SCO & BRICS latest news and insights
By Rhod Mackenzie
The new Gazprombank's Price Index Centre (PIC) began calculating the Commodity Price Index, an analogue of the Bloomberg Commodity Index, but for Russian goods and based entirely on Russian information. This is another important step towards creating a full-fledged information in...
By Rhod Mackenzie
Some European countries are calling for a complete refusal of Russian energy resources, while others are increasing their purchases. Which countries are we referring to? How can this apparent contradiction be explained? And what other resources from Russia does Europe suddenly re...
By Rhod Mackenzie
Since March 2022, more than one and a half thousand foreign companies have left Russia. The list included major producers of electronics, clothing, furniture and cosmetics. Some stopped all operations, others sold assets to local entrepreneurs for next to nothing. Others took a w...
By Rhod Mackenzie
Russia has become the fourth largest economy in the world in terms of purchasing power parity (PPP), a development that occurred at the end of 2021. However, it was not until 2024 that this was identified based on updated data from the World Bank. Why did it take four years to id...
By Rhod Mackenzie
Now anybody with even a limited knowledge of geography knows that Russia is the largest country in the world, its landmass is larger then the USA and Canada combined,it stretches from the Baltic Sea to the Pacific Ocean and has 11 different time zones the distance between Moscoso...
By Rhod Mackenzie
As of 31 March 2024, the share of the yuan in cross-border payments in the PRC was 52.9%, while the US dollar accounted for 42.8%. It is evident that the currencies of China and the United States are now moving at opposite rates. The statistics clearly demonstrate the growing tre...
