SCO & BRICS latest news and insights
By Rhod Mackenzie
The European Union is continuing to implement sanctions against Russia in an attempt to restrict its international financial transactions. The latest package of sanctions includes a prohibition on EU banks using the Russian analogue of SWIFT, the Financial Message Transmission Sy...
The Chinese President's visit to European countries took place against the backdrop of a sharp increase in Washington's pressure on Beijing. China would like to secure the pragmatic cooperation of sovereign European elites and defend its economic interests.
The first visit of Chinese President Xi...
China accounts for 35% of global goods production, a figure that is even more impressive when considered alongside the country's 17% share of global GDP. This dominance is set to increase further as the Chinese industrial sector grapples with overcapacity. Finished products accumulate in Chinese war...
To reduce import dependence in the manufacturing industry and mechanical engineering, it is essential to accelerate the development of component manufacturers, in fact, the third industrialisation. Otherwise, there will be complete dependence on supplies from China.
The import dependence of mechani...
By Rhod Mackenzie
The economies of most Western oil consumers are growing slowly or not growing at all. Furthermore, Russia’s BRICS partners are not the audience from which OPEC+ would intend to earn windfall profits. Therefore, oil has outlined a smooth compromise corridor, which can only be dire...
By Ivan Shchedrov
Since 2010, the India-Russia special and privileged strategic partnership has developed on a solid foundation of strong history and was maintained by the means of political imperatives. Russia supported India’s membership in the Shanghai Cooperation Organisation (SCO) and called...
