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Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates (UAE) were the six new additions to BRICS (Brazil, Russia, India, China and South Africa) announced on August 24 during the economic bloc’s landmark 15th summit in Johannesburg, South Africa. With the 2023 summit held under...

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 Rhod Mackenzie

Russian billionaires have withdrawn tens of billions of dollars of assets from Europe since the beginning of the Russian-Ukrainian conflict, under the influence of international sanctions and the Russian authorities' favourable asset repatriation policy. As calculated by Bloomber...