SCO & BRICS latest news and insights
By Rhod Mackenzie
The scheme proposed in India for using the rupees of Russian suppliers for export to third countries can be implemented under two conditions: the discount on the return of proceeds must be less than the existing one, and India will have to form a sufficient pool of orders for its...
By Paulo Nogueira Batista.
The realisation of grand projects always implies imagination and persistence in overcoming all sorts of barriers and all kinds of resistance. Let us hope that the BRICS will confirm expectations entertained by the Global South and rise to the challenge of providing const...
In February 2024, the ruble became the leading currency in foreign trade settlements of the Russian Federation, with a share of 41.6% in payments for exports and 38.1% for imports. This article explores the advantages of paying in rubles for Russia and its trading partners, as well as the industries...
According to Kpler, a company that analyses global commodity flows, China is set to break its record for oil purchases from Russia this month. Based on monitoring tankers carrying Russian oil, it is expected that China will receive an average of 1.7 million barrels of oil per day throughout the firs...
By Rajiv Bhatia
On 1 January 2024, the chairship of BRICS shifted from South Africa to Russia, with a full agenda in tow. BRICS, a multilateral forum of five nations – Brazil, Russia, India, China, and South Africa – made history by accepting the applications of six other states – Argentina, Saudi...
By Rhod Mackenzie
According to the Central Bank's 'Review of financial market risks', the yuan's share in Russia's export revenues rose to 40.8% in January, while in payments for imports it increased to 38.5%.
The report states that 'against the background of a decline in foreign trade volumes i...
