SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia's foreign trade has been almost totally reoriented towards the East, mainly towards China. Moreover, in many respects Russia's trade with China has already surpassed the peak levels of trade with the EU in previous years. As the acting head of the Federal Customs Service...
By Faiza Abid
For nearly eight decades, the US Dollar (USD) has remained the primary global reserve currency. However, in recent times, due to growing concerns over dependency on the greenback, countries are looking towards alternative currencies for trade and other transactions, a phenomenon reco...
By Kester Kenn Klomegah
The African continent is one of the fastest growing energy markets in the world. This is due to the growing economic and demographic potential of African countries, as well as the efforts of many of them to combat climate change. Despite having passed through a long period...
Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates (UAE) were the six new additions to BRICS (Brazil, Russia, India, China and South Africa) announced on August 24 during the economic bloc’s landmark 15th summit in Johannesburg, South Africa. With the 2023 summit held under...
By Rhod Mackenzie
The harvest season in Russia is almost completed. As of the beginning of November, ICAR reports that approximately 142 million tonnes of cereal crops have been threshed, which is 9 million tonnes less than the previous year's record. The wheat harvest is predicted to yield about...
The Russian-Indian joint venture for the production of AK-203 assault rifles has produced the first batch, said Dmitry Shugaev, director of the Federal Service for Military-Technical Cooperation (FSMTC). This product is currently being tested.
“The organization of production in India of AK-203 ass...
