SCO & BRICS latest news and insights
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By Yaroslav Lissovolik

Against the backdrop of a sizeable expansion in BRICS membership, debates have intensified over the expediency of the bloc’s institutionalization to cope with the rising complexity in its operations. In particular, calls have been voiced on the desirability of a permanent se...

By Rhod Mackenzie

On February 21, experts interviewed by Izvestia explained that the three largest banks in China, Industrial and Commercial Bank of China, China Construction Bank, and Bank of China, have stopped accepting payments from Russian sanctioned financial organizations due to the risk of...

By Rhod Mackenzie

The real estate crisis in China has the potential to trigger a more severe and prolonged crisis, leading to a lost decade for the country. This could have a significant impact on the global economy.
The ongoing crisis in China is not the first time the real estate market has exp...

By Davide Montagner

Amid deepening global geopolitical tensions, the recent currency swap agreement between Saudi Arabia and China is the latest in a series of initiatives that seek to put pressure on the dollar’s central role within international trade.

Last month, the People’s Bank of China (P...

By Aleksei Kuznetsov

The nations of BRICS have repeatedly called for the enhancement of their role and status within the current global financial system, which was long overdue. In this vein, the declaration of the 11th Brazil Summit held in November 2019 expressed disappointment of BRICS leaders...

Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates (UAE) were the six new additions to BRICS (Brazil, Russia, India, China and South Africa) announced on August 24 during the economic bloc’s landmark 15th summit in Johannesburg, South Africa. With the 2023 summit held under...