SCO & BRICS latest news and insights
By Rhod Mackenzie
In a statement, the General Administration of Customs of the People's Republic of China reported that Chinese exports in January-February 2024 rose by 7.1% YoY to $528.01 billion, while imports increased by 3.5% to $402.85 billion.
Analysts had predicted a 1.9% increase in expo...
Egypt and Russia are in talks about establishing a logistics center in the Suez Canal zone for storing wheat supplies from Moscow, Sputnik reported, citing the North African nation's Ministry of Supply and Internal Trade.
Cairo, which counts Moscow as its major grain supplier, had previously said...
India and Russia share a "stable and very friendly" relationship and Moscow has "never hurt out interests", External Affairs Minister S Jaishankar told German daily Handelsblatt, defending long-standing ties between the two nations as the West pushes to end the war in Ukraine.
"Everyone conducts a...
China stands ready to work with all parties to continue deepening the BRICS strategic partnership, a Chinese foreign ministry spokesperson said.
Spokesperson Mao Ning made the remarks at a daily press briefing when asked to comment on a report that Venezuelan President Nicolás Maduro Moros had sai...
By Rhod Mackenzie
On March 5, during a meeting with representatives of the agro-industrial complex in the Stavropol Territory, Russian President Vladimir Putin endorsed the proposal to establish a grain exchange under the BRICS framework.
He noted that stock speculation affects prices, which in t...
On March 5, the Russian Presidential Assistant Yuri Ushakov announced that the BRICS member states plan to establish a payment system based on modern technologies such as digital currencies and blockchain.
The goal is to create an independent settlement payment system within the BRICS framework.
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