SCO & BRICS latest news and insights
By Thomas Lethoba
The 15th BRICS Summit saw leaders of Brazil, Russia, India, China and South Africa reach a consensus to ramp up efforts of expanding the bloc of nations, with the announcement of six additional countries.
In a move aimed at changing the world order, a five-nation group of emerg...
By Rhod Mackenzie
Relations between Russia and Brazil remain stable and are not influenced by outside influences. The Russian Foreign Minister Sergei Lavrov made this statement during the opening ceremony of an exhibition commemorating the 195th anniversary of diplomatic ties between the two count...
By Rhod Mackenzie
Argentina has no plans to to take up its invitation to join BRICS on January 1, this was confirmed by Diana Mondino, a senior economic adviser to the country's president-elect, Javier Milei, in an interview with Sputnik Brazil on Monday.
The invitation to join BRICS was approve...
By Rhod Mackenzie
India and China took the lion's share of Russian oil exports that dropped out of the European market. However, other buyers also contribute to the Russian budget: Brazil, Saudi Arabia, the UAE. All of them increased purchases of oil and petroleum products from Russia. Analysts st...
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
In early October, Brazil significantly increased its imports of Russian diesel fuel, despite restrictions on its export being imposed by the Russian authorities. By the second half of October, Brazil had even become the largest destination for diesel fuel exports from the Russian...
