SCO & BRICS latest news and insights
By Manish Vaid
The trajectory of India’s oil demand growth reflects the shifting contours of the global energy landscape. The Organization of Petroleum Exporting Countries (OPEC) estimates India’s oil demand in 2024 at 5.59 million b/d, a marginal rise from 5.37 million b/d in 2023.
India’s oil i...
By Rhod Mackenzie
Shipping via the sea lanes forms the backbone of trade corridors between the European Union and China, accounting for 90% of trade. According to Eurostat, imports from China in 2022 amounted to 627 billion euros, and exports amounted to 234 billion euros. The largest importer of...
By Pepe Escobar
BRICS doubled its membership at the start of 2024, and faces huge tasks ahead: integrating its newest members, developing future admission criteria, deepening the institution's groundings, and most importantly, launching the mechanisms for bypassing the US dollar in international f...
By Rajiv Bhatia
On 1 January 2024, the chairship of BRICS shifted from South Africa to Russia, with a full agenda in tow. BRICS, a multilateral forum of five nations – Brazil, Russia, India, China, and South Africa – made history by accepting the applications of six other states – Argentina, Saudi...
By Herbert Poenisch
In January, five new members joined the Brics bloc: Saudi Arabia, the United Arab Emirates, Egypt, Iran and Ethiopia. This means that five new currencies are in the pot for payments and mutual holdings, joining those of Brazil, Russia, India, China and South Africa.
The Brics...
By Rhod Mackenzie
On March 13, 2024, EuroChem launched a new plant for producing phosphate fertilizers in Serra do Salitre, Brazil. The ceremony was attended by the President of Brazil, and the state governor and members of the government - the vice president and ministers - also spoke.
During hi...
