For decades, the US dollar has dominated the global trade. This became possible after the establishment of the liberal world order. The US dollar enjoyed unparalleled dominance as the leading reserve currency of the world. The US Federal Reserve holds that 96% of international trade invoicing into the Americas, 74% in the Asia-Pacific region, and 79% in other countries was done in the US dollar…

The XV International Economic Forum “Russia – Islamic World: KazanForum” is taking place in the capital of Tatarstan, the city of Kazan. This forum is one of the key events in the interaction of the Russian Federation with the countries of the Islamic world – both from near and far abroad. The importance of the international platform also fully corresponds to the current global realities of a multipolar world, all in terms of interaction within the framework of the global majority…

The Ovoot-Erdenet railroad line is currently under construction in Mongolia. This railroad line is one of the key sections of the so-called “Northern Railway Corridor” – a rail highway to connect Western Siberia with the PRC, the possibility of which is envisaged in the 2016 Russia-Mongolia-China Economic Corridor Project List. The length of the Ovoot-Erdenet line is 542 kilometers and the tracks run through areas with very difficult terrain and minimal power and road transport infrastructure…

Military conflict usually begins with violations of international law and leads to disregard of all norms and conventions. Alas, the “laws” of war have their own logic, when some attack without considering the tragedy of masses of civilians and without choosing humane weapons, while others are forced to defend themselves by any means necessary to save their lives. In today’s turbulent world, when the foundations of the former world order and global security have been shaken, the institutions of international law often lose strength and prove ineffective in the face of the threat of local and regional conflicts…

The European Union is facing a severe crisis marked by unfulfilled promises of democracy, equal exchange, and shared prosperity. The situation is particularly dire for some EU nations, with Greece, according to a recent Financial Times report, on the brink of becoming the poorest member of the EU. Despite Bulgaria currently holding that position, its economic trajectory is set to overtake that of its southern neighbor…

With every single day passing, Israel has been breaking the records of brutality and war crimes in Gaza since October 7, 2023. The Israel-Hamas war has been continuing for months now. More than 34000 people, the majority of civilian women and children, have been killed in Israel’s genocide in Gaza. Israeli forces have been using various illegal weapons to torture civilians in the occupied land…

Several African nations are beginning to take decisions in order to repatriate their gold-currency reserves from the United States, notably Nigeria and Ghana. In fact – this process is in reality truly global in scope – both at the African continental level and internationally. De facto, Washington himself sawed off the branch on which he had been sitting for a long time. And with the current realities specific to the framework of the multipolar world order, the process will only accelerate…

The United Kingdom’s Ministry of Defense announced that the “UK’s most lethal tank” has rolled off the production line. The same statement would claim that British Army soldiers are “one step closer to getting their hands on one of Europe’s most lethal tanks – the Challenger 3.” However, with few exceptions, the details of the Challenger 3 main battle tank produced under a nearly $990 million contract with Rheinmetall BAE Systems provides only…

Last year saw a number of significant developments in China-Kazakhstan relations, including two official visits to China by Kassym-Jomart Tokayev, multi-billion dollar contracts, the promotion of transport and infrastructure initiatives, and an unprecedented 30 per cent growth in bilateral trade. Kazakhstan accounts for half of China’s trade and investment in the region, with trade turnover between Kazakhstan and China reaching an impressive $31 billion. By 2023, the volume of cargo between the two countries will have increased by 22 per cent to nearly 30 million tonnes…

The International Monetary Fund (IMF) and Pakistan reached a staff-level agreement in March 2024 for the release of the remaining $1.1 billion out of the total $3 billion bailout package. The 9-month bailout package was sought by the Pakistani government last year to avert the sovereign debt. The country has been dependent on IMF loans for decades to fuel its staggering economy. This was Pakistan’s 24^th engagement with the Washington-based lender…

In mid-2023, as part of its preparation of the country’s 2024 budget, Mongolia’s Ministry of Finance prepared a number of documents containing assessments of national economic development prospects for the next three years.  These documents, which are available on Mongolia’s impressively comprehensive official database, allow observers to assess the Mongolian government’s views on their country’s development potential…

US Treasury Secretary Janet Yellen’s week-long visit to China, the second in less than a year, which began on 3 April, represents a remarkable development in relations between the world’s two leading powers. Among other things, it is noteworthy because it came almost immediately after the telephone conversation between the two leaders, which was the first contact between them since they met in San Francisco on the sidelines of the next APEC summit in November 2023. In the six months since then, the long process of accumulation of various kinds of negativity in the bilateral relationship has continued…