SCO & BRICS latest news and insights
By Rhod Mackenzie
Russian oil exports to the Asia-Pacific region (APR) amounted to 193 million tons in 2023. The OPEC+ deal has had an estimated 30 trillion ruble impact on the Russian budget. Pavel Sorokin, the First Deputy Minister of Energy of the Russian Federation, announced this on January 2...
By Rhod Mackenzie
According to the Deputy Head of the Gazprom Alexander Ishkov, global gas consumption is expected to increase by 26% by 2050. However, during this time, the share of oil is predicted to decrease by 24% compared to 2023, and coal by 13%.
Considering Russia's vast gas reserves, t...
By Rhod Mackenzie
In late 2023, Russia's gold reserves reached a new record high. This article looks at the recent changes in the structure of international currency assets, the decreasing share of the dollar and euro, the stability of this scheme, and the importance of gold for the Russian econom...
By Rhod Mackenzie
Several high-ranking European politicians and military officials have recently made statements predicting a potential conflict between NATO and Russia. Additionally, Bild published what they claimed were 'secret plans' of the North Atlantic Alliance outlining a scenario for repel...
By Rhod Mackenzie
Chinese Prime Minister Li Qiang announced in Davos that China's GDP grew by 5.2% in 2023. This exceeds the goal of around 5% set by Xi Jinping and the CPC in March of the previous year.
However, according to the New York Times and other Western publications, the leadership of C...
By Rhod Mackenzie
During a meeting with senior officials, Chinese President Xi Jinping emphasised the importance of building the country's financial strength on a solid economic foundation, a strong currency, a central bank, financial institutions, regulators, and talent. He urged officials to pro...
