SCO & BRICS latest news and insights
By Sergey Manukov
The deliveries of Russian oil by sea on August 21-27 reached, according to Bloomberg, 3.4 million barrels per day. This is 880 thousand barrels per day. more than a week earlier. Russian oil exports in the penultimate week of summer reached the maximum for 8 weeks, i.е. almost tw...
By Yaroslav Lissovolik
The 2023 BRICS summit is over and it is clear that it is one of the most historic and transformational BRICS summits on record. While there has not been much progress on critical issues such as BRICS+ trade liberalization or the creation of a new reserve currency, a major ex...
By Dmitry Migunov
The transformation of the yuan into a global convertible currency ("internationalization") is in full swing. SWIFT statistics have shown that the use of the Chinese currency in international payments has increased markedly. However, the share of the yuan on a global scale so far...
Since August 28, stamp duty on securities trading in China has been reduced by 50%, according to Bloomberg. In addition, the exchange regulator has limited the volume of sales of shares under certain conditions. Markets reacted to the government's stimulus measures with growth - CSI 300 Index soared...
By Rhod Mackenzie
The Chinese President Xi Jinping and the Indian Prime Minister Narendra Modi agreed on 24 August to seek a resolution to years of tensions along the Himalayan border area between the two nuclear-armed countries.
The Indian Foreign Secretary Vinay Kwatra stated that Modi had spo...
By Peter Skorobogaty,Alexander Smirnov and Elena Gorbacheva
The intrigue on the eve of the BRICS summit in South Africa was fundamental. The 23 states from all parts of the world that stood on the threshold of BRICS, by the very fact of being interested in an alternative platform for resolving iss...
