SCO & BRICS latest news and insights
By T.N. Ninan
Continuing with last weekend’s quarter-century theme, it is instructive to look back at the long-term forecast that captured the world’s imagination early in the new century.
Famously (some would say infamously), Goldman Sachs forecast that four emerging “BRICS” economies (Brazil,...
India, the UAE’s second-largest trading partner, has made its first-ever payment in rupees for crude oil purchased from the Emirates, signalling what could be a paradigm shift in dollar-denominated global trade transactions while giving a game-changing fillip to the booming two-way trade that is on...
Russia’s envoy in New Delhi has expressed hope that China and India will normalize relations, which have been strained due to unresolved border disputes.
Speaking to the media on the sidelines of a conference in New Delhi organized by Russia’s Valdai Discussion Club and India’s Vivekananda Intern...
By Rhod Mackenzie
According to Maxim Osadchiy, the head of the analytical department of BKF Bank, countries worldwide are actively developing alternatives to the SWIFT interbank system for making payments. However, these alternatives still only account for a small share of traffic, representing up...
By Alex Kupriyanov
Before the launch of the SMO, at Russian-Indian expert meetings, someone used to liken bilateral relations to a three-legged stool: two of the three legs - political, economic and cultural - were firmly in place, but the structure could only be stable if a third leg was eventual...
By Dr Arvind Gupta
Relations between New Delhi and Moscow have continued to strengthen despite Western sanctions on Russia. India, exercising its strategic autonomy, refrained from openly criticizing Russia's military actions in Ukraine, much to the West's disappointment. This was stated by Arvind...
