Economy

BRICS-Guterres

UN Secretary-General To Attend BRICS Summit As A Powerful Multipolar Group Emerges

Africa, BRICS, China, Economy, India, Infrastructure, Trade

The Secretary-General of the United Nations (UN), Antonio Guterres, is to attend the 2024 BRICS Heads of State summit, which kicks off today (October 22) in Kazan, Russia. The UN is an official observer to the group, however Guterres personal participation sends a strong signal that the BRICS is very much now part of what […]

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BRICS Pay Card

BRICS Pay Launches, Will Be A Global Payments Game Changer 

BRICS, Economy, Finance, Trade

The BRICS Pay system has been launched, with immediate implications for the future role of the US dollar, and the use of financial sanctions upon other countries. The system bypasses the US controlled SWIFT payments system, disregards the US dollar as a preferred currency and allows instant settlement in sovereign currencies instead.  It is likely

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GDP Growth

Putin – 2025 Economic Growth to be in Russia, China, India and Saudi Arabia

Africa, China, Economy, Finance, India, Trade

Russian President Vladimir Putin has forecast that the economies of Russia, China, India, and Saudi Arabia will show strong positive growth over the coming years, while it will also be advanced in Africa and Southeast Asia. Speaking at a BRICS media event, he stated “Growth, positive growth will be in such strong countries as China,

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SCO-USD

Calls For Shanghai Cooperation Organisation Independent Payments Mechanism: Implications For BRICS, SWIFT, US Dollar, Euro and British Pound

BRICS, Economy, Finance, Infrastructure, Shanghai Cooperation Organisation, Trade

Readers will be familiar with discussions amongst the BRICS countries to establish a SWIFT alternative payments and settlements platform, however the concept is now spreading. Russia is calling for the removal of obstacles to the implementation of plans to increase the share of national currencies in mutual settlements between the Shanghai Cooperation Organization (SCO) countries

Calls For Shanghai Cooperation Organisation Independent Payments Mechanism: Implications For BRICS, SWIFT, US Dollar, Euro and British Pound Read More »

Serbia Russia

Serbia Abandons EU in Favour of BRICS: Other European Union Candidates Progress and the BRICS Alternative

BRICS, Economy, Trade

The Kremlin spokesman Dmitry Peskov has stated that the BRICS is a more welcoming and member-oriented group than the European Union, commenting on the possibility that Serbia could seek to join the BRICS bloc. His comments came after Belgrade said that instead of EU membership, it would explore the option of joining BRICS, which is

Serbia Abandons EU in Favour of BRICS: Other European Union Candidates Progress and the BRICS Alternative Read More »

New Market Exit Terms For ‘Unfriendly’ Investors In Russia

Economy, Finance

The Russian Ministry of Finance has introduced significant changes to the market exit conditions of Russian based assets owned by individuals or entities from so-called “unfriendly” states or companies controlled by them. These are as follows: The above requirements are applicable both to new petitions for obtaining the permission of Government Commission for Control over

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Zimbabwe Academic Compares IMF With BRICS Bank

BRICS, Economy, Finance, Trade

Kudzai Dominic Chiwenga, an associate professor at the University of Zimbabwe, has spoken about currency strategies and compared the World Banks ‘International Monetary Fund’ (IMF) with the BRICS New Development Bank (NDB). The NDB, he has said, provides more flexible and supportive terms than the IMF. Chiwenga, who is also the Chairman of the Zimbabwe-Russia

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CIS Lead Image1

Meeting of the Heads of State of the Commonwealth of Independent States

Commonwealth of Independent States, Economy, Eurasian Economic Union, Security, Trade

On October 8, the heads of the Commonwealth of Independent States (CIS), currently chaired by Russia, met in Moscow . The leaders of Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Turkmenistan and Uzbekistan are taking part in it. There is a Free Trade Agreement between CIS member countries, but the CIS FTA differs from the

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Is European Myopia Towards Russia Damaging Its Ability To Recover Its Economies?

BRICS, Economy, Security, Trade

Or: Is This Article Russian Propaganda or an Intellectual Debate? You Decide.  The extraordinary lengths to which Europe has gone to support Ukraine – and in turn, seek to turn public support for the countries leadership and therefore pursue a highly aggressive anti-Russian stance are unprecedented over the past century. Never to such an extent

Is European Myopia Towards Russia Damaging Its Ability To Recover Its Economies? Read More »

BRICS Digital

Putin Says BRICS Payment System In Progress, Nasdaq Says Would Disrupt US Dollar and Euro

BRICS, Economy, Finance, Trade

The Russian President Vladimir Putin has been speaking at the Russian Energy Week forum in Moscow, and stated as part of his speech that the BRICS member nations are jointly developing a payment and settlement framework to be used for trading within the group. Putin stressed that supplies of Russian oil and gas to ‘friendly’

Putin Says BRICS Payment System In Progress, Nasdaq Says Would Disrupt US Dollar and Euro Read More »

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