SCO & BRICS latest news and insights
By Rhod Mackenzie
Brazil was the last of the BRICS founding member countries to full embrace trading using national currencies. Overall, these payments already account for around 90 per cent of transactions within the international association. So what is mainly bought with one's own cuurencies...
By Rhod Mackenzie
A recent survey of 75 central banks world wide has illustrated a serious reorientation of financial flows, with a shift away from the dollar and towards gold, the euro, and the yuan. Lets recall Russia pioneered this trend over a decade ago after sanctions were introduced against...
By Rhod Mackenzie
How The success of each country depends on the ability to identify its strengths. Furthermore, it is essential to be able to adapt to changes and build a development strategy, following your interests and new opportunities for growth and prosperity. In the current business climat...
It is widely acknowledged and also anticipated that Trump will begin to exert economic pressure on China at the beginning of his second term, as evidenced by his appointments to key posts in his administration and the experience that he has gained over the previous four years. However, despite its...
Over the last two years Russia's trade has moved away from Europe and now directly to Asia and particularly towards its BRICS partners.
The reorientation towards BRICS has an impact on all Russian trade, according to the Russian Ministry of Economic Development, The Ministry had previously observe...
By Rhod Mackenzie
The share of the Russian currency,the ruble in its foreign trade has changed dramatically in recent years. The Central Bank reported new records for the ruble and friendly currencies in foreign trade.
This spring, they have been setting new records almost every month. At the sa...
