SCO & BRICS latest news and insights
According to data from the Central Bank, the share of ruble settlements with Africa increased from 21.9% in 2022 to 48.1%
in 2024.
Additionally, there was a significant increase in the volume of ruble settlements with American countries, rising from 22.7% to 35.1%.
The share of the Russian curren...
According to Saudi Aramco's 2023 financial results, the company's net profit decreased by 24.7% to $121.3 billion from a record $161.1 billion in the previous year.
The company's free cash flow also decreased by 31.9% to $101.2 billion, while capital investments increased to $49.7 billion from $38...
By Rhod Mackenzie
According to the Financial Times, logistics companies and rail operators have reported a surge in demand for transporting goods from Asia to Europe by rail via Russia since the start of the Red Sea crisis.
DHL, a major shipping company, claims that requests to transport goods on...
By Rhod Mackenzie
Last year, Russia earned nearly $187 billion from supplying oil, gas, and coal to several friendly countries. This amount is $56 billion more than the average level of supplies to European countries before they imposed anti-Russian sanctions. RIA Novosti calculations were used to...
By Rhod Mackenzie
OPEC+ members, led by Saudi Arabia and Russia, have agreed to extend voluntary oil production cuts until the second quarter of 2024. This decision is a three-month extension of the cartel's previous decision made on November 30th of last year.
Saudi Arabia, the leader of OPEC,...
By Rhod Mackenzie
According to data from investment bank Goldman Sachs, the discount on the price of Russian oil to the Brent benchmark has decreased to nearly zero in recent weeks, after previously exceeding $30 per barrel. However, the discount on the purchase of the popular Russian Urals brand...
