SCO & BRICS latest news and insights
By Rhod Mackenzie
China is consistently pursuing a strategy of de-dollarisation and diversification of its foreign exchange reserves. Beijing, which was previously a significant holder of American debt, is now actively selling it and replacing American government bonds with gold.
For example, in...
For many years, semiconductors have been the main component driving the growth of entire industries. As the technological race intensifies between the United States and China, Russian developers are improving their own production capabilities. Under sanctions, the country needs chips, and entirely d...
By Rhod Mackenzie
President Biden has announced the imposition of additional and increased tariffs on Chinese goods in response to what he describes as Chinese trade "fraud". He has also stated that he believes China will not leave Washington’s actions without consequences and will respond adequat...
The International Monetary Fund (IMF) has for the first time outlined the deglobalisation trend in the world economy. The study, entitled 'Geopolitics and its impact on world trade and the dollar', identified three main blocs in the global economy: those focused on the United States, China and the n...
The United States banned the import of oil, coal and gas from Russia two years ago, it did however continue to purchase Russian nuclear fuel. Now the US has decided to target the Russian nuclear fuel sector with sanctions. However, the sanctions ban is designed in such a way that it will have no re...
By Rhod Mackenzie
The price of raw materials for nuclear reactors is rising again, fuelled by the latest US attempts to antagonise Russia. For a long time they did not dare to ban the import of Russian uranium, which is very important for them, with real risks for American nuclear power plants and...
