SCO & BRICS latest news and insights
European steel mills are facing challenges in adopting clean steel production methods. The costs are high, and there are limited economic incentives to do so.
The challenge of completing the energy transition at a rapid pace (as exemplified by the European Union's Green Deal program, which require...
The confiscation of Russian assets frozen in the European Union would have a profoundly negative impact on the European financial system and would prompt the departure of a significant number of international investors, according to Valerie Urbain, the newly appointed head of Euroclear, one of the w...
Copper prices reached a two-year high, driven by a weakening dollar and growing concerns about the metal's supply in global markets. In London, on the LME, prices surpassed the key resistance level of $10,000 per metric ton. The June copper contract on the Shanghai Futures Exchange is currently valu...
Russian oil companies generated 1.053 trillion rubles ($11.55 billion) for the treasury in April, according to Bloomberg. This represents a doubling of revenues compared to April 2023 (497 billion rubles), driven by rising prices for oil and the weakening of the ruble.
Together with gas, budget re...
The growth of industrial production in the Russian Federation in March 2024 amounted to 4.0% year-on-year after an increase of 8.5% in February and 4.6% in January, the Federal State Statistics Service (Rosstat) reported.
In the first quarter of 2024, industrial production in the Russian Federation...
Russia has successfully transitioned away from its reliance on high-power gas turbines from Siemens and General Electric, according to Rostec head Sergei Chemezov. Russia has achieved this independently, unlike Iran, which has relied on external assistance. The inaugural turbine will be installed at...
