SCO & BRICS latest news and insights
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...
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...
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...
The volume of Russian oil exports to India in April reached its highest level in the past nine months, according to the Indian Express newspaper, which cited analysts on Friday, 3 May. This figure reached 1.96 million barrels per day, which is 19% higher than the figures for March, as reported by RT...
The consequences of the breakdown in relations with the West have finally caught up with both Gazprom and the Russian budget, for which the gas monopoly is an important donor. Sabotage at Nord Stream also added fuel to the fire, which resulted in the failure of gas pipelines. At the end of 2023, Gaz...
