SCO & BRICS latest news and insights
On Tuesday, Sergei Lavrov, the Russian Foreign Minister, concluded his two-day visit to Beijing. The purpose of his trip was to prepare for the upcoming visit of the Russian President Vladimir Putin to China, which was confirmed by the Kremlin on the same day. During the negotiations, much attention...
Kommersant reports that in March, Russian oil companies significantly increased sea exports to 3.8 million barrels per day due to problems with refinery utilization. This is the highest level since May 2023. The increase in oil exports is due to the redirection of flows from refineries damaged by dr...
About 92 percent of trade settlement between Russia and China is now conducted in Russian rubles and Chinese yuan, Russian Deputy Prime Minister Alexei Overchuk said at the Boao Forum for Asia in South China's Hainan Province.
He also said that Russia hopes to strengthen financial ties with other...
China's two-way trade with Russia reached a record value of $240 billion, while Russia’s export trade value with Asia rose significantly in 2023.
"Actually, we have seen the trend of Russian brands entering the Asian market since 2014," said Vadim Tylik, CEO of RMAA, a cross-border marketing agenc...
March marked the 17th consecutive month that the People's Bank of China (PBOC) has been purchasing gold. The PBOC has been instrumental in setting new records for the precious metal. In the first month of spring, China's gold reserves, stored in the basements of the RVOS, increased by 0.2% to reach...
The Ministry of Finance has reported a significant increase in budget revenues during the first quarter of this year. Both non-oil and gas revenues, as well as revenues from the sale of oil and gas, are growing. Additionally, the latter has shown phenomenal growth. What is contributing to the Russia...
