SCO & BRICS latest news and insights
By Vali Kaleji
The banking and financial relations between Iran and Russia have developed significantly in recent years under the influence of several factors, which is unprecedented in the history of relations between the two countries, Vali Kaleji writes.
Executive summary
In his article,...
By Rhod Mackenzie
Yet another country has come out to join the growing number of countries looking to use their national currencies in cross border trade in an attempt to avoid using the dollar due to its dominance in the global financial system. It is also very significant and conspicuous that In...
By Rhod Mackenzie
The Moscow Exchange will start currency rading in UAE dirhams with settlement in rubles on Monday, and will also allow the settlement of over-the-counter transactions with the central counterparty (CCP) with the Turkish lira and the Hong Kong dollar, according to a statement from...
By Ksenia Loginova
Western countries are increasing pressuring Abu Dhabi to stop exports to Russia of dual-use goods that they say are helping Moscow in the Ukrainian conflict. First of all, we are talking about microchips and other electronic components. The United States and allies have repeated...
By Mikatekiso Kubayi
The BRICS bloc was dismissed by many in the beginning, with some arguing that it does not hold sufficient power to change anything, let alone contend with the global hegemons. But BRICS is not about challenging anyone. It is about fostering cooperation and collaboration to fin...
By Anna Koroleva
In June 2023, Russia received a record share of revenue in rubles from exports to the countries of America and Europe, RIA Novosti calculated based on data from the Central Bank of the Russian Federation. The same situation is observed in "friendly currencies" - for deliveries to...
