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Economy



US announces sweeping sanctions against Russia's 2 largest oil firms

The United States has launched its most comprehensive economic measures against Russia, targeting its two largest oil companies, Rosneft and Lukoil, as efforts to resolve the war in Ukraine remain stagnant. The sanctions, announced by Treasury Secretary Scott Bessent on October 21, 2025, represent a......

Moscow-Morocco trade surges 73% as Russian exporters target North Africa

Trade between Moscow and Morocco has surged by 73% in the first half of 2025 compared to the same period last year, reflecting a major expansion of Russian economic activities in North Africa. Anatoly Garbuzov, Minister of the Moscow City Government and Head of the Department of Investment and Industrial......

Brics nations advance de-dollarization, reshaping global financial order

A growing movement among Brics nations to reduce reliance on the US dollar in global trade is challenging longstanding American financial dominance. By adopting local currencies for international transactions, the alliance of emerging economies is reshaping the global financial landscape and provoking......

Morocco and Russia enhance civil aviation and road transport cooperation

Morocco and Russia held discussions focused on expanding collaboration in civil aviation and road transportation during the Global Transport Connectivity Forum in Istanbul. Moroccan Transport and Logistics Minister Abdessamad Kayouh met with Russian Deputy Transport Minister Dmitry Zverev to explore......

Morocco Unveils Strategic Wheat Import Support Plan Amid Drought Crisis

Morocco has announced a comprehensive financial support system for soft wheat imports, set to launch in early 2025, as the country grapples with severe drought conditions affecting domestic production. The initiative, spanning from January to April 2025, represents a coordinated effort between the Ministry......

Morocco Signals Interest in BRICS Membership Amid Global Economic Realignment

Morocco has joined over 20 nations expressing interest in BRICS membership, according to Russian Presidential Advisor Yuri Ushakov's announcement during a Monday press conference. The development follows October's Kazan Summit, where BRICS partners established a new partnership framework enabling......

Challenging the Global Order: The Pursuit of Economic Independence in a Dollar-Dominated World

In an increasingly interconnected global economy, a growing number of nations are questioning the current international order and seeking alternatives to U.S. dollar dominance. This shift in perspective is not merely about economic policy; it represents a fundamental challenge to the existing power structures......

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