SCO & BRICS latest news and insights
Saudi Arabia officially joined the BRICS alliance becoming the first large oil-producing country to enter the bloc. BRICS initiated a power move with Saudi Arabia’s inclusion as they now control nearly half of the world’s oil output. The development puts the US prospects in peril as America only hol...
Over the past year, the BRICS economic alliance has grown notably in its prominence. Indeed, the bloc enacted its first massive expansion since 2001, inviting six nations to join its ranks. Subsequently, amid that expansion, the BRICS alliance is predicted by Goldman Sachs to dominate global GDP by...
By Rhod Mackenzie
Konstantin Ordov, the Director of the Higher School of Finance at the Russian Economic University, explained to Izvestia on February 5 why the European Commission does not plan to impose new import bans on goods from Russia in the 13th package of anti-Russian sanctions. He stated...
By Rhod Mackenzie
The Indian rupee begins trading on Thursday, February 1, with a slight decline against the American currency - by 0.08%, to 82.97 per dollar. Overall, the pair has traded around 83 per dollar since mid-January, slightly weaker than its four-month high of 82.8 reached on January 1...
By Rhod Mackenzie
The share of settlements between Russia and the BRICS countries in national currencies in 2024 will most likely remain at the level of 85%, but there is also the possibility of a slight increase, Maxim Markov commented to RIA Novosti, he is an Associate Professor of the Departme...
By Rhod Mackenzie
The share of national currencies in interstate settlements between Russia and Kyrgyzstan exceeded 88% last year, said the Rusian Prime Minister Mikhail Mishustin.
“It is important that Russian-Kyrgyz interaction and trade and economic cooperation are developing successfully. In...
