SCO & BRICS latest news and insights
By Rhod Mackenzie
Argentina has no plans to to take up its invitation to join BRICS on January 1, this was confirmed by Diana Mondino, a senior economic adviser to the country's president-elect, Javier Milei, in an interview with Sputnik Brazil on Monday.
The invitation to join BRICS was approve...
By Rhod Mackenzie
The North-South ITC's development will notably boost agricultural exports from the southern territories of the Russian Federation. By 2030, market participants estimate that it could potentially reach 30 million tonnes. However, Iran's trade relations' progression is delayed by p...
By Rhod Mackenzie
Russia has amassed “billions” of rupees with restricted convertibility through trading with India. However, as Indian exports to Russia are ten times less than their imports, these rupees cannot be utilised. In response, partners suggest investing them in local corporate bonds....
By Rhod Mackenzie
The principal sectors of the Russian economy have either adapted to sanctions or fully recovered from them, as the nation displays a level of resilience greater than Western governments anticipated, according to a Bloomberg report on Thursday.
Industries such as manufacturing,...
By Rhod Mackenzie
Russia's economic partnerships with Asian and African nations have expanded while trade connections with the European Union have weakened, as per the most recent report by the Federal Customs Service (FCS).
Recently published data illustrates that exports to Asia escalated to $...
By Rhod Mackenzie
The Russian economy has reached the level that it was at in February 2022, mostly due to non-standard solutions according to the latest reports. According to the architects of the sanctions, restrictions were introduced to weaken the ruble and the Russian economy. This, however,...
