SCO & BRICS latest news and insights
For the first time, the ruble accounted for more than 40% of both exports and imports of Russia. Furthermore, prior to the Ukrainian crisis in 2022, the share of the ruble in exports was approximately half that of imports. However, it proved more challenging for importers to switch to the national c...
The Russian president expressed confidence in the significant potential for Russian-Chinese economic collaboration, which he discussed in Beijing alongside a broader agenda. He outlined plans for enhanced interaction in key sectors, including industry and high technology, space and peaceful atom, ar...
By Rhod Mackenzie
The Russian President Vladimir Putin noted that approximately 90% of all payments between Russia and Beijing are currently conducted in rubles and yuan. He further stated that the joint decision to transfer bilateral payments into national currencies was a timely one, and that it...
For many years, semiconductors have been the main component driving the growth of entire industries. As the technological race intensifies between the United States and China, Russian developers are improving their own production capabilities. Under sanctions, the country needs chips, and entirely d...
The International Monetary Fund (IMF) has for the first time outlined the deglobalisation trend in the world economy. The study, entitled 'Geopolitics and its impact on world trade and the dollar', identified three main blocs in the global economy: those focused on the United States, China and the n...
By Oleg Barabanov.
The question of the transition from a symbolic alternative to a real one in the activities of BRICS still remains relevant. This can be seen in both political and expert discussions among member countries, writes Valdai Club Programme Director Oleg Barabanov.
During last year...
