SCO & BRICS latest news and insights
By Taimur Khan
In the shifting global economic and geopolitical environment, the BRICS group—comprising Brazil, Russia, India, China, and South Africa—stands out as a symbol of a diversifying global power structure, challenging the traditional dominance of Western economies. This alliance of burge...
By Timofei Bordachev
Discussions about what BRICS can actually do and what it can’t should begin with an understanding of how much the achievements or failures of other international institutions are related to their individual characteristics. The second may be a theoretical task, but it makes cl...
By Ivan Timofeev
The creation of new financial mechanisms through BRICS is one of the most promising fields for the development of the association. In the final declaration of the BRICS countries after the 2023 Summit, financial policy was given quite a lot of attention. In particular, it was sta...
The Chinese economy's data for the first two months of 2024 has pleased economists and investors. Retail sales increased by 5.5% in January-February, surpassing the forecast of 5.2% by economists surveyed by Reuters. Industrial production also rose by 7%, exceeding the forecast of 5%. Investments in...
India has not purchased premium grades of Russian oil, including ESPO and Sokol, for the past two months. Despite the expectations of a collapse in Russian exports, this has not occurred. Instead, India is negotiating for additional preferences from Russia due to the decreasing discount on Russian...
By Rhod Mackenzie
Shipping via the sea lanes forms the backbone of trade corridors between the European Union and China, accounting for 90% of trade. According to Eurostat, imports from China in 2022 amounted to 627 billion euros, and exports amounted to 234 billion euros. The largest importer of...
