SCO & BRICS latest news and insights
By Rhod Mackenzie
In December 2023, analysts are concluding their assessments of the past year. One clear outcome they all agree upon by the majority is the achievement of the Chinese currency.
The Financial Times reports that the yuan has demonstrated significant triumph in 2023. This is rather...
By Rhod Mackenzie
The Russian gold mining ginat Polyus plans to produce the first batch of gold at Sukholozhskaya gold processing plant in Irkutsk by 2028, according to Roman Engelgardt, the company's director for government affairs in the region.
"Once the Sukhoi Log mill achieves its designate...
By Rhod Mackenzie
Bolivia is aiming o fully join BRICS, this was confirmed by its embassy in Russia to Izvestia. Meanwhile, the nation is prepared to grant partners access to its natural resources, notably lithium. Bolivia is not the lone country with a weak economy seeking BRICS membership. Howev...
By Rhod Mackenzie
The proportion of payments made in rubles for exports from the Russian Federation to Europe has set a new record, as revealed by by a report from the Central Bank. In September 2023, over half - 54% - of payments were made in the national currency according to statistics from the...
By Rhod Mackenzie
On Wednesday 6th December, the Russian President will be visiting the United Arab Emirates, marking the start of a series of meetings with several colleagues from the Middle East. These meetings boast a significant and varied agenda, including a demonstration of the failure of th...
By Rhod Mackenzie
The market paid little attention to the thirty-sixth OPEC+ oil producers club ministerial meeting held last Thursday. Although production cuts amounting to 2.2 million barrels per day were announced, oil prices rose briefly before slumping once again.
The production quotas for...
