SCO & BRICS latest news and insights
— In-depth analysis and comments

By Rhod Mackenzie

Bulgaria intends to no longer use Russian oil, rendering the efforts of the Russian oil company Lukoil, who own and operate a local refinery, futile. In response, Lukoil is prepared to sell their assets in Bulgaria prior to the authorities seizing the plant by force. How intentio...

By Rhod Mackenzie

A major political row over gas has erupted between Serbia, Hungary and Bulgaria after Sofia imposed an extra duty on the transit of Russian gas . This move caused outrage in Budapest and Belgrade, who have vowed to respond in kind. The Bulgarian media believe that the levy will d...