SCO & BRICS latest news and insights
By Rhod Mackenzie
In late 2023, Russia's gold reserves reached a new record high. This article looks at the recent changes in the structure of international currency assets, the decreasing share of the dollar and euro, the stability of this scheme, and the importance of gold for the Russian econom...
By Rhod Mackenzie
The Indian Minister of Petroleum and Natural Gas, Hardeep Singh Puri, confirmed that the country purchases Russian oil at market prices. The decrease in purchases is due to the fact that oil from Saudi Arabia, the UAE, and Iraq is currently cheaper. According to the managing dire...
By Rhod Mackenzie
Russia's gold reserves have reached a new historical record level and this is despite the huge number of sanctions imposed the the US and its allies. The Bank of Russia is buying more precious metal, plus the rising price of gold is contributing to this achievement.
This strat...
By Rhod Mackenzie
According to a review by the Association of Russian Banks , the share of developing countries, including Russia, in global GDP will exceed 60% by 2026. This indicates a shift in the balance of power in the world economy, as developing countries are no longer peripheral. The Minis...
By Rhod Mackenzie
The potential confiscation of Russian assets frozen in the West could not only trigger a backlash but also fragment financial markets, with Europe bearing the brunt of the consequences. Bloomberg reported this on Monday, January 15th.
Since the outbreak of the conflict in Ukrai...
By Rhod Mackenzie
Turkey must resist Western pressure to apply anti-Russian sanctions based on its own national interests. According to Dogu Perincek, the chairman of the Turkish Vatan (Homeland) party, this is inevitable.
Perincek stated that Turkey can only overcome its current economic proble...
