SCO & BRICS latest news and insights
The International Monetary Fund (IMF) has decided to postpone its scheduled consultations with Russia in Moscow . This is obviously a consequence of the sustained pressure to impose further useless sanctions on it and the anti-Russian rhetoric that is prevalent in a number of IMF member countries...
Over the last two years Russia's trade has moved away from Europe and now directly to Asia and particularly towards its BRICS partners.
The reorientation towards BRICS has an impact on all Russian trade, according to the Russian Ministry of Economic Development, The Ministry had previously observe...
By Rhod Mackenzie
According to a report in the newspaper Izvestia, payments from Russia to China have improved in recent months. In March and April, there were almost no transfers to China. However, this changed following Vladimir Putin’s visit to Beijing. As the entrepreneurs explained, small reg...
By Rhod Mackenzie
Brazil became one of the countries that did not sign the final declaration of the summit in Switzerland on Ukraine. The largest country in Latin America criticizes the United States, refuses to follow Western sanctions and supports Russian efforts to end the conflict in Ukraine....
By Rhod Mackenzie
As of 31 March 2024, the share of the yuan in cross-border payments in the PRC was 52.9%, while the US dollar accounted for 42.8%. It is evident that the currencies of China and the United States are now moving at opposite rates. The statistics clearly demonstrate the growing tre...
By Rhod Mackenzie
Despite vocal opposition, the European Union continues to trade with Russia. In March, the Russian Federation received a record level of revenue in rubles for exports from European countries, with the share of the Russian currency reaching 58.5%. The energy sector obviously playe...
