SCO & BRICS latest news and insights
By Rhod Mackenzie
The major and influential international organisations, which have previously predicted the collapse of the Russian economy due to sanctions, have once again revised their forecasts. The World Bank now expects 2.2 percent growth by the end of the year, while the International Mone...
By Rhod Mackenzie
The German chancellor Olaf Scholz's trip to China ended with a meeting with Chinese President Xi Jinping. The key topics of the negotiations were the conflict in Ukraine and economic cooperation.
The meeting between Olaf Scholz and Xi Jinping focused on resolving the conflict in...
By Rhod Mackenzie
The German Chancellor Olaf Scholz has arrived in China for a three-day visit. However, upon his arrival, he was not greeted by an official representative of the Foreign Ministry or someone of equal rank, but rather by a third-rate official. This is a clear violation of diplomatic...
Relations between Russia and India have experienced a renaissance in recent years. In 2023, India became one of our leading trading partners; in ten months we reached a trade turnover of $55 billion (in 2022 it was $35 billion for the whole year). This country has already overtaken China to become t...
By Rhod Mackenzie
During her visit to the PRC, the US Treasury Secretary Janet Yellen accused China of engaging in 'overproduction' and unfair business practices that give Chinese companies an advantage over their US counterparts. Yellen's statements reflect the growing concerns of American busine...
In February 2024, the ruble became the leading currency in foreign trade settlements of the Russian Federation, with a share of 41.6% in payments for exports and 38.1% for imports. This article explores the advantages of paying in rubles for Russia and its trading partners, as well as the industries...
