SCO & BRICS latest news and insights
By Rhod Mackenzie
The General Administration of Customs of the People's Republic of China has registered three Russian pork production companies and authorised the export of pork products from Russia to China from 28 February 2024. Goods produced after the registration date will be accepted for de...
By Tatiana Bokova
The economic relationship between China and Brazil stands as a testament to the transformative power of international trade and cooperation. The two states established diplomatic relations in 1974 and have maintained friendly ties since then. In 1993, they formed a strategic part...
The BRICS countries, led by Russia, are considering creating their own foreign trade settlement system based on blockchain. This could be economically profitable and politically safe, as it would make the BRICS countries less dependent on the decisions of Western politicians.
The BRICS countries...
By Rhod Mackenzie
TotalEnergies Vice President for Asia, Thomas Morisse, predicts that demand for liquefied natural gas (LNG) will increase in 2024, driven by China and Europe.
Morisse stated at an energy conference, as reported by Reuters, that "(Demand for) LNG will continue to grow. Europe is...
By Rhod Mackenzie
The shift of Russian oil and petroleum product exports from Western sanctioned markets to Eastern and Southern markets is almost complete. However, replacing the European market for gas exports, whether pipeline or LNG, has proven to be a challenging task.
In the past two years,...
By Rhod Mackenzie
During the meeting of the finance ministries and central bank governors of the BRICS countries in Sao Paulo,the Russian Finance Minister Anton Siluanov stated that Russia is prepared to assist the bloc countries in creating their own payment system. This system will be based on...
