SCO & BRICS latest news and insights
By Timofey Bordachev
Widely known and loved by us for his paradoxical statements, the head of European diplomacy, Josep Borrell, gave his opiniion of the effectiveness of the economic war of the European Union against Russia. In the first lines of his message, he claims that “sanctions work,” and...
By Peter Skorobogaty,Alexander Smirnov and Elena Gorbacheva
The intrigue on the eve of the BRICS summit in South Africa was fundamental. The 23 states from all parts of the world that stood on the threshold of BRICS, by the very fact of being interested in an alternative platform for resolving iss...
By By Xie Wenting in Johannesburg and Liu Xin in Beijing
The Chinese President Xi Jinping returned to China on Friday after wrapping up his 10th visit to the African continent, during which he attended the 15th BRICS Summit and paid a state visit to South Africa. Observers said that the Chinese le...
By Pepe Escobar
After a long-running buildup pinpointed by immense expectations all across the Global South, Global Majority, or “Global Globe” (as coined by Belarus President Lukashenko), the BRICS summit in South Africa, on its first day, revealed a “lost in translation” incident that should be...
By Rhod Mackenzie
With the countries of Iran, Saudi Arabia and the United Arab Emirates joining the BRICS, the multilateral mechanism now includes the World's major global oil producers and importers. Analysts now predict that a wider adoption of local currencies will be used for its trade among B...
By Anna Koroleva
In July 2023, the share of the dollar in international settlements, according to the Swift system, rose to a record 46.5%. However, as experts note, the share of settlements going through Swift itself is noticeably decreasing, so that its statistics no longer reflect the entire tu...
