SCO & BRICS latest news and insights
By Rhod Mackenzie
The harvest season in Russia is almost completed. As of the beginning of November, ICAR reports that approximately 142 million tonnes of cereal crops have been threshed, which is 9 million tonnes less than the previous year's record. The wheat harvest is predicted to yield about...
The Russian-Indian joint venture for the production of AK-203 assault rifles has produced the first batch, said Dmitry Shugaev, director of the Federal Service for Military-Technical Cooperation (FSMTC). This product is currently being tested.
“The organization of production in India of AK-203 ass...
By Rhod Mackenzie
Speculators are responsible for the drop in oil prices by manipulating figures and falsely claiming that oil demand is low. This statement was made by the Saudi Arabian Minister of Energy. A few weeks ago, oil was almost at $100 per barrel, but now it has fallen to $80. What caus...
By Rhod Mackenzie
In October, Russia exported a record batch of crude oil to Brazil - 207 thousand tonnes worth $133 million, RIA Novosti reported after analysing data from the Latin American country's statistical service. A leading analyst at Freedom Finance Global Natalya Milchakova commented on...
By Rhod Mackenzie
Bahrain believes that joining BRICS will bolster its position in the region and in the world in terms of economic development and security, according to the kingdom's ambassador to the Russian Federation, Ahmed Abdulrahman Al Saati, who spoke to RIA Novosti.
Bahrain has official...
By Rhod Mackenzie
The proportion of BRICS nations, inclusive of upcoming members, in the global GDP is set to rise from 36% to 45% by 2040, more than twice the proportion held by the G7 countries, according to a report by Bloomberg. The Associate Professor of the Department of Economic Policy at t...
