SCO & BRICS latest news and insights
Copper prices reached a two-year high, driven by a weakening dollar and growing concerns about the metal's supply in global markets. In London, on the LME, prices surpassed the key resistance level of $10,000 per metric ton. The June copper contract on the Shanghai Futures Exchange is currently valu...
Russian oil companies generated 1.053 trillion rubles ($11.55 billion) for the treasury in April, according to Bloomberg. This represents a doubling of revenues compared to April 2023 (497 billion rubles), driven by rising prices for oil and the weakening of the ruble.
Together with gas, budget re...
Russia has successfully transitioned away from its reliance on high-power gas turbines from Siemens and General Electric, according to Rostec head Sergei Chemezov. Russia has achieved this independently, unlike Iran, which has relied on external assistance. The inaugural turbine will be installed at...
The consequences of the breakdown in relations with the West have finally caught up with both Gazprom and the Russian budget, for which the gas monopoly is an important donor. Sabotage at Nord Stream also added fuel to the fire, which resulted in the failure of gas pipelines. At the end of 2023, Gaz...
Sakhalin-2 significantly increased its liquefied natural gas (LNG) exports to China in April, delivering a record 440 thousand tons, according to RBC, which cited data from the analytical company Kpler. This represents a 3.4-fold increase compared to March and a 39% year-on-year growth.
"Exports to...
The planned volume of transit of Russian gas to China through Kazakhstan is approximately 35 billion cubic metres per year. This information was provided by the Kazakh Ambassador to Russia, Dauren Abaev.
"We are committed to optimising our transit potential." The roadmap has been duly signed. The...
