SCO & BRICS latest news and insights
By Gleb Baranov
September has turned out to be the best month of this year for oil prices so far. Last Friday, West Texas WTI, and on Monday, North Sea Brent, broke through the strong resistance levels, then reaching highs not seen since November: $88.08 and $91.15, respectively.
It was difficul...
By Mikatekiso Kubayi
The BRICS bloc was dismissed by many in the beginning, with some arguing that it does not hold sufficient power to change anything, let alone contend with the global hegemons. But BRICS is not about challenging anyone. It is about fostering cooperation and collaboration to fin...
By Anna Koroleva
The imports of nitrogen fertilizers to Germany from Russia over the past summer increased by a gigantic 334%, reaching about 167 thousand tons. And for the entire year before that, from July 2022 to June 2023, it amounted to only 38.5 thousand tons. These figures were reported by...
By Alexey Poroshin
The choice of six new countries to join the BRICS five is not accidental. Egypt is an old ally of Russia, which has the largest army in Africa. Russia has a long history of cooperation with Ethiopia. It is the largest state on the continent in terms of population: 123 million pe...
By Viktoria Panova
On August 24, 2023, the BRICS summit in Johannesburg ended, its overall significance will be realized later - currently there are too many variables at stake - but nevertheless, it is already possible to put aside the first emotions and evaluate the obvious consequences of the...
By Elena Gorbacheva
After Argentina, Ethiopia, the United Arab Emirates, Saudi Arabia, Egypt and Iran officially join the BRICS next year, its combined GDP will be 37% of the world's. In addition, it will control almost 50% of world oil production and 40% of its exports. The control of energy reso...
