SCO & BRICS latest news and insights
By Rhod Mackenzie
The international depository Euroclear earned about 4.4 billion euros in interest income from the frozen Russian assets in 2023, according to a press release on the website of this financial organization.
“In 2023, interest on cash balances from Russian assets subject to sanctio...
By Rhod Mackenzie
The January release of the IMF's flagship quarterly forecast, the World Economic Outlook, was notable for the upward revaluation of forecasts for the economic dynamics of most of the major economies in the world. Global economic growth is now estimated at 3.1% in 2024, up from 2....
By Rhod Mackenzie
Cyprus has reported a significant exodus of large Russian companies from its jurisdiction. The number of such companies is already approaching double digits, and this is likely not the limit. Many of them are returning to Russia. The article raises questions about why the flight...
By Timofey Bordachev
Despite the deepening military-political crisis in relations between Russia and the West, and the uncertain future of Ukraine, Moscow cannot forget about its other neighbours in the former USSR, particularly Central Asia. This region is home to five independent republics that...
By Rhod Mackenzie
The International Monetary Fund has revised its growth forecast for the Russian economy in 2024, more than doubling its previous estimate from 1.1% to 2.6%. This marks a significant increase in optimism compared to last year's forecast. The IMF forecast shows that the Russian eco...
By Rhod Mackenzie
A ceremony was held in Egypt, on the Mediterranean coast, west of Alexandria, to pour concrete into the foundation of the fourth power unit of the El-Dabaa nuclear power plant. This project is another export venture of Rosatom, the leader of the global nuclear industry. The event...
