SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia has amassed “billions” of rupees with restricted convertibility through trading with India. However, as Indian exports to Russia are ten times less than their imports, these rupees cannot be utilised. In response, partners suggest investing them in local corporate bonds....
By Rhod Mackenzie
India and China took the lion's share of Russian oil exports that dropped out of the European market. However, other buyers also contribute to the Russian budget: Brazil, Saudi Arabia, the UAE. All of them increased purchases of oil and petroleum products from Russia. Analysts st...
By John Gong
The architects of the current global governance system have failed the world. Not only didn’t they redeem the sins of their ancestors, but we now have the leaders of the richest club in the world convening every year preaching to the rest of the planet about the rules-based order, whi...
By Premeshin Naidoo
Indian Prime Minister Narendra Modi has been flying his country's flag in Africa lately, seeking to expand trade and investment ties between the two.
He kicked off the Group of 20 summit in New Delhi in September with the announcement that the African Union would become a per...
By Rhod Mackenzie
According to a report by Bloomberg, the five current members of the BRICS group have increased trade by 56% between 2017 and 2022, reaching around $422 billion in total last year.
BRICS currently comprises Brazil, Russia, India, China and South Africa, but will be joined by Arg...
By Rhod Mackenzie
The export of goods from China to the United States fell by 16.4%, while imports fell by 6%. This data, is based on the results of first three quarters of 2023, were published by the General Administration of Customs of the People's Republic of China. What is the explanation for t...
