SCO & BRICS latest news and insights
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...
By Rhod Mackenzie
Russians will be required to pay tax on the gain (NDFL) when selling gold bars starting from the end of 2024, according to the new Government regulations . The exemption from paying tax on the gain in value, which was in effect in 2022-2023, will not be extended. Financial instit...
By Rhod Mackenzie
In late 2023, Russia's gold reserves reached a new record high. This article looks at the recent changes in the structure of international currency assets, the decreasing share of the dollar and euro, the stability of this scheme, and the importance of gold for the Russian econom...
