SCO & BRICS latest news and insights
By Rhod Mackenzie
The news that Russia is considering the possibility of storing part of its reserves in the currencies of the United Arab Emirates and Saudi Arabia made us think: why are we always looking for a safe haven abroad and not investing in our own projects?
Stocks abroad
Let's start...
By Rhod Mackenzie
The proportion of payments made in rubles for exports from the Russian Federation to Europe has set a new record, as revealed by by a report from the Central Bank. In September 2023, over half - 54% - of payments were made in the national currency according to statistics from the...
By Rhod Mackenzie
In October 2023, Russia disappeared from the list of primary centres for yuan settlements via SWIFT. This development has significant ramifications as China is one of Russia's primary trading partners.
Notably, SWIFT is an international document management system employed by fi...
By Rhod Mackenzie
The trade volume between Russia and China is increasing and likely to hit £300 billion by the end of the current decade, according to Andrey Belousov, Russian First Deputy Prime Minister.
Speaking at a conference of the Russia-China intergovernmental commission in Beijing this...
By Rhod Mackenzie
Trade turnover between Russia and China in January-October increased by 27.7% year-on-year to reach $196.48 billion. The General Administration of Customs of the People's Republic of China (PRC) reported this on November 7.
As per published data, exports from China to Russia gr...
By Rhod Mackenzie
Of all the currencies in the G20 countries, the ruble is considered the most undervalued. Analysts from Finam have calculated that the real exchange rate is only 33 rubles per dollar, which is three times lower than the official rate. The analysts explore whether the ruble truly...
