SCO & BRICS latest news and insights
By Rhod Mackenzie
The Russian gold mining industry, whose major players are all subject to US sanctions, is reorganising its exports by introducing intermediaries into the supply chain. According to a representative from Yuzhuralzoloto, the decrease in margins is insignificant. This is because, te...
The international financial and development institutions should be reformed to reflect the interests of the Global South, Secretary-General Antonio Guterres has said.While the BRICS can play an important and complementary role for developing nations, he stressed that it should not contribute to a fr...
By Rhod Mackenzie
Iran has set up a number of companies in the United Arab Emirates (UAE) to circumvent sanctions and increase its exports to China, according to the head of the Iran-China Chamber of Commerce, Majid Reza Hariri.
"Some of Iran's exports to the UAE continue on to China. Iran has se...
By Rhod Mackenzie
Russia will promote the issue of improving the BRICS settlement and payment system independent of Western infrastructure - this could be, for example, payments in digital currencies; Russia is ready to test this with China, the EAEU and the Gulf countries, Russian Finance Ministe...
By Rhod Mackenzie
Chinese oil refiners have replaced their Indian counterparts, who reduced purchases of Russian Sokol oil due to fear of American sanctions. In February, Chinese oil refiners, mostly private owners, purchased an average of 168 thousand barrels of Sokol daily, three times more than...
By Rhod Mackenzie
In 2023, Russia and India significantly increased their trade turnover by 1.8 times, reaching a record of $65 billion. As a result, Moscow has become Delhi's fourth largest trading partner, according to calculations by RIA Novosti and the Indian statistical service.
Towards the...
