SCO & BRICS latest news and insights
By Rhod Mackenzie
According to a statement released by the Ministry of Foreign Affairs earlier this week, Egypt intends to negotiate a transition from the US dollar to national currencies for trade settlements with other BRICS countries.
The ministry stated that using national currencies would r...
By Rhod Mackenzie
Trade between India and Russia reached a record $54.7 billion. The majority of this volume comes from Russian exports. As a result, the Russian Federation has accumulated rupees, which are difficult to convert. The solution to this problem is increasingly being cited as reinvestm...
By Emil Boev
The Bretton Woods system was created in 1944 and gave the American dollar an unprecedented role as the world's reserve currency. It also established a fixed exchange rate between the dollar and gold, with approximately one gram of gold per dollar. Individuals were able to exchange pap...
By Rhod Mackenzie
According to the Russian Foreign Minister Sergei Lavrov, Russia's primary objective in global trade is to establish a long term partnership with China. Lavrov believes that the 75-year relationship between Russia and China is currently at its best level in history.
Alexander Ba...
By Rhod Mackenzie
The Deputy Prime Minister of the Russian Federation and Head of the Ministry of Industry and Trade, Denis Manturov, stated that only 100 out of 500 European companies have officially left the Russian market. Manturov made this statement during the plenary session of Industry Day...
By Rhod Mackenzie
The sabotage of the Nord Streams is the biggest threat to North Atlantic unity and the unity of the European Union. Recently,the German publications Suddeutsche Zeitung and Die Zeit reported that Sweden intends to halt the investigation into explosions on gas pipelines because i...
