SCO & BRICS latest news and insights
By Rhod Mackenzie
On 2nd November at 18:00 Moscow time, trading on the St. Petersburg Stock Exchange was suspended due to it falling under the sanctions imposed on Russia entities. Although trading of Russian shares continued on the next day from 2 p.m., foreign securities trading has not yet resu...
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
The implementation a price ceiling on Russian oil has been seriously unsuccessful, a fact that has already been acknowledged in Europe. Nevertheless, Washington still refuses to accept this outcome and now, nearly a year later, has levied sanctions on two shipping companies. Add...
By Rhod Mackenzie
The head of the US Treasury, Janet Yellen, is regarded as one of the originators of the price ceiling on Russian oil imposed by the G7 and the European Union at $60 per barrel. She holds a positive view of her creation and has iterated its perceived efficacy, despite evidence tha...
By Rhod Mackenzie
The collective West, led by the United States, seems to have miscalculated once again. This time, Washington, London and Brussels clearly overestimated the importance of Western insurance companies, which were seen as the main means of enforcing the price cap on Russian oil intro...
By Rhod Mackenzie
The Belgian Prime Minister Alexander de Croo presented a plan to abandon Russian gems to the world's leading diamond industry representatives in New York on Tuesday, writes the Belgian publication Soir.
"Alexander de Croo proposed to the elite of the jewellery industry gathered...
