By Ivan Timofeev
The European Union has introduced its eleventh package of sanctions against Russia. The main intrigue of the package was restrictive measures against foreign countries and organisations that interact with Russia. It pertains to cooperation in those areas that are one way or anothe...
By Rhod Mackenzie
The situation on the oil market on Tuesday, July 4, was quite dramatic. The cost of "black gold" jumped by 2% amid reports of additional production cuts by Saudi Arabia and Russia in August, as well as weak prospects for the global economy.
Saudi Arabia, the world's largest oi...
By Rhod Mackenzie
In the West, they have again started talking about the Soviet economist Nikolai Kondratiev, recalling his theory of supercycles or the so-called “Kondratiev waves” (K-waves), which proved its predictability for a hundred years. Its essence lies in the fact that the global economy...
By Rhod Mackenzie
Another practical step has been taken to expand trade in national currencies by members of the SCO and BRICS. India began to buy Russian oil in yuan. The Chinese leader called on the members of the SCO to increase the share of national currencies in trade. And Russia is at the fo...
By Rhod Mackenzie
Iran officially became the ninth member of the Shanghai Cooperation Organization (SCO). Previously, it was only an observer country in it. "Prime" polled experts about what effect the accession of Moscow's longtime partner - economic or political - will give, and who benefits mos...
By Maria Siow
Not all the members of the BRICS bloc of major emerging economies are getting behind the push to expand it, with India particularly “wary” of the plan, analysts say, as doubt lingers about whether the grouping could become a counterweight to existing regional alliances.
When the BRI...