SCO & BRICS latest news and insights
By Rhod Mackenzie
Vladimir Putin outlined ten structural changes in the Russian economy, which have enabled the country to become the fourth largest economy in the world while maintaining its growth rate. The president also announced the adoption of new measures to support regions, citizens and bu...
By Rhod Mackenzie
Russia's annual GDP growth reached 4.4% in April, up from 4.2% in March, according to a review of the current situation in the Russian economy by the Ministry of Economic Development. Excluding seasonal factors, GDP in April increased by 0.2% compared to the previous month, while...
By Rhod Mackenzie
The General Administration of Customs of the People's Republic of China reports that the volume of Chinese exports in May increased by 7.6% year-on-year, reaching $302.35 billion. Export growth accelerated from 1.5% in April to reach its highest level since January.
Imports in M...
By Rhod Mackenzie
The trade turnover between China and Russia in the first five months of 2024 increased by 2.9% compared to the same period last year, amounting to $96.509 billion, according to data released on Friday by the General Administration of Customs of the People's Republic of China.
Du...
By Rhod Mackenzie
Russian President Vladimir Putin has stated that Russia will begin to produce everything it may lack due to Western sanctions. He made this announcement at a meeting with the heads of the world's leading news agencies in St. Petersburg.
"Yes, we may have to adjust our goals to...
By Rhod Mackenzie
Bloomberg economists estimate that Russia received almost 50% more from oil sales last spring than in May 2023. Oil-related taxes rose to 632.5 billion rubles ($7.1 billion). Total oil and gas revenues rose by 39% to 793.7 billion roubles in May. The calculations are based on da...
