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One of these is SWIFT, the global interbank messaging system from which Russian banks have been largely excluded since the invasion. This issue has drawn attention to China’s…
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DOI: 10.1108/OXAN-DB268899
ISSN: 2633-304X
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The two countries have turned to each other amid increasing isolation from international banking systems, export markets, and foreign resources and technologies. Deepening their…
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DOI: 10.1108/OXAN-DB278339
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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It has also denied engaging in discussions with Moscow about providing military assistance, a claim the US government has made to allied nations.
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DOI: 10.1108/OXAN-DB268214
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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It threatens its energy security, creates cost-push inflation due to rising prices of imported commodities and disrupts exports and supply chains. This will slow South Korea's…
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DOI: 10.1108/OXAN-DB268894
ISSN: 2633-304X
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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.