SCO & BRICS latest news and insights
By Rhod Mackenzie
In 2023 there was a lot of talk in the run up to the BRICS summit in Johannesburg about whether the BRICS would announce a gold backed currency,I was skeptical and I was correct as I did not think it was something the BRICS were ready to do.However that said its not that I don't...
By Rhod Mackenzie
The Russian government has approved the third stage of modernisation of the Baikal-Amur and Trans-Siberian Railways (BAM and Trans-Siberian Railway) until 2035. The total cost of work will be 3.7 trillion rubles. Russian Prime Minister Mikhail Mishustin announced this on 2 May.
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The Former US President Donald Trump, again striving to become the “leader of the free world,” is trying to prevent countries around the world from abandoning the use of the dollar. How will he take revenge and how will this threaten the economy? And what should Russia do in this situation with its...
By Rhod Mackenzie
The US has temporarily allowed transactions with Russian banks, including Sberbank and VTB. Transactions are only possible in the energy sector and will be agreed before 1 November this year. Why did Washington take this decision and how will it affect the market?
The US Treasur...
By Rhod Mackenzie
On 27th April the Russian President Vladimir Putin held a meeting on economic issues.
Here are the highlights
“The data from the beginning of the year turned out to be higher than the forecasts of the government, the Bank of Russia and some experts. In January-February, Russia’...
By Rhod Mackenzie
The Chinese currency, the yuan, has overtaken the Japanese yen to become the fourth most used currency in international payments via the SWIFT system. Its share of the market has reached 4.7%, almost twice as much as last year. However, the data does not take into account the Rus...
