SCO & BRICS latest news and insights
By Bogdan Kolbashuk
Nickel futures on February 27, 2024 fluctuate around $17 thousand per ton. Thus, they remain near their lowest level in almost three years.
Related article:
Russia proposed creating a global alliance of “raw materials of the future”
On Tuesday morning, the price of nickel o...
By Rhod Mackenzie
Despite sanctions, Russia became the sixth largest source of gold for Switzerland for the second year in a row in 2023. Switzerland was the main supplier of this precious metal to the European Union last year. This information is based on an analysis of data from the UN Comtrade...
By Rhod Mackenzie
The New Year of 2024 brings a lot of surprises and potential challenges to the countries of the BRICS. The union has doubled to 10 countries, which should lead to its increased economic power. However, its largest economy, China, is still slowing down. Plus the new participants...
By Rhod Mackenzie
On January 1, Russia took over the chairmanship of BRICS. Since the beginning of this year, five more countries have joined the association: Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. Argentina was also expected to join, but its new president, Javier Miley, abruptly change...
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
The Argentinian president- elect Javier Milei's team, responsible for international relations, is examining whether the country should join BRICS. Analysts consulted by the team claim that this represents an opportunity for Argentina rather than a risk.
While a final decision h...
