SCO & BRICS latest news and insights
By Rhod Mackenzie
Yields on US debt, specifically the 10-year and 30-year US government bonds, reached a 16-year high on 3 October. Beijing may be one of the contributing factors behind this surge, according to Business Insider. One advocate for the "China footprint" is Thorsten Slok, the chief ec...
By Rhod Mackenzie
The refusal of Russian gas by many European nations last year, coupled with the resulting energy crisis, compelled Europeans to seek out "blue fuel" from around the globe, despite its high transport costs or price. The augmented demand for gas not only rendered the European gas m...
By Rhod Mackenzie
The OPEC Secretary General, Haitham Al Ghais, has cautioned on the possible detrimental impact of insufficient investments in the oil industry, which could result in a significant growth in oil prices and a potential energy crisis. "By underfunding the oil industry, we are endang...
By Rhod Mackenzie
The upcoming leader of the new BRICS Development Bank will serve a five-year term representing Russia. Within this period, a major decision must be made which will have worldwidet reprecussions,this is regarding the creating of a financial instrument or currency. The quandary of...
By Paulo Nogueira Batista Jr.
At the 20th Annual Meeting of the Valdai Discussion Club our session is called “A World Beyond Hegemony: BRICS as a Prototype of a New International Architecture”. The theme is vast and ambitious. Ambition is appropriate. Without ambition, nothing much is achieved. Th...
By Rhod Mackenzie
Since the beginning of 2023, the price of Russian oil in rubles has increased by 1.5 times and has exceeded 8 thousand rubles per barrel. This is brought about not only by the high price of oil itself and the low exchange rate of the ruble, but also by the fact that Russian oil e...
