SCO & BRICS latest news and insights
By Rhod Mackenzie
The BRICS bloc commands greater respect than Western blocs. Experts have attributed this respect to the surge in countries seeking membership to the international structure, one of the founders of which is Russia, What are the criteria for selecting new BRICS members, and what be...
The International Monetary Fund (IMF) has for the first time outlined the deglobalisation trend in the world economy. The study, entitled 'Geopolitics and its impact on world trade and the dollar', identified three main blocs in the global economy: those focused on the United States, China and the n...
In 2023 the Russian budget received nearly one trillion rubles more ( $10.5 billion )from the increase of non-resource and non-energy exports. This is an impressive 85% surge and it has given a strong financial boost to the country. What products fall under this export classification, what are the...
By Pepe Escobar
Get ready for what may well be the geoeconomic bombshell of 2024: the coming of a decentralized monetary ecosystem.
Welcome to The Unit – a concept that has already been discussed by the financial services and investments working group set up by the BRICS+ Business Council and ha...
The Chinese President's visit to European countries took place against the backdrop of a sharp increase in Washington's pressure on Beijing. China would like to secure the pragmatic cooperation of sovereign European elites and defend its economic interests.
The first visit of Chinese President Xi...
By Rhod Mackenzie
The US decision to seize frozen Russian assets will be advisory in nature, with the president able to reject it. This is due to the fact that the American financial elite does not want to jeopardise the power of the “No. 1 economy” over a few million dollars.
The bill was approv...
