SCO & BRICS latest news and insights
By Aleksei Kuznetsov
The nations of BRICS have repeatedly called for the enhancement of their role and status within the current global financial system, which was long overdue. In this vein, the declaration of the 11th Brazil Summit held in November 2019 expressed disappointment of BRICS leaders...
By Rhod Mackenzie
According to Russia's Foreign Minister Sergey Lavrov, BRICS should remain an association and not be turned into a full-fledged organization with a secretariat. Lavrov stated in an interview with the Russian channel NTV that 'BRICS is not an organization, but an association.'
Th...
By Rhod Mackenzie
In recent years, the world has faced various shocks such as pandemics, military conflicts, and sanctions. These events have led to changes in the financial system, which China is capitalising on by promoting the yuan as an alternative to traditional payment units.
Russia also...
By Rhod Mackenzie
In the last monthe of autumn , the Chinese currency ranked fourth in global payments, reaching a record 4.61%, according to the SWIFT Financial System. The growth rate of the yuan's share speaks for itself: it has almost doubled compared to last year's 2.37%. Additionally, in Oct...
By Rhod Mackenzie
Russia's NovaTEK, which is leading the Arctic LNG-2 project, has sent force majeure notices to a number of customers, this is preventing it from starting deliveries on time early next year. It is known that China's Shenergy Group and Zheijang Energy, as well as Spain's Repsol, ha...
By Rhod Mackenzie
The arrival of a tanker from Novorossiysk to the United States in December caused a stir in Ukraine. However, the cargo turned out not to be fuel and the shipment was part of a regular apttern. The American authorities and regulators are ensuring their food security and complianc...
