SCO & BRICS latest news and insights
By Rhod Mackenzie
The trade volume between Russia and China is increasing and likely to hit £300 billion by the end of the current decade, according to Andrey Belousov, Russian First Deputy Prime Minister.
Speaking at a conference of the Russia-China intergovernmental commission in Beijing this...
By Rhod Mackenzie
Trade turnover between Russia and China in January-October increased by 27.7% year-on-year to reach $196.48 billion. The General Administration of Customs of the People's Republic of China (PRC) reported this on November 7.
As per published data, exports from China to Russia gr...
By Rhod Mackenzie
Of all the currencies in the G20 countries, the ruble is considered the most undervalued. Analysts from Finam have calculated that the real exchange rate is only 33 rubles per dollar, which is three times lower than the official rate. The analysts explore whether the ruble truly...
By Rhod Mackenzie
Russia and China began actively using the yuan in their trade in 2022. This is now undermining the US dollar's position as the world's reserve currency. This is the conclusion of a study by economists at the European Bank for Reconstruction and Development. Historically, it takes...
By Rhod Mackenzie
The Moscow Exchange will start currency rading in UAE dirhams with settlement in rubles on Monday, and will also allow the settlement of over-the-counter transactions with the central counterparty (CCP) with the Turkish lira and the Hong Kong dollar, according to a statement from...
By Rhod Mackenzie
The emphasis on the use of the yuan in bilateral settlements with China is inevitable, but the share of the ruble in them is also growing, the Russian Economic Development Minister Maxim Reshetnikov told reporters in Beijing.
According to him, in bilateral agreements with China...
