SCO & BRICS latest news and insights
By Rhod Mackenzie
Baidu, a Chinese entity, has been procuring chips from US-based company Nvidia for a prolonged period. The ongoing technological friction between Beijing and Washington, coupled with US Department of Justice's sanctions on Chinese corporations, has resulted in the Chinese firm s...
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 US Assistant Secretary for Energy Geoffrey Pyatt stated that the United States seeks to shut down the Arctic LNG 2 initiative.
Earlier, the US Treasury increased its range of penalties towards Russia, which contains sanctions on Arctic LNG 2. Leonid Mikhelson, the head of N...
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...
