SCO & BRICS latest news and insights
By Rhod Mackenzie
Despite vocal opposition, the European Union continues to trade with Russia. In March, the Russian Federation received a record level of revenue in rubles for exports from European countries, with the share of the Russian currency reaching 58.5%. The energy sector obviously playe...
By Rhod Mackenzie
All the emerging countries around the world have declared their non-participation in the conference on Ukraine in Switzerland. The Russian authorities have consistently highlighted the futility of this event. It has been confirmed that the pro-Ukrainian meeting in Switzerland wi...
In the 21st century, we are not only living in the age of digitalization, but also in the age of crucial energy supply. Due to the high standard of industrialization, Europe is particularly affected by this reality.
Although the sanctions against Russia have fundamentally failed,the EU continues t...
By Rhod Mackenzie
One of the largest banks in Russia, the subsidiary of the Austrian Raiffeisen Bank, continues to operate in the country. The United States has repeatedly pressured it to leave Russia, yet for two years,they have not imposed any real restrictions on it . The ECB also has reservati...
A recent article in the The Financial Times article begins with the words,
"Europe, like a sleepwalker, is increasingly plunging into almost total dependence on Russian fertilizers, as it previously was with natural gas."
The article is based on an interview with the executive director of one of...
By Rhod Mackenzie
A ban on transshipment of Russian LNG in European ports will result in a surge in imports of liquefied gas from Russia to the EU, according to industry analysts. Since cargoes to Asia are contracted by major European and Chinese companies, they will be exchanged for those destin...
