SCO & BRICS latest news and insights
By Rhod Mackenzie
Now the banks of Russia and Iran have the opportunity to carry out transactions directly, both countries have connected their systems for transmitting financial messages, Mohsen Karimi, deputy head of the Central Bank of Iran for international affairs, told the Fars news agency....
By Dr Arvind Gupta
Relations between New Delhi and Moscow have continued to strengthen despite Western sanctions on Russia. India, exercising its strategic autonomy, refrained from openly criticizing Russia's military actions in Ukraine, much to the West's disappointment. This was stated by Arvind...
The expanded BRICS, the association of major developing economies, could become a platform for a self-sufficient dollar-free grain market, economists say.
BRICS – which is an acronym for Brazil, Russia, India, China, and South Africa – added net grain importers Egypt, Ethiopia, Iran, Saudi Arabia,...
By Rhod Mackenzie
On January 1, Russia took over the chairmanship of BRICS. Since the beginning of this year, five more countries have joined the association: Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. Argentina was also expected to join, but its new president, Javier Miley, abruptly change...
By Rhod Mackenzie
According to a study cited by RIA Novosti, one-third of UN member countries have opted for de-dollarization and are developing their own national means of payment.
The analysis reviewed statements made by officials from all 193 UN countries in international and Russian media....
By Rhod Mackenzie
Approximately 30 countries are interested in joining BRICS, and the association is also gaining more supporters. The Russian President Vladimir Putin highlighted this on January 1st in his address at the start of Russia's chairmanship of the association.
'We will consider the w...
