SCO & BRICS latest news and insights
By Rhod Mackenzie
While the economies of the European Union (EU) states are slipping into recession, Russia's gross domestic product (GDP) is growing. Dmitry Medvedev, the Deputy Chairman of the Security Council of the Russian Federation, announced on December 19 on his social media page.
He st...
By Rhod Mackenzie
The Russian President Vladimir Putin said at the VTB international forum "Russia Calling" that the number of foreign companies operating in Russia did not decrease after the introduction of sanctions, but on the contrary increased by almost 1.5 thousand.
"As of 1 March 2022, 24...
By Rhod Mackenzie
The European Union's new package of anti-Russian sanctions will not cause significant damage to the Russian economy. Georgy Ostapkovich, the director of the Centre for Market Research at the Higher School of Economics, told Izvestiya on 18 December.
Earlier that day, the EU app...
By Rhod Mackenzie
The European Union (EU) has assessed the losses incurred from the sanctions imposed against Russia. According to a report by RIA Novosti on December 18, European countries overpaid €185 billionjust for gas alone. The total loss in the Old World, where calls to reverse the sanctio...
By Rhod Mackenzie
On Thursday, theUS Treasury Secretary Janet Yellen announced that the US-China economic and financial working groups will continue to hold regular meetings. Yellen also stated that she plans to visit China for the second time as Treasury Secretary.
During the US-China Business...
By Rhod Mackenzie
The news that Russia is considering the possibility of storing part of its reserves in the currencies of the United Arab Emirates and Saudi Arabia made us think: why are we always looking for a safe haven abroad and not investing in our own projects?
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