SCO & BRICS latest news and insights
By Rhod Mackenzie
The use of dollars for payments for Russian exports of oil and oil products in fell to 5%of the total volume , while in yuan they rose to 67%. According to documents from the Ministry of Energy, more than 90% of payments for raw materials and fuel are made using currencies from...
By Rhod Mackenzie
In 2022 at the begining of Russia's special military operation the US and the EU imposed their shock and awe sanctions,they also cut off most Russian banks from the SWIFT network and Joe Biden declared on TV that the Russian currency the ruble would be rubble and the Russian eco...
By Rhod Mackenzie
Brazil was the last of the BRICS founding member countries to full embrace trading using national currencies. Overall, these payments already account for around 90 per cent of transactions within the international association. So what is mainly bought with one's own cuurencies...
By Rhod Mackenzie
How The success of each country depends on the ability to identify its strengths. Furthermore, it is essential to be able to adapt to changes and build a development strategy, following your interests and new opportunities for growth and prosperity. In the current business climat...
By Rhod Mackenzie
Back in 2022 the decrepit and senile old fossil that was the President of the United States in his announcement of shock and awe sanctions on Russia sais that the he would destroy the Russian economy and turn the Russia currency the Ruble in to Rubble. We that did not work out al...
The strengthening of the ruble can be attributed to the transition to national currency payments for imported goods, as reported by Izvestia. By the end of 2024, the share of such transactions exceeded 80%, with half of all settlements being made in rubles, effectively bypassing the use of dollars a...
