SCO & BRICS latest news and insights
By Timur Fomenko
For years, the US has been pressuring the Netherlands to comply with technology restrictions on the export of advanced lithography machines to China. These machines, produced by the Dutch firm ASML, use lasers to create circuits for microchips.
Although ASML is a world-leading c...
By Rhod Mackenzie
In November 2023, Russian LNG exports to Europe reached a record high of 1.75 million tons. Although slightly lower than the annual maximum level, the figure remained at a high level of 2.914 million tons in the last autumn month. Furthermore, Russia has regained its position as...
By Rhod Mackenzie
In Europe, the demand for gas has been artificially reduced, which has led to deindustrialization in many countries. Alexey Miller, the head of Gazprom, announced this on Thursday, December 28, during a meeting where the preliminary results of the year were discussed.
"We are a...
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
Russia has been able to withstand the impact of sanctions more easily due to the 'big country trap.' This conclusion was reached by the Institute of Economics of the Russian Academy of Sciences. The scientists explain that if a state is a major player, then limiting its exports,...
By Rhod Mackenzie
Equinor, the Norwegian energy company formerly known as Statoil, has signed a 10-year contract with German state energy company SEFE. The contract requires Equinor to supply 111 TWh (10 billion cubic meters) of natural gas annually from January 1, 2024 until 2034 at a fixed price...
