SCO & BRICS latest news and insights
By Rhod Mackenzie
According to the Central Bank's 'Review of financial market risks', the yuan's share in Russia's export revenues rose to 40.8% in January, while in payments for imports it increased to 38.5%.
The report states that 'against the background of a decline in foreign trade volumes i...
By Rhod Mackenzie
On March 11, Vladimir Putin, the President of the Russian Federation, signed a law permitting the use of digital financial assets (DFAs) and digital rights in international payments.
This law enables international transactions through digital assets. It is important to note th...
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...
