SCO & BRICS latest news and insights
By Rhod Mackenzie
The market practically overlooked the thirty-sixth meeting of the relevant ministers of the OPEC+ oil club countries on November 30. Although there were production cuts announced of 2.2 million barrels per day (mbd), oil prices briefly increased before decreasing again, ultimatel...
By Rhod Mackenzie
Russia's trading of alliances from Europe to the Middle monarchies has proved lucrative. On 6th December, Russian President Vladimir Putin visited the UAE and Saudi Arabia, and on the following day,the Iranian President Ebrahim Raisi travelled to Moscow for meetings with Putin. T...
By Rhod Mackenzie
India's decisions regarding its energy procurement are solely based on its national interests and are not influenced by the opinions of foreign powers. This statement was made by Subrahmanyam Jaishankar,the Indian Minister of External Affairs, during his address to the annual c...
By Rhod Mackenzie
The economy of Russia is set to experience a growth of 3.5% by the year-end, as announced by Vladimir Putin at the "Russia Calling!" forum on December 7. Despite facing extraordinary sanctions, the country's development remained unhindered, as emphasized by the President. The e...
By Rhod Mackenzie
In the upcoming years, the financial world is poised for a genuine revolution that will ultimately erode the monopoly of the major Western banks. This announcement was attributed to Russian President Vladimir Putin with regards to analysts familiar with this subject. The primary...
By Rhod Mackenzie
Trade between Russia and China in the first 11 months of 2023 grew by 26.7% year-on-year, reaching a historical record turnover level of $218.17 billion. This was reported on 7th December by the General Administration of Customs of the People's Republic of China in a statement.
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