SCO & BRICS latest news and insights
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...
Sakhalin-2 significantly increased its liquefied natural gas (LNG) exports to China in April, delivering a record 440 thousand tons, according to RBC, which cited data from the analytical company Kpler. This represents a 3.4-fold increase compared to March and a 39% year-on-year growth.
"Exports to...
The recently approved bill by the Turkish Parliament will allow Turkey to export liquefied natural gas (LNG) to European countries. This was stated by Yashar Arslan, the head of the Turkish Gas Distributors Association (GAZBİR).
On 2 May, the Turkish Parliament voted in favour of a bill regulating...
If the dollar and the international monetary system collapse, the BRICS countries will be able to offer an alternative. Alexey Mozhin, Executive Director for Russia at the International Monetary Fund (IMF), said on 3 May.
"Much is now being written about the shortcomings of the current system. Mor...
