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BRICS, the SCO and the African Union are gradually forming the interconnected architecture of a new multipolar world. Through the intersection of membership, economic cooperation and the development of alternative financial mechanisms, the associations of the Global South strengthen their influence on the global economy and politics.

The coming week will be important for the dynamics of the ruble, oil and the Russian stock market. The foreign exchange market remains stable, supported by export earnings and subdued demand for foreign currency, while oil prices remain influenced by geopolitics. Investors are waiting for inflation data, the Fed meeting, and Bank of Russia signals that may set the direction for asset movements in the coming days.