SCO & BRICS latest news and insights
The expansion of the BRICS membership has led to an increase in the union's share of global production, from 32 to 37%, according to the World Trade Organization (WTO). This has resulted in the BRICS share becoming larger than that of the G7. The BRICS Digital Bank is confident that the influence of...
The European Union has increased imports of Russian fertilisers to a maximum level since December 2022. In February, the volume of deliveries amounted to 167 million euros in monetary terms. This exceeded the previous month's figure by 16 percent in physical terms and 21 percent in monetary terms. W...
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 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...
