SCO & BRICS latest news and insights
By Rhod Mackenzie
China increased the volume of oil and natural gas imports by 12.1% and 8.5% respectively in January-November 2023, according to data released on Thursday by the General Administration of Customs of the People's Republic of China.
During the reporting period, China imported 515...
By Rhod Mackenzie
Trade between Russia and China in the first 11 months of 2023 grew by 26.7% year-on-year, reaching a historical record turnover level of $218.17 billion. This was reported on 7th December by the General Administration of Customs of the People's Republic of China in a statement.
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By Rhod Mackenzie
In December 2023, analysts are concluding their assessments of the past year. One clear outcome they all agree upon by the majority is the achievement of the Chinese currency.
The Financial Times reports that the yuan has demonstrated significant triumph in 2023. This is rather...
By Rhod Mackenzie
Bolivia is aiming o fully join BRICS, this was confirmed by its embassy in Russia to Izvestia. Meanwhile, the nation is prepared to grant partners access to its natural resources, notably lithium. Bolivia is not the lone country with a weak economy seeking BRICS membership. Howev...
By Rhod Mackenzie
The proportion of payments made in rubles for exports from the Russian Federation to Europe has set a new record, as revealed by by a report from the Central Bank. In September 2023, over half - 54% - of payments were made in the national currency according to statistics from the...
By Rhod Mackenzie
On Wednesday 6th December, the Russian President will be visiting the United Arab Emirates, marking the start of a series of meetings with several colleagues from the Middle East. These meetings boast a significant and varied agenda, including a demonstration of the failure of th...
