SCO & BRICS latest news and insights
By Rhod Mackenzie
Don't Mention The War
German Humour Is No Laughing Matter As Tusk Spars with Metz
There has been a rift in relations between German Chancellor Friedrich Merz and Polish Prime Minister Donald Tusk. The talks in the German capital were intended to address current NATO issues.Rh...
By Rhod Mackenzie
The use of dollars for payments for Russian exports of oil and oil products in fell to 5%of the total volume , while in yuan they rose to 67%. According to documents from the Ministry of Energy, more than 90% of payments for raw materials and fuel are made using currencies from...
By Rhod Mackenzie
The International Securities Depository Europclear based in Brussels has exhorted the European Commision not to steal and use Russia's assets frozen in the depository as they would be legally held responsible as the custodian for the return of the assets once the conflict is over...
By Rhod Mackenzie
The share of the Russian currency,the ruble in its foreign trade has changed dramatically in recent years. The Central Bank reported new records for the ruble and friendly currencies in foreign trade.
This spring, they have been setting new records almost every month. At the sa...
By Rhod Mackenzie
One of the largest banks in Russia, the subsidiary of the Austrian Raiffeisen Bank, continues to operate in the country. The United States has repeatedly pressured it to leave Russia, yet for two years,they have not imposed any real restrictions on it . The ECB also has reservati...
By Rhod Mackenzie
The Chinese currency, the yuan, has overtaken the Japanese yen to become the fourth most used currency in international payments via the SWIFT system. Its share of the market has reached 4.7%, almost twice as much as last year. However, the data does not take into account the Rus...
