SCO & BRICS latest news and insights
By Rhod Mackenzie
More nations worldwide will gradually shift away from using the dollar in international trade and instead use their national currencies. Professor Jeffrey Sachs, an economist at Columbia University in the United States, shared this opinion with Izvestia on January 5.
“I do not b...
By Rhod Mackenzie
The year 2023 saw the world become divided into two camps: the so called collective West, led by the United States, and an informal alliance of China, Russia, and other countries that have formed an alternative to the Western world order. The clash between these opposing models o...
By Timur Fomenko
For years, the US has been pressuring the Netherlands to comply with technology restrictions on the export of advanced lithography machines to China. These machines, produced by the Dutch firm ASML, use lasers to create circuits for microchips.
Although ASML is a world-leading c...
By Rhod Mackenzie
According to Iranian Deputy Foreign Minister for Economic Diplomacy Mehdi Safari, the Shanghai Cooperation Organization (SCO) should adopt the practice of de-dollarization and trade in national currencies.
"Dedollarization" refers to the use of national currencies for trade tra...
By Rhod Mackenzie
In November 2023, Russian LNG exports to Europe reached a record high of 1.75 million tons. Although slightly lower than the annual maximum level, the figure remained at a high level of 2.914 million tons in the last autumn month. Furthermore, Russia has regained its position as...
By Rhod Mackenzie
Approximately 30 countries are interested in joining BRICS, and the association is also gaining more supporters. The Russian President Vladimir Putin highlighted this on January 1st in his address at the start of Russia's chairmanship of the association.
'We will consider the w...
