SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia has become the leading economy in Europe and the fifth in the world in terms of purchasing power parity (PPP). It has not only overtaken Germany, but is also preparing to catch up with Japan. What does PPP mean? And how has Russia achieved such a rise?
Russia has become t...
Russia's presidency of BRICS has resulted in a total revamp of the organization, South African sherpa Anil Sooklal has told in an exclusive interview.
Sookhal, who is also his country's sherpa for the G20 and IBSA (India-Brazil-South Africa), recalled that Moscow is one of the founding members of...
At first glance, the planned BRICS expansion seems unlikely to radically reshape the geopolitical status quo. But against the backdrop of the Russia-Ukraine conflict and mounting tensions between China and the US, the move may well have wider implications for the existing global order, writes Rachel...
By Rhod Mackenzie
The Deputy Foreign Minister of the Russian Federation, Andrei Rudenko, expressed confidence that all issues regarding settlements between Russia and China, including those related to the financial messaging system (SPFS), will be resolved.
Rudenko denied any indication that Chi...
By Rhod Mackenzie
Economists warn of a significant risk of recession in the Old World due to problems in energy supply chains.
The quarterly study 'Review of Economic Experts', conducted by economists from the German economic institute Ifo and the Institute of Swiss Economic Policy (IWP), suppor...
By Rhod Mackenzie
India believes that the world should appreciate its decision to purchase Russian oil instead of criticizing it. Previously, there were calls in the EU to ban India from supplying gasoline and diesel made from Russian oil.
India believes that it is contributing to stabilizing the...
