SCO & BRICS latest news and insights
By Rhod Mackenzie
In the last monthe of autumn , the Chinese currency ranked fourth in global payments, reaching a record 4.61%, according to the SWIFT Financial System. The growth rate of the yuan's share speaks for itself: it has almost doubled compared to last year's 2.37%. Additionally, in Oct...
By Rhod Mackenzie
Russia's NovaTEK, which is leading the Arctic LNG-2 project, has sent force majeure notices to a number of customers, this is preventing it from starting deliveries on time early next year. It is known that China's Shenergy Group and Zheijang Energy, as well as Spain's Repsol, ha...
By Rhod Mackenzie
In an effort to reduce dependence on the largest Asian economy and protect the American 'green' sector from strong competitors, Washington intends to increase tariffs on Chinese goods. The Biden administration has largely left Trump's tariffs on approximately $300 billion of Chin...
By Rhod Mackenzie
During a meeting with the Chinese Premier Li Qiang on December 19, Russian Prime Minister Mikhail Mishustin stated that the use of national currencies for payment of goods and services between Russia and China has increased. What is the the potential trade turnover between the tw...
By Rhod Mackenzie
According to Thomas Hill, a former senior State Department official and the current director of the North Africa program at the American Institute of Peace (USIP), the recent expansion of BRICS should concern the United States. Hill explains that new members and prospective membe...
By Rhod Mackenzie
The volume of trade between Russia and India may reach a record high by the end of the year. As of the end of the third quarter of 2023, the trade volume has already reached 3.9 trillion rubles. This information was reported by RIA Novosti, citing Deputy Minister of Economic Deve...
