SCO & BRICS latest news and insights
By Rhod Mackenzie
According to data from the Russia Central Bank , Russia's external debt has fallen below the $300 billion threshold for the first time since 2006. Foreign borrowings by the state and companies has reached an 18-year low. The reason for this is that the country is currently in the...
Russia has accumulated a record gold reserve in the last twenty-five years. In January, the share of gold in Russian reserves reached 33.3%, representing the highest figure since autumn 1999. The value of the gold reserves exceeded 200 billion dollars. Could this signal a shift away from the dollar,...
The International Monetary Fund (IMF) has decided to postpone its scheduled consultations with Russia in Moscow . This is obviously a consequence of the sustained pressure to impose further useless sanctions on it and the anti-Russian rhetoric that is prevalent in a number of IMF member countries...
The combination of the August heat and the collapse of Asian markets is likely to have a significant impact on the Globals market for years to come. They have already cause mayhem around the World. This is how the 1998 crisis in Russia began, which resulted in Russia's default on its domestic and...
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...
By Rhod Mackenzie
The Central Bank of Russia (CB) of the Russian Federation estimates that the country's gross domestic product (GDP) will grow by 4.6% in annual terms in the first quarter of this year. By the end of the current quarter, the bank expects this figure to be 4.4%. This information wa...
