95% of Russia’s trade with China and India was conducted in national currencies last year, according to Tatiana Monaghan, secretary general of the International Chamber of Commerce (ICC), in a…

On Friday, Nikkei Asia reported that according to preliminary data from the China Association of Automobile Manufacturers (CAAM), China is presently poised to become the world’s largest car exporter this…

According to the newest data released by the International Monetary Fund (IMF), the US dollars share of global bank reserves has continued to decrease, plummeting to 59.2% for the third…

In an interview with RIA Novosti, the president of the Italian-Russian Chamber of Commerce, Ferdinando Pelazzo said that the Italian business lobby in Russia is in the process of finalizing…

A new report in Bloomberg says that although China cannot mass produce semiconductor chips made using the latest cutting edge fabrication techniques, since the government generously subsidizes the semiconductor sector,…

According to Russian Prime Minister Mikhail Mishustin, Russia and China have phased out almost all use of Western currencies, with almost all payments between the countries now carried out in…

Russian Finance Minister Anton Siluanov said in a statement, that it is very important for all the BRICS member states that they develop sustainable financial relations and settlements within the…

Over the first ten months of 2023, Russia supplied China with more oil and petroleum products than it did in the entirety of 2022, according to a statement made on…

The United Nations Conference on Trade and Development (UNCTAD) issued a new report this week which found that in 2023, global trade will contract by 5% compared to 2022, and…

Two defense officials confirmed to Reuters that on Monday a commercial tanker vessel was struck by a land-based cruise missile launched from Houthi-controlled Yemen. The ship suffered a fire and…