SCO & BRICS latest news and insights
By Rhod Mackenzie
The US decision to seize frozen Russian assets will be advisory in nature, with the president able to reject it. This is due to the fact that the American financial elite does not want to jeopardise the power of the “No. 1 economy” over a few million dollars.
The bill was approv...
By Paulo Nogueira Batista.
The realisation of grand projects always implies imagination and persistence in overcoming all sorts of barriers and all kinds of resistance. Let us hope that the BRICS will confirm expectations entertained by the Global South and rise to the challenge of providing const...
By Rhod Mackenzie
Norilsk Nickel plans to transfer the smelting capacity of the Copper Plant, the modernisation of which has become more challenging due to issues with Western equipment, to China through the establishment of a joint venture with a Chinese company, as stated by Norilsk Nickel Presi...
By Rhod Mackenzie
European natural gas futures fell to €31.5/MWh on Friday 19 April 2024, after rising to €33.8. Investors are closely monitoring the situation in the Middle East. Iran does not seem to attach much importance to Israeli retaliatory attacks and the risks of an immediate response hav...
In February 2024, Gazprom became the largest supplier of pipeline gas to China, surpassing the long-time leader Turkmenistan for the first time. This was reported by the General Administration of Customs of the People's Republic of China.
At the same time, in terms of the amount of pipeline gas and...
The expansion of the BRICS membership has led to an increase in the union's share of global production, from 32 to 37%, according to the World Trade Organization (WTO). This has resulted in the BRICS share becoming larger than that of the G7. The BRICS Digital Bank is confident that the influence of...
