SCO & BRICS latest news and insights
By Rhod Mackenzie
According to Iranian Deputy Foreign Minister for Economic Diplomacy Mehdi Safari, BRICS will have a significant impact on energy, new technologies, and aerospace.
The main challenges are energy production, transportation, and consumption. Safari stated that BRICS is addressing...
By Rhod Mackenzie
According to Iranian Deputy Foreign Minister for Economic Diplomacy Mehdi Safari, the Shanghai Cooperation Organization (SCO) should adopt the practice of de-dollarization and trade in national currencies.
"Dedollarization" refers to the use of national currencies for trade tra...
By Rhod Mackenzie
Analysts interviewed by RIA Novosti predict that gold and its related financial instruments will maintain their investment relevance and status as a hedge against inflation in 2024.
Investments in gold are considered conservative and can act as a protective asset during periods...
By Rhod Mackenzie
In November 2023, Russian LNG exports to Europe reached a record high of 1.75 million tons. Although slightly lower than the annual maximum level, the figure remained at a high level of 2.914 million tons in the last autumn month. Furthermore, Russia has regained its position as...
By Rhod Mackenzie
The year 2024 will be a significant milestone for the development of BRICS. The alliance has invited several new countries. Moscow will have to help the newcomers understand the advantages of the alternative G7 international format. Russia will hold its chairmanship in the organi...
By Rhod Mackenzie
According to Alexey Gromov, the chief energy director of the Economic Institute, while BRICS should not take on the functions of OPEC+ in regulating the oil market, the expanded association's 80% share of global oil production will facilitate trade between its members.
Since Ja...
