SCO & BRICS latest news and insights
By Rhod Mackenzie
On 2nd November at 18:00 Moscow time, trading on the St. Petersburg Stock Exchange was suspended due to it falling under the sanctions imposed on Russia entities. Although trading of Russian shares continued on the next day from 2 p.m., foreign securities trading has not yet resu...
By Rhod Mackenzie
The Foreign Affairs committee of the US congress has backed the transfer of the Russian assets that are currently frozen abroad to the Ukraine, on the condition that "if necessary, the funds will be transferred to the US government." However, this idea lacks support within the Eu...
By Rhod Mackenzie
The Russian economy has recovered well following the extensive sanctions enforced by Western governments; however, the mid-term outlook is less promising, as stated in a report by the International Monetary Fund (IMF).
Due to the favourable financial progress, the IMF has update...
By Rhod Mackenzie
Russia is taking steps to safeguard the security of its relationships with the countries of Central Asian from the unethical actions of the West, this was announced on October 8 by Alexander Sternik, the Director of the Department for CIS countries at the Russian Foreign Minist...
By Rhod Mackenzie
Washington's sanctions on Arctic LNG 2 will have an impact on business in Japan. Therefore, Yasutoshi Nishimura, Japan's Minister of Economy, Trade and Industry, stated that Tokyo will complete a comprehensive evaluation and plan a response to avoid jeopardising the country's sta...
By Rhod Mackenzie
Sanctions and the cutting of economic ties with Russia have already resulted in losses of around £1.1 trillion for the European Union. Furthermore, the mutual trade volume has also nearly reached zero. During a briefing at the Eurasian Economic Forum, Deputy Russian Foreign Mini...
