SCO & BRICS latest news and insights
By Rhod Mackenzie
According to Maxim Osadchiy, the head of the analytical department of BKF Bank, countries worldwide are actively developing alternatives to the SWIFT interbank system for making payments. However, these alternatives still only account for a small share of traffic, representing up...
By Rhod Mackenzie
The partnership between Russia and China aims to merge their economic development priorities with protection from growing Western pressure. This trend is expected to continue in 2024. According to Alexander Lomanov, a Sinologist and head of the Center for Asia-Pacific Studies at...
By Oleg Barabanov.
Both during the Russian presidency and in subsequent years, the task of further optimising the BRICS+ format, as well as possible new rounds of expansion, is slated to become a priority, writes Valdai Club Programme Director Oleg Barabanov.
The current geopolitical confrontati...
The expanded BRICS, the association of major developing economies, could become a platform for a self-sufficient dollar-free grain market, economists say.
BRICS – which is an acronym for Brazil, Russia, India, China, and South Africa – added net grain importers Egypt, Ethiopia, Iran, Saudi Arabia,...
By Rhod Mackenzie
On January 1, Russia took over the chairmanship of BRICS. Since the beginning of this year, five more countries have joined the association: Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. Argentina was also expected to join, but its new president, Javier Miley, abruptly change...
By Rhod Mackenzie
More nations worldwide will gradually shift away from using the dollar in international trade and instead use their national currencies. Professor Jeffrey Sachs, an economist at Columbia University in the United States, shared this opinion with Izvestia on January 5.
“I do not b...
