SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia plans to reduce the share of supplies of oil and its products to European countries to 4-5% of total exports by the end of 2024. This was stated by Russian Deputy Prime Minister Alexander Novak live on the Rossiya 24 TV channel on Wednesday 27 December.
"If previously we...
By Rhod Mackenzie
By the end of 2023, Gazprom will have increased gas supplies to China by 1.5 times compared to last year. The head of the company, Alexei Miller, announced this on 27th December during a working meeting with Russian President Vladimir Putin.
"This year, gas supplies to China wil...
By Rhod Mackenzie
The Russian Foreign Minister Sergei Lavrov stated that approximately 30 countries plan to establish partnerships with BRICS and strengthen their ties with the association.
On December 26, he addressed the commission of the General Council of United Russia on international coope...
By Davide Montagner
Amid deepening global geopolitical tensions, the recent currency swap agreement between Saudi Arabia and China is the latest in a series of initiatives that seek to put pressure on the dollar’s central role within international trade.
Last month, the People’s Bank of China (P...
By Aleksei Kuznetsov
The nations of BRICS have repeatedly called for the enhancement of their role and status within the current global financial system, which was long overdue. In this vein, the declaration of the 11th Brazil Summit held in November 2019 expressed disappointment of BRICS leaders...
By Rhod Mackenzie
According to Russia's Foreign Minister Sergey Lavrov, BRICS should remain an association and not be turned into a full-fledged organization with a secretariat. Lavrov stated in an interview with the Russian channel NTV that 'BRICS is not an organization, but an association.'
Th...
