SCO & BRICS latest news and insights
By Rhod Mackenzie
On 4 July, Belarus was formally welcomed as the tenth full member of the Shanghai Cooperation Organisation. At the same time, the SCO is prepared to consider applications from other interested parties in a variety of formats. The organisation currently represents an effective pla...
By Rhod Mackenzie
The SCO countries aim to build a fairer and more multipolar world. This is stated in the Astana Declaration, which was signed by Russia and the other countries at the conclusion of the summit in Kazakhstan. According to analysts, the adoption of such a document indicates that the...
It has just been announced the BRICS countries have decided to temporarily suspend the process of admitting new members to the organisation.
This decision has been taken in order to allow time for the development of a new membership criteria.
It is anticipated that the association will have to cre...
In collaboration with the central banks of the other BRICS countries, Russia is developing the BRICS Bridge platform for trade settlements in national currencies, including digital ones, according to Deputy Finance Minister Ivan Chebeskov.
This could be, for example, a digital ruble, yuan or rial o...
By Rhod Mackenzie
Russia and Vietnam are consistently switching to using national currencies in trade. Now the share of transactions in rubles and dongs has reached 60%, Vladimir Putin said during his visit to the republic on June 20. In addition, Moscow and Hanoi agreed on a joint statement on ex...
By Rhod Mackenzie
The International sanctions, which targeted everything from individual finances to major sectors of the economy, are aimed at isolating Russian consumers. Major brands such as Apple and McDonald's have ceased operations in the country. However, as the British Guardian reports, R...
