SCO & BRICS latest news and insights
Trade between India and China has hit a historic high of $136.2 billion, Beijing's envoy stated at a function in New Delhi, suggesting that over the past year, relations between the neighboring states have gained "positive momentum."
Bilateral trade grew by just 1.5% - it stood at $135.9 billion i...
By Yaroslav Lissovolik
Against the backdrop of a sizeable expansion in BRICS membership, debates have intensified over the expediency of the bloc’s institutionalization to cope with the rising complexity in its operations. In particular, calls have been voiced on the desirability of a permanent se...
By Rhod Mackenzie
According to Vladimir Nezhdanov, an analyst at the Institute of Current International Problems (IAMP) of the Diplomatic Academy of the Russian Foreign Ministry, trade turnover between Russia and China could reach a record level of over $250 billion by the end of 2024.
The leade...
By Rhod Mackenzie
Russia's pivot towards the East would not have been possible without modernisation, including the railway infrastructure. The development of the Eastern training ground of Russian Railways has been ongoing for several years, with the third stage expected to commence this year. W...
By Rhod Mackenzie
On February 21, experts interviewed by Izvestia explained that the three largest banks in China, Industrial and Commercial Bank of China, China Construction Bank, and Bank of China, have stopped accepting payments from Russian sanctioned financial organizations due to the risk of...
Ecuador has changed its mind about exchanging Soviet equipment for new American models. According to the official position of Ecuador, the country refused the deal with the United States due to its reluctance to be drawn into the conflict, since the weapons would be redirected to Kyiv. More recently...
