SCO & BRICS latest news and insights
By Rhod Mackenzie
China is forecasting record high imports of liquefied natural gas (LNG) this year. The largest energy company in the Middle Kingdom, PetroChina, believes that this year the record, which was set in 2021 and amounts to 78.8 million tons, will fall. In 2022, due to the conflict in...
By Rhod Mackenzie
During their visit on 16-17 May, the heads of Russia and China identified the tasks and plans for the further development of Chinese-Russian relations and cooperation. A large number of economic initiatives and plans were announced. As Vladimir Putin stated, Moscow and Beijing ar...
By Rhod Mackenzie
Russia's share of Egypt's wheat imports has increased to 68%, up from just over 55% last year, according to Akram Hossein al-Shafei, a member of the board of the Egyptian Chamber of Commerce and Industry. He told RIA Novosti that Russia and Ukraine account for 80% of Egypt's tota...
The Russian President Vladimir Putin's visit to China, which is taking place onr 16-17 May, coincides with a period of growing bilateral relations between Russia and China. The most significant developments in bilateral relations are occurring at the regional level. It is also worth noting that many...
By Rhod Mackenzie
China is consistently pursuing a strategy of de-dollarisation and diversification of its foreign exchange reserves. Beijing, which was previously a significant holder of American debt, is now actively selling it and replacing American government bonds with gold.
For example, in...
The interest of the states of Asia, Africa and Latin America in BRICS is growing. Many are interested in joining the association, according to Deputy Foreign Minister of Russia Sergei Vershinin, who told RIA Novosti that he is pleased to see this growing interest. "There are many countries that are...
