SCO & BRICS latest news and insights
Container shipments from Northwestern ports have continued to recover after falling sharply following the outbreak of hostilities in Ukraine. In the first two months of the year, they increased by 121%, although in February they were still 28% behind the monthly average for 2021. Market participants...
According to Kpler, a company that analyses global commodity flows, China is set to break its record for oil purchases from Russia this month. Based on monitoring tankers carrying Russian oil, it is expected that China will receive an average of 1.7 million barrels of oil per day throughout the firs...
Iran has recently become one of the newest members of the BRICS alliance, a move that signals a significant shift in its international relations.
Along with Iran, the BRICS bloc welcomed the United Arab Emirates (UAE), Egypt and Ethiopia into its fold during the latest enlargement. However, Argent...
By Taimur Khan
In the shifting global economic and geopolitical environment, the BRICS group—comprising Brazil, Russia, India, China, and South Africa—stands out as a symbol of a diversifying global power structure, challenging the traditional dominance of Western economies. This alliance of burge...
By Timofei Bordachev
Discussions about what BRICS can actually do and what it can’t should begin with an understanding of how much the achievements or failures of other international institutions are related to their individual characteristics. The second may be a theoretical task, but it makes cl...
By Ivan Timofeev
The creation of new financial mechanisms through BRICS is one of the most promising fields for the development of the association. In the final declaration of the BRICS countries after the 2023 Summit, financial policy was given quite a lot of attention. In particular, it was sta...
