SCO & BRICS latest news and insights
By Rhod Mackenzie
Yet another country has come out to join the growing number of countries looking to use their national currencies in cross border trade in an attempt to avoid using the dollar due to its dominance in the global financial system. It is also very significant and conspicuous that In...
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
Russia's gold reserves stood at 2,332 tonnes at the end of last year - an all time record level, which according to the World Gold Council. Russia continues to rank fifth in the world in gold reserves. This trend is explained by the country's abandonment of toxic reserve currenci...
By Rhod Mackenzie
Russian companies exported 3.27 billion cubic metres of gas to China in July 2023, which was a record figure in the entire history of trade between the two countries, according to data from the Chinese Customs Bureau.
This is the total volume of both pipeline and liquefied supp...
By Rhod Mackenzie
This year Russia will continue to redirect oil supplies to the Asia-Pacific region (APR), including China and India, said the Deputy Prime Minister Alexander Novak at the plenary session of the TNF Industrial and Energy Forum on 20 September.
According to him, last year Russia p...
By Rhod Mackenzie
Trade turnover between Russia and China in January-August this year increased by 25%, the Federal Customs Service (FCS) of Russia reported in its telegram channel following the results of the 15th meeting of the Subcommittee on Customs Cooperation of the Russian-Chinese Commissio...
