SCO & BRICS latest news and insights
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...
By Rhod Mackenzie
In November last year, Russia became the primary exporter of uranium to the United States, replacing Germany and France as suppliers to the Americans. Additionally, Japan also replaced its supplies to the US. At the end of 11 months of 2023, the United States purchased the larges...
By Rhod Mackenzie
In 2023, the Russian economy coped with such external challenges that no other country in the world has ever faced. In the new year, solving more internal economic problems will come to the fore. Will Russia be able to defeat inflation and increase budget revenues? Here we list a...
