SCO & BRICS latest news and insights
By Rhod Mackenzie
The economic weight of the European Union and the euro area in the world has been declining for the last three decades. Events since 2019 have intensified this trend, and the sanctions against Russia, which have boomeranged on Europe itself, are making the trend downwards totally...
By Rhod Mackenzie
The BRICS countries are developing a strategy to deal with the risks to the global economy posed by the high debt and budget deficits of Western countries, Russian Finance Minister Anton Siluanov said in an interview with RIA Novosti.
The minister recalled his experience of part...
By Rhod Mackenzie
In February 2022, Western countries began to introduce an unprecedented package of sanctions against Russia. Over the past two years, it is already possible to summarise some results and assess how and what the restrictions have affected.
GDP grew unexpectedly strongly at the e...
By Rhod Mackenzie
Russia's pivot towards the East would not have been possible without modernisation, including the railway infrastructure. The development of the Eastern training ground of Russian Railways has been ongoing for several years, with the third stage expected to commence this year. W...
By Rhod Mackenzie
The research firm New World Wealth (NWW) has ranked Vietnam at the top of its new ranking of wealth growth over the next decade. The ranking was compiled with the participation of analysts and economists from the consulting company Henley & Partners.
Vietnam, which just a few y...
By Emil Boev
The Bretton Woods system was created in 1944 and gave the American dollar an unprecedented role as the world's reserve currency. It also established a fixed exchange rate between the dollar and gold, with approximately one gram of gold per dollar. Individuals were able to exchange pap...
