SCO & BRICS latest news and insights
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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...

By Rhod Mackenzie

The Russian budget will receive an additional 4 trillion rubles in tax revenue in 2023,( $42 billion). with credit going to non-oil and gas businesses. Amid a challenging year for the oil sector, it was the non-resource sector that managed to bolster the Russian economy. How was...

The priciest gas for households in Europe this year can be found in the Netherlands and Sweden, while the most cost-effective options are in Belarus and Russia. This information pertains to calculations based on data from national statistical services.

In the first half of this year, Dutch househ...