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In the past 12 months, Bahrain, Egypt, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates (UAE) have become dialogue partners of the SCO, while Iran has become a full member.
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DOI: 10.1108/OXAN-DB281934
ISSN: 2633-304X
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A move away from the US dollar is gaining momentum, driven by the West’s use of economic sanctions, high levels of sovereign debt and a desire to de-link monetary policy from the…
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DOI: 10.1108/OXAN-DB280571
ISSN: 2633-304X
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Pronounced ruble depreciation this year attests to the efficacy of sanctions in disrupting Russia’s external trade. The weaker ruble has already provoked a spike in household…
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DOI: 10.1108/OXAN-DB281176
ISSN: 2633-304X
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RUSSIA: Use of yuan for trade payments will rise
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DOI: 10.1108/OXAN-ES282284
ISSN: 2633-304X
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However, although output has grown, a tight labour market and persistent inflation have created new problems. The reorientation of trade away from Europe has resulted in a…
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DOI: 10.1108/OXAN-DB285374
ISSN: 2633-304X
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Fostering closer trade and financial ties with countries outside the West is essential if Russia is to improve its economic security and enhance its sovereignty. For Moscow it is…
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DOI: 10.1108/OXAN-DB282333
ISSN: 2633-304X
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That represented a 1.9-percentage-point (pp) rise in import share and a 0.4-pp fall in export share. Turkey's economic and commercial ties with Europe (EU and non-EU) are strong…
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DOI: 10.1108/OXAN-DB280284
ISSN: 2633-304X
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CIS: Region will grow faster than expected
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DOI: 10.1108/OXAN-ES282283
ISSN: 2633-304X
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BRICS members seek to reduce the dominance of the US dollar in global trade; a less dollar-focused approach to development finance from the NDB is consistent with this. The BRICS…
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DOI: 10.1108/OXAN-DB279666
ISSN: 2633-304X
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RUSSIA: Kremlin opts for informal capital controls