SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia's oil reserves are expected to last for only a further 26 years, according to the latest assessment given by the head of the Ministry of Natural Resources, Alexander Kozlov.
On initial observation, this figure appears to be of a frightning nature. Will Russia really run...
In Q3 2023, foreign central banks increased their international reserves to almost a trillion dollars, with nearly 8% of the assets being undisclosed. No new content has been added. In Q3 2023, foreign central banks increased their international reserves to almost a trillion dollars, with nearly 8%...
By Phil Butler
As of the time of me writing this , US dollar reserves have fallen by 6.5% as foreign central banks cut ties with the currency. The BRICS countries, especially those in the global South, are leading the charge to depart from the decades-long dominance of the American currency. China...
By Rhod Mackenzie
The news that Russia is considering the possibility of storing part of its reserves in the currencies of the United Arab Emirates and Saudi Arabia made us think: why are we always looking for a safe haven abroad and not investing in our own projects?
Stocks abroad
Let's start...
By Rhod Mackenzie
Russia's gold reserves stood at 2,332 tonnes at the end of last year - an all time record level, which according to the World Gold Council. Russia continues to rank fifth in the world in gold reserves. This trend is explained by the country's abandonment of toxic reserve currenci...
