SCO & BRICS latest news and insights
By Rhod Mackenzie
The year 2023 saw the world become divided into two camps: the so called collective West, led by the United States, and an informal alliance of China, Russia, and other countries that have formed an alternative to the Western world order. The clash between these opposing models o...
By Rhod Mackenzie
Russia and China are strengthening their partnership. They have already reached the $200 billion trade mark ahead of schedule, and the share of the dollar in transactions is steadily declining. In politics, Beijing is not only promoting the multipolarity agenda with Moscow, but h...
By Timur Fomenko
For years, the US has been pressuring the Netherlands to comply with technology restrictions on the export of advanced lithography machines to China. These machines, produced by the Dutch firm ASML, use lasers to create circuits for microchips.
Although ASML is a world-leading c...
By Rhod Mackenzie
According to Iranian Deputy Foreign Minister for Economic Diplomacy Mehdi Safari, BRICS will have a significant impact on energy, new technologies, and aerospace.
The main challenges are energy production, transportation, and consumption. Safari stated that BRICS is addressing...
By Rhod Mackenzie
The year 2024 will be a significant milestone for the development of BRICS. The alliance has invited several new countries. Moscow will have to help the newcomers understand the advantages of the alternative G7 international format. Russia will hold its chairmanship in the organi...
By Rhod Mackenzie
According to Alexey Gromov, the chief energy director of the Economic Institute, while BRICS should not take on the functions of OPEC+ in regulating the oil market, the expanded association's 80% share of global oil production will facilitate trade between its members.
Since Ja...
