By Rhod Mackenzie
The Saudis themselves will help Russian oilmen become the main producers of oil among the countries participating in the OPEC + agreement, voluntarily reducing its production from July 1 by a million barrels per day.
Last month, Riyadh surprised everyone with an unexpected cut,...
By Rhod Mackenzie
China's economic growth is slowing, and economists around the world are now taking a closer look at the most successful of the largest emerging markets - India and Indonesia. Back in 2009, India overtook Japan, displacing it from third place in the ranking of countries in terms o...
By Rhod Mackenzie
The summit of the Shanghai Cooperation Organization under the chairmanship of India this time was held in a remote online format, although there was something to celebrate live. So, Iran finally became a full member of the SCO - without it, the Eurasian potential of the organizat...
By Rhod Mackenzie
According to the results of June, Russia's balance of payments went negative. This happened for the first time in three years (since August 2020) and is generally considered a rare occurrence since the late 1990s. The negative balance is explained both by the fall in export earni...
By Rhod Mackenzie
Having failed to destroy the Russian economy, the West is now trying to bankrupt Russia's trading partners with the use of so-called secondary sanctions. All of this is being helped by the entire financial infrastructure built to track any transactions in dollars and euros on a g...
By Rhod Mackenzie
One of the main tasks of German Chancellor Scholz in the economy is to stop the flight of capital (investment) from the country, which has taken catastrophic proportions in the last two years. Last year, German companies withdrew from Germany in the form of investments in other c...