SCO & BRICS latest news and insights
In July 2024, Western Siberia is set to launch a new oil pumping station (OPS) at the Achinsk linear production and dispatch station (LPDS) in the Krasnoyarsk Territory. The aim is to increase oil shipments towards the east. The expansion of the station's capacity will require an investment of over...
By Rhod Mackenzie
Last year, Russia earned nearly $187 billion from supplying oil, gas, and coal to several friendly countries. This amount is $56 billion more than the average level of supplies to European countries before they imposed anti-Russian sanctions. RIA Novosti calculations were used to...
By Rhod Mackenzie
Chinese Foreign Minister Wang Yi stated on Thursday that the expansion of BRICS should not be viewed as a challenge.
He emphasized that the development and strengthening of BRICS countries would enhance peacekeeping forces and expand the global front of justice. This statement...
By Rhod Mackenzie
In a statement, the General Administration of Customs of the People's Republic of China reported that Chinese exports in January-February 2024 rose by 7.1% YoY to $528.01 billion, while imports increased by 3.5% to $402.85 billion.
Analysts had predicted a 1.9% increase in expo...
China stands ready to work with all parties to continue deepening the BRICS strategic partnership, a Chinese foreign ministry spokesperson said.
Spokesperson Mao Ning made the remarks at a daily press briefing when asked to comment on a report that Venezuelan President Nicolás Maduro Moros had sai...
By Rhod Mackenzie
From 2026, the transit of Russian gas to Uzbekistan through Kazakhstan can be increased fourfold, to 11 billion cubic meters. Currently, Central Asia is the only new direction for Gazprom (MOEX: GAZP) after the collapse of supplies to Europe in the last two years. In 2023, the co...
