SCO & BRICS latest news and insights
According to TASS, the revenue of Russia's non-resource sector large and medium-sized enterprises increased by 16.4% to 184.9 trillion rubles in 2023. Meanwhile, the revenue of oil and gas companies decreased by 3.3% to 65.8 trillion rubles, this was reported by the services analytics audit and cons...
In July 2024, Western Siberia is set to launch a new oil pumping station (OPS) at the Achinsk linear production and dispatch station (LPDS) in the Krasnoyarsk Territory. The aim is to increase oil shipments towards the east. The expansion of the station's capacity will require an investment of over...
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
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
Chinese Foreign Minister Wang Yi stated on Thursday that the expansion of BRICS should not be viewed as a challenge.
He emphasized that the development and strengthening of BRICS countries would enhance peacekeeping forces and expand the global front of justice. This statement...
