SCO & BRICS latest news and insights
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...
By Dmitry Migunov
The transformation of the yuan into a global convertible currency ("internationalization") is in full swing. SWIFT statistics have shown that the use of the Chinese currency in international payments has increased markedly. However, the share of the yuan on a global scale so far...
By Rhod Mackenzie
The jubilee meeting of the Five and its adherents in Johannesburg will obviously cost Western leaders more than one sleepless night. The members of the union celebrated the 15th anniversary with landmark decisions and signals to the whole world. At the same time, the BRICS inter...
By Anna Koroleva
In July 2023, the share of the dollar in international settlements, according to the Swift system, rose to a record 46.5%. However, as experts note, the share of settlements going through Swift itself is noticeably decreasing, so that its statistics no longer reflect the entire tu...
