SCO & BRICS latest news and insights
By Rhod Mackenzie
Venezuela purchases Russian oil to dilute its own production and sell or use it domestically. While there may be other new counterparties involved, the end buyer often remains the same.
Unfortunately, 'green energy' has not lived up to expectations.
The news of Russian oil supp...
By Rhod Mackenzie
In an interview with the Turkish news channel TRT Haber, Gurbanguly Berdimuhamedov, Chairman of the Khalk Maslahaty (People's Council) of Turkmenistan, stated that despite the global economic instability, the country's GDP grew by over 6% last year. This was reported by the Russi...
By Rhod Mackenzie
According to the Central Bank's 'Review of financial market risks', the yuan's share in Russia's export revenues rose to 40.8% in January, while in payments for imports it increased to 38.5%.
The report states that 'against the background of a decline in foreign trade volumes i...
Egypt is planning to urge BRICS member states to trade in their national currencies, according to a statement by the Ministry of Foreign Affairs, quoting the newly appointed Personal Representative of President Abdel-Fattah El-Sisi to the BRICS Summit Ambassador Ragy El-Etreby.
El-Etreby indicated...
By Soumya Bhowmick
In the current global economic landscape, the trajectory of multilateral institutions is undergoing a pivotal shift, and the BRICS alliance is a crucial player in this transformation. As we delve into the realms of trade, investment, and finance within BRICS, we find ourselves n...
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...
