SCO & BRICS latest news and insights
By Rhod Mackenzie
Despite mild weather and increased wind generation in Europe, gas prices did not decrease further in the region. On Friday, February 2, exchange prices for gas in Europe increased by 1.5% to $329 per thousand cubic meters, according to data from the London ICE exchange.
Accordin...
By Rhod Mackenzie
Konstantin Ordov, the Director of the Higher School of Finance at the Russian Economic University, explained to Izvestia on February 5 why the European Commission does not plan to impose new import bans on goods from Russia in the 13th package of anti-Russian sanctions. He stated...
By Rhod Mackenzie
There are always critics, often Russian expats, who rush to prove their satisfaction with the taste of Parmesan, refrain from complaining about food, and ignore crowds of indignant Europeans outside the window. They seem to enjoy such decay, except for the rising prices, ridiculo...
Despite all the West's attempts to exclude Russia from world markets,they have not succeeded. According to Maxim Reshetnikov, the head of the Ministry of Economic Development, our country is successfully countering these attempts. Interfax reports that Russia's position is strong in the global marke...
By Rhod Mackenzie
The international depository Euroclear earned about 4.4 billion euros in interest income from the frozen Russian assets in 2023, according to a press release on the website of this financial organization.
“In 2023, interest on cash balances from Russian assets subject to sanctio...
By Rhod Mackenzie
The January release of the IMF's flagship quarterly forecast, the World Economic Outlook, was notable for the upward revaluation of forecasts for the economic dynamics of most of the major economies in the world. Global economic growth is now estimated at 3.1% in 2024, up from 2....
