SCO & BRICS latest news and insights
By Rhod Mackenzie
The Russian State Duma plans to consider the bill on regulating cryptocurrency mining in the first reading in the coming days. The bill was drafted a year and a half ago and has since undergone several revisions. It was only recently, following the president’s order last week, th...
By Rhod Mackenzie
Last year alone, trillions of roubles were brought back to Russia by representatives of the richest class of Russian citizens. They used to believe that it was more profitable to keep money in foreign accounts, but now they take the opposite position. What has happened, and what...
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...
In February 2024, the ruble became the leading currency in foreign trade settlements of the Russian Federation, with a share of 41.6% in payments for exports and 38.1% for imports. This article explores the advantages of paying in rubles for Russia and its trading partners, as well as the industries...
The Reserve Bank of India (RBI) has kept its key interest rate unchanged for the seventh consecutive meeting as inflation remains within the target range. The repo rate remains at 6.5% per annum, as predicted by most analysts and economists.
Consumer prices in India rose by 5.1% in February, which...
During the international forum 'China's Development' at the Diaoyutai State Residence from March 25 to 27, Prime Minister of the People's Republic of China, Li Qiang, discussed the forthcoming changes to the rules governing access to the Chinese market and cross-border data flows.
The head of the P...
