SCO & BRICS latest news and insights
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...
By Rhod Mackenzie
The BRICS bloc commands greater respect than Western blocs. Experts have attributed this respect to the surge in countries seeking membership to the international structure, one of the founders of which is Russia, What are the criteria for selecting new BRICS members, and what be...
By Rhod Mackenzie
The General Administration of Customs of the People's Republic of China reports that the volume of Chinese exports in May increased by 7.6% year-on-year, reaching $302.35 billion. Export growth accelerated from 1.5% in April to reach its highest level since January.
Imports in M...
