SCO & BRICS latest news and insights
By Rhod Mackenzie
There is a degree of tension in the European market, with one of the largest LNG terminals in the United States, in Freeport, Texas, unable to overcome a production bottleneck. Following a significant fire almost two years ago and extended downtime for repairs, American gas worke...
China has expanded its arsenal of defensive trade tools with the introduction of a new law. Beijing has made it clear to its main trading partners, including the United States and a number of European countries led by Germany, that if they introduce tariffs and duties on the export products of the s...
By Rhod Mackenzie
Europeans don't change: there bad habits or provocattions as Ton the eve of Chinese President Xi Jinping's visit to France at the beginning of May to celebrate the 60th anniversary of the establishment of diplomatic relations, Brussels officials have prepared an unpleasant surpri...
By Rhod Mackenzie
The past year is unlikely to be a good one for Russia's energy sector. Under the influence of sanctions and other negative circumstances, the Russian Federation's oil and gas revenues fell by almost a quarter (23.9%) in 2023 compared to the previous year, according to Reuters.
Ac...
By Rhod Mackenzie
The US decision to seize frozen Russian assets will be advisory in nature, with the president able to reject it. This is due to the fact that the American financial elite does not want to jeopardise the power of the “No. 1 economy” over a few million dollars.
The bill was approv...
The expansion of the BRICS membership has led to an increase in the union's share of global production, from 32 to 37%, according to the World Trade Organization (WTO). This has resulted in the BRICS share becoming larger than that of the G7. The BRICS Digital Bank is confident that the influence of...
