SCO & BRICS latest news and insights
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...
The European Union has increased imports of Russian fertilisers to a maximum level since December 2022. In February, the volume of deliveries amounted to 167 million euros in monetary terms. This exceeded the previous month's figure by 16 percent in physical terms and 21 percent in monetary terms. W...
By Rhod Mackenzie
The major and influential international organisations, which have previously predicted the collapse of the Russian economy due to sanctions, have once again revised their forecasts. The World Bank now expects 2.2 percent growth by the end of the year, while the International Mone...
The West recognises that Russia can become a new centre of world trade thanks to its two new routes – the Northern Sea Route and the North-South transport corridor. These large infrastructure projects present a challenge to the West, which is used to controlling international trade, including throug...
