SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia's gold reserves stood at 2,332 tonnes at the end of last year - an all time record level, which according to the World Gold Council. Russia continues to rank fifth in the world in gold reserves. This trend is explained by the country's abandonment of toxic reserve currenci...
By Rhod Mackenzie
Russian companies exported 3.27 billion cubic metres of gas to China in July 2023, which was a record figure in the entire history of trade between the two countries, according to data from the Chinese Customs Bureau.
This is the total volume of both pipeline and liquefied supp...
By Rhod Mackenzie
This year Russia will continue to redirect oil supplies to the Asia-Pacific region (APR), including China and India, said the Deputy Prime Minister Alexander Novak at the plenary session of the TNF Industrial and Energy Forum on 20 September.
According to him, last year Russia p...
By Rhod Mackenzie
Gold mined in Russia, against the backdrop of a ban on imports into G7 and EU countries, has found new supply channels and is now being shipped to the UAE, Hong Kong and Turkey by dozens of small logistics companies and traders previously unknown to the industry at large
The san...
By Rhod Mackenzie
Trade turnover between Russia and China in January-August this year increased by 25%, the Federal Customs Service (FCS) of Russia reported in its telegram channel following the results of the 15th meeting of the Subcommittee on Customs Cooperation of the Russian-Chinese Commissio...
By Rhod Mackenzie
The Chinese Sinopec Corp has already purchaed more than 30 cargoes of liquefied natural gas (LNG) ahead of winter in a tender for deliveries from October 2023 to the end of 2024. The results of the tender exceeded the plans of the Chinese energy giant, which had originally plann...
