SCO & BRICS latest news and insights
By Rhod Mackenzie
For the first two decades of the 21st century, Germany was in its economic ascendency. Its economy boomed,it was one success after another. It gained dominace in world markets in areas such as high-tech,luxury cars and precision engineering and sold so much of its output that i...
By Rhod Mackenzie
Yet another country has come out to join the growing number of countries looking to use their national currencies in cross border trade in an attempt to avoid using the dollar due to its dominance in the global financial system. It is also very significant and conspicuous that In...
By Rhod Mackenzie
Russian companies exported 3.27 billion cubic metres of gas to China in July 2023, which was a record figure in the entire history of trade between the two countries, according to data from the Chinese Customs Bureau.
This is the total volume of both pipeline and liquefied supp...
By Rhod Mackenzie
This year Russia will continue to redirect oil supplies to the Asia-Pacific region (APR), including China and India, said the Deputy Prime Minister Alexander Novak at the plenary session of the TNF Industrial and Energy Forum on 20 September.
According to him, last year Russia p...
By Rhod Mackenzie
Trade turnover between Russia and China in January-August this year increased by 25%, the Federal Customs Service (FCS) of Russia reported in its telegram channel following the results of the 15th meeting of the Subcommittee on Customs Cooperation of the Russian-Chinese Commissio...
By Rhod Mackenzie
The Chinese Sinopec Corp has already purchaed more than 30 cargoes of liquefied natural gas (LNG) ahead of winter in a tender for deliveries from October 2023 to the end of 2024. The results of the tender exceeded the plans of the Chinese energy giant, which had originally plann...
