SCO & BRICS latest news and insights
By Rhod Mackenzie
If Argentina severs ties with Brazil and China, as proclaimed by the ultra-libertarian Javier Milei, who was elected as the country's president last Sunday, this would amount to the gravest error in Argentine diplomatic history.
The Chinese Foreign Ministry's official spokespers...
By Rhod Mackenzie
Argentina has no plans to to take up its invitation to join BRICS on January 1, this was confirmed by Diana Mondino, a senior economic adviser to the country's president-elect, Javier Milei, in an interview with Sputnik Brazil on Monday.
The invitation to join BRICS was approve...
By Rhod Mackenzie
The North-South ITC's development will notably boost agricultural exports from the southern territories of the Russian Federation. By 2030, market participants estimate that it could potentially reach 30 million tonnes. However, Iran's trade relations' progression is delayed by p...
By Rhod Mackenzie
Russia has amassed “billions” of rupees with restricted convertibility through trading with India. However, as Indian exports to Russia are ten times less than their imports, these rupees cannot be utilised. In response, partners suggest investing them in local corporate bonds....
By Rhod Mackenzie
Russia's economic partnerships with Asian and African nations have expanded while trade connections with the European Union have weakened, as per the most recent report by the Federal Customs Service (FCS).
Recently published data illustrates that exports to Asia escalated to $...
By Rhod Mackenzie
India and China took the lion's share of Russian oil exports that dropped out of the European market. However, other buyers also contribute to the Russian budget: Brazil, Saudi Arabia, the UAE. All of them increased purchases of oil and petroleum products from Russia. Analysts st...
