SCO & BRICS latest news and insights
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By Rhod Mackenzie

In October 2023, Russia disappeared from the list of primary centres for yuan settlements via SWIFT. This development has significant ramifications as China is one of Russia's primary trading partners.

Notably, SWIFT is an international document management system employed by fi...

By Tatiana Bokova, Intern of the Russian National Committee on BRICS Research

In an era defined by rapid technological advancements, the impact of digitalization on global trade cannot be overstated. This is particularly evident in the burgeoning relationship between Russia and India, where the i...

By Faiza Abid

For nearly eight decades, the US Dollar (USD) has remained the primary global reserve currency. However, in recent times, due to growing concerns over dependency on the greenback, countries are looking towards alternative currencies for trade and other transactions, a phenomenon reco...

By Rhod Mackenzie

On 2nd November at 18:00 Moscow time, trading on the St. Petersburg Stock Exchange was suspended due to it falling under the sanctions imposed on Russia entities. Although trading of Russian shares continued on the next day from 2 p.m., foreign securities trading has not yet resu...

By Paul Goncharoff

With all the geopolitical and economic upheavals happening on what seems an accelerated daily basis, often important details get lost in the urgency of other events. Over the past weeks we have seen BRICS steadily growing, and just the Belt & Road forum has shown clear, goal dri...

By Rhod Mackenzie

The member countries of the Shanghai Cooperation Organization (SCO) should contemplate the matter of establishing their own payment and settlement system while improving exchange trading in their respective national currencies.

According to the Russian Prime Minister Mikhail Mi...