SCO & BRICS latest news and insights
By Rhod Mackenzie
On 2nd November at 18:00 Moscow time, trading on the St. Petersburg Stock Exchange was suspended due to it falling under the sanctions imposed on Russia entities. Although trading of Russian shares continued on the next day from 2 p.m., foreign securities trading has not yet resu...
By Rhod Mackenzie
The Foreign Affairs committee of the US congress has backed the transfer of the Russian assets that are currently frozen abroad to the Ukraine, on the condition that "if necessary, the funds will be transferred to the US government." However, this idea lacks support within the Eu...
By Rhod Mackenzie
Russia's GDP increased by 5.1% YoY in Q3 2023, according to the latest monetary policy report released on Tuesday by the country's central bank.
The regulator's estimates indicate that the Russian economy displayed notable growth in both Q2 (4.9%) and Q3, resulting in the centr...
By Rhod Mackenzie
The Russian component of the grain agreement stands at zero, and despite UN attempts to restart negotiations, there has been no progress, this was stated by the Russian Foreign Minister Sergei Lavrov during an ambassadorial round table on a Ukraine settlement held on Wednesday, 8...
By Rhod Mackenzie
The proportion of BRICS nations, inclusive of upcoming members, in the global GDP is set to rise from 36% to 45% by 2040, more than twice the proportion held by the G7 countries, according to a report by Bloomberg. The Associate Professor of the Department of Economic Policy at t...
By Rhod Mackenzie
The Russian economy has recovered well following the extensive sanctions enforced by Western governments; however, the mid-term outlook is less promising, as stated in a report by the International Monetary Fund (IMF).
Due to the favourable financial progress, the IMF has update...
