SCO & BRICS latest news and insights
By Akash Kalra
And so, what much of the world was anticipating eventually came to pass on August 24. At the 15th BRICS Summit in Johannesburg, South Africa, six more nations were confirmed as full members of the burgeoning economic group. And although the exact identities of the new additions - Ar...
By Jai Hamid
The global financial landscape is undergoing a dramatic transformation, with the BRICS alliance – Brazil, Russia, India, China, and South Africa – at the forefront of a daring initiative to challenge the supremacy of the US dollar.
The year 2023 has been a landmark period for this b...
By Phil Butler
As of the time of me writing this , US dollar reserves have fallen by 6.5% as foreign central banks cut ties with the currency. The BRICS countries, especially those in the global South, are leading the charge to depart from the decades-long dominance of the American currency. China...
By Rhod Mackenzie
Russia plans to reduce the share of supplies of oil and its products to European countries to 4-5% of total exports by the end of 2024. This was stated by Russian Deputy Prime Minister Alexander Novak live on the Rossiya 24 TV channel on Wednesday 27 December.
"If previously we...
By Rhod Mackenzie
By the end of 2023, Gazprom will have increased gas supplies to China by 1.5 times compared to last year. The head of the company, Alexei Miller, announced this on 27th December during a working meeting with Russian President Vladimir Putin.
"This year, gas supplies to China wil...
By Rhod Mackenzie
The Russian Foreign Minister Sergei Lavrov stated that approximately 30 countries plan to establish partnerships with BRICS and strengthen their ties with the association.
On December 26, he addressed the commission of the General Council of United Russia on international coope...
