SCO & BRICS latest news and insights
By Rhod Mackenzie
On 2nd November at 18:00 Moscow time, trading on the St. Petersburg Stock Exchange was suspended due to it falling under the sanctions imposed on Russia entities. Although trading of Russian shares continued on the next day from 2 p.m., foreign securities trading has not yet resu...
By Paul Goncharoff
With all the geopolitical and economic upheavals happening on what seems an accelerated daily basis, often important details get lost in the urgency of other events. Over the past weeks we have seen BRICS steadily growing, and just the Belt & Road forum has shown clear, goal dri...
By Rhod Mackenzie
The member countries of the Shanghai Cooperation Organization (SCO) should contemplate the matter of establishing their own payment and settlement system while improving exchange trading in their respective national currencies.
According to the Russian Prime Minister Mikhail Mi...
By Paulo Nogueira Batista Jr.
At the 20th Annual Meeting of the Valdai Discussion Club our session is called “A World Beyond Hegemony: BRICS as a Prototype of a New International Architecture”. The theme is vast and ambitious. Ambition is appropriate. Without ambition, nothing much is achieved. Th...
By Rhod Mackenzie
Russia and China began actively using the yuan in their trade in 2022. This is now undermining the US dollar's position as the world's reserve currency. This is the conclusion of a study by economists at the European Bank for Reconstruction and Development. Historically, it takes...
By Rhod Mackenzie
After the BRICS summit in South Africa, where little to no progress was made in discussions on the issue of the creation of a single currency for the block, the Western media were unanimous in declaring the idea a failure and the utter futility the attempts at de-dollarisation, i...
