SCO & BRICS latest news and insights
By Rhod Mackenzie
The export of goods from China to the United States decreased by 16.4%, and its imports from there decreased by 6% according to data published by the General Customs Administration of the People's Republic of China based on the results of the first three quarters of 2023. What i...
By Rhod Mackenzie
The United States and the European Union have agreed to establish a collective tariff zone that will levy tariffs and duties on steel and aluminium imports from "non-market" economies.(by which they mean primarily China. )
On October 3, Politico reported that the parties entere...
By Rhod Mackenzie
Trade turnover between Russia and China rose by 29.5% to nearly £176.4 billion in the first three quarters of 2023, as per the data released last week by the General Administration of Customs of the People's Republic of China.
During the reporting period, China imported goods...
By Rhod Mackenzie
The undeclared conflict between OPEC and the autonomous US shale firms that persisted in recent years has ended with the triumph of the oil cartel. Unexpectedly, it was the major oil and gas companies were responsible for OPEC's triumph , as they are currently buying up every sig...
By Ulrike Reisner
The EU countries are not able to compensate for the economic losses caused by the sanctions against the Russian Federation. The process of deindustrialisation in Europe continues. This is resulting in a permanent loss of wealth for Western societies.
At the end of August, the S...
By Rhod Mackenzie
Russian oil producers delivered their initial shipments of the CPC Blend crude to the United Arab Emirates (UAE) during August and September, according to several traders. This development exposes a new export pathway, as Moscow seeks out fresh clients and attempts to bypass West...
