SCO & BRICS latest news and insights
By Soumya Bhowmick
In the current global economic landscape, the trajectory of multilateral institutions is undergoing a pivotal shift, and the BRICS alliance is a crucial player in this transformation. As we delve into the realms of trade, investment, and finance within BRICS, we find ourselves n...
During the 12th session of the Intergovernmental Russia-Brazil Commission on Trade, Economic, Scientific and Technical Cooperation, key developments unfolded, marking a significant stride in Russia-Brazil relations. Brazilian Foreign Ministry Secretary General Maria Laura da Rocha underscored the dy...
As the world navigates through a labyrinth of geopolitical tensions and economic uncertainties, the bond between South Africa and Russia stands as a beacon of potential growth and cooperation. In a recent conversation with TASS, South African Ambassador to Russia, Mzuvukile Jeff Maqetuka, shed light...
According to TASS, the revenue of Russia's non-resource sector large and medium-sized enterprises increased by 16.4% to 184.9 trillion rubles in 2023. Meanwhile, the revenue of oil and gas companies decreased by 3.3% to 65.8 trillion rubles, this was reported by the services analytics audit and cons...
According to data from the Central Bank, the share of ruble settlements with Africa increased from 21.9% in 2022 to 48.1%
in 2024.
Additionally, there was a significant increase in the volume of ruble settlements with American countries, rising from 22.7% to 35.1%.
The share of the Russian curren...
By Rhod Mackenzie
Chinese Foreign Minister Wang Yi stated on Thursday that the expansion of BRICS should not be viewed as a challenge.
He emphasized that the development and strengthening of BRICS countries would enhance peacekeeping forces and expand the global front of justice. This statement...
