from individual finances to major sectors of the economy, are aimed at isolating Russian consumers. Major brands such as Apple and McDonald's have ceased operations in the country. However, as the British Guardian reports, R...
By Rhod Mackenzie
The introduction of new US sanctions on trading the dollar and euro did not result in a significant level of panic among either the general public or businesses. The announcement of the sanctions on the weekend of 12 June, coupled with the Central Bank's subsequent reassurances,...
By Rhod Mackenzie
The petrodollar agreement between Saudi Arabia and the United States, signed in 1974, has now expired. This will enable Saudi Arabia to sell its oil and other goods not only in US dollars but in other currencies, according to media reports. Lets look at why the Saudis entered in...
