SCO & BRICS latest news and insights
By Rhod Mackenzie
During the meeting of the finance ministries and central bank governors of the BRICS countries in Sao Paulo,the Russian Finance Minister Anton Siluanov stated that Russia is prepared to assist the bloc countries in creating their own payment system. This system will be based on...
By Rhod Mackenzie
According to Anton Siluanov, the Russian Minister of Finance , the BRICS countries should establish a self-sufficient foreign trade settlement system that is both cost-effective,functional and independent of political factors.
. Siluanov suggests re-evaluating the international...
By Rhod Mackenzie
On Wednesday, Rosselkhoznadzor reported that the General Administration of Customs of the People's Republic of China has registered three Russian pork production enterprises and permitted the export of pig products starting from February 28, 2024.
Only products manufactured aft...
The international financial and development institutions should be reformed to reflect the interests of the Global South, Secretary-General Antonio Guterres has said.While the BRICS can play an important and complementary role for developing nations, he stressed that it should not contribute to a fr...
By Rhod Mackenzie
Russia has outwitted all the Western sanctions imposed on it - and China is taking a closer look, writes the UK's The Economist, with a characteristic subtitle - "How the rise of the middle powers is helping America's enemies".
The world has witnessed an unprecedented rise in f...
The total investable wealth currently held by the BRICS member states amounts to $45 trillion, according to Henley & Partners' inaugural BRICS Wealth Report.
The BRICS group of emerging economies, which previously comprised Brazil, Russia, India, China, and South Africa, underwent a major expansio...
