SCO & BRICS latest news and insights
By Rhod Mackenzie
At the recent SCO summit in Astana, Iran again raised the topic about the creation of a single currency for the countries that are part of the BRICS. In addition, for several months now, at the instigation of the President of Brazil, the idea of creating a common BRICS currency...
By Rhod Mackenzie
Russia is experiencing a surge in oil revenue. In May, budget revenues increased by almost 50%. The total volume of oil and gas revenues for the first four months of 2024 was approximately 4.16 trillion rubles. Experts cite three main reasons for the growth: an increase in world...
By Rhod Mackenzie
SCO: What is it?
Which countries are part of the organisation?
What are the organisation's goals?
The Shanghai Cooperation Organisation dates back to 1996, when the Shanghai Five was created. The association comprised Russia, Kazakhstan, Kyrgyzstan, China and Tajikistan. The c...
By Rhod Mackenzie
In the future, Russia will honour the US President Joeseph Biden and probably the EU head Ursula Von De Lyon with a few monuments. Few leaders of countries or organisations have done more to advance Russia's development and radically change its economy and do so for its betterme...
In 2024, the chairmanship of the BRICS countries was assumed by Russia. Despite the lack of Russian actions in the Northeast Military District and the absence of sanctions from the United States and other countries, the BRICS member countries (Brazil, India, China, South Africa, the UAE, Saudi Arabi...
Despite the challenging circumstances, Russian mechanical engineering is demonstrating remarkable resilience. The decline of the industry began in the spring of 2022, coinciding with an increase in geopolitical tensions. However, this proved to be a short-lived phenomenon. The first growth impulse o...
