Region: Latin America-Caribbean

The West believes the decision to cut oil production undermines the Western economies, thus denying OPEC+ nations the right to pursue their own economic interests

On March 27, 2023, a group of Brazilian diplomats headed by Sergio Rodrigues dos Santos, Head of the Political Planning Department, Brazilian Foreign Ministry, visited Russian International Affairs Council

The resolution of the crisis might well trigger long-awaited reforms in the global order, which should imply, among other things, a more prominent role for the Global South in the international system

A cartelization of the world economy could become a reaction of developing economies to the undermining of universal rules and norms in the economic sphere, most notably the principles of fair and open competition

Throughout 2022 the theme of BRICS expansion has taken on notable momentum as China’s BRICS+ initiative has engendered increasing aspirations from some of the largest developing economies to join the BRICS grouping

New entrants in the reserve currency space can transform the global monetary system towards greater optionality and lower exposure to geopolitical risks

Russia and Cuba have many common values ​​when it comes to their picture of the world and their place in the current balance of power

The major outcome of COP-27 was the long-awaited establishment of a fund to help particularly vulnerable countries affected by climate change

G20 largely lacks focus and prioritization, although some of the Summit’s results are positive

What should we expect from G20 summit in Bali, Indonesia?

The launching of a new reserve currency if successful will impart a transformational effect on the international financial system

On October 6, 2022, Andrey Kortunov, RIAC Director General, had a meeting with Rodrigo de Lima Baena Soares, Brazilian Ambassador to Russia, and Pawan Kapoor, Indian Ambassador to Russia