SCO & BRICS latest news and insights
By Rhod Mackenzie
The year of 2025 proved to be a challenging one for the Russian economy. The imposition of even more sanctions by the West, a further decline in oil prices, the widening of the budget deficit, and the continued high cost of borrowing all contributed to the year's challenging ec...
By Rhod Mackenzie
The use of dollars for payments for Russian exports of oil and oil products in fell to 5%of the total volume , while in yuan they rose to 67%. According to documents from the Ministry of Energy, more than 90% of payments for raw materials and fuel are made using currencies from...
By Rhod Mackenzie
In 2022 at the begining of Russia's special military operation the US and the EU imposed their shock and awe sanctions,they also cut off most Russian banks from the SWIFT network and Joe Biden declared on TV that the Russian currency the ruble would be rubble and the Russian eco...
By Rhod Mackenzie
Brazil was the last of the BRICS founding member countries to full embrace trading using national currencies. Overall, these payments already account for around 90 per cent of transactions within the international association. So what is mainly bought with one's own cuurencies...
By Rhod Mackenzie
A recent survey of 75 central banks world wide has illustrated a serious reorientation of financial flows, with a shift away from the dollar and towards gold, the euro, and the yuan. Lets recall Russia pioneered this trend over a decade ago after sanctions were introduced against...
By Rhod Mackenzie
How The success of each country depends on the ability to identify its strengths. Furthermore, it is essential to be able to adapt to changes and build a development strategy, following your interests and new opportunities for growth and prosperity. In the current business climat...
