SCO & BRICS latest news and insights
By Rhod Mackenzie
Recently, there has been much discussion about the downturn of the "Chinese miracle" and the possibility of the country being on the brink of a crisis. This pertains to both the construction industry and the general decline in consumption, which poses a threat to the solvency of...
By Rhod Mackenzie
China increased the volume of oil and natural gas imports by 12.1% and 8.5% respectively in January-November 2023, according to data released on Thursday by the General Administration of Customs of the People's Republic of China.
During the reporting period, China imported 515...
By Rhod Mackenzie
Trade between Russia and China in the first 11 months of 2023 grew by 26.7% year-on-year, reaching a historical record turnover level of $218.17 billion. This was reported on 7th December by the General Administration of Customs of the People's Republic of China in a statement.
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By Timofey Bordachev
The visit of the Russian President to Saudi Arabia and the United Arab Emirates (UAE), as well as the extensive program of negotiations of the delegation accompanying him, is an excellent indicator of how much freer the leading countries of the World Majority have become in th...
By Rhod Mackenzie
Russia's net revenues from oil sales in October amounted to $11.3 billion, or 31% of the country's total budget revenues for the month. This was the highest figure since May 2022 and exceeds the figure for any month before the start of the Russian special military operation in Uk...
By Rhod Mackenzie
Bulgaria intends to no longer use Russian oil, rendering the efforts of the Russian oil company Lukoil, who own and operate a local refinery, futile. In response, Lukoil is prepared to sell their assets in Bulgaria prior to the authorities seizing the plant by force. How intentio...
