SCO & BRICS latest news and insights
By Rhod Mackenzie
The Foreign Affairs committee of the US congress has backed the transfer of the Russian assets that are currently frozen abroad to the Ukraine, on the condition that "if necessary, the funds will be transferred to the US government." However, this idea lacks support within the Eu...
By Rhod Mackenzie
The Russian component of the grain agreement stands at zero, and despite UN attempts to restart negotiations, there has been no progress, this was stated by the Russian Foreign Minister Sergei Lavrov during an ambassadorial round table on a Ukraine settlement held on Wednesday, 8...
By Rhod Mackenzie
The proportion of BRICS nations, inclusive of upcoming members, in the global GDP is set to rise from 36% to 45% by 2040, more than twice the proportion held by the G7 countries, according to a report by Bloomberg. The Associate Professor of the Department of Economic Policy at t...
By Rhod Mackenzie
China's imports and exports grew in the first ten months of 2023, although October saw a decline in exports. On Tuesday, Chinese authorities released official data indicating that import growth exceeded expectations, demonstrating that the world's largest trading nation is resili...
By Rhod Mackenzie
The Russian economy has recovered well following the extensive sanctions enforced by Western governments; however, the mid-term outlook is less promising, as stated in a report by the International Monetary Fund (IMF).
Due to the favourable financial progress, the IMF has update...
By Rhod Mackenzie
The global order,focused on the interests of the Anglo-Saxon nations, is progressively collapsing, and this phenomenon is now irreversible. Nikolai Patrushev, Secretary of the Security Council of the Russian Federation, made this statement at a CIS gathering with colleagues in...
