SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia's annual GDP growth reached 4.4% in April, up from 4.2% in March, according to a review of the current situation in the Russian economy by the Ministry of Economic Development. Excluding seasonal factors, GDP in April increased by 0.2% compared to the previous month, while...
By Rhod Mackenzie
Russia has become the fourth largest economy in the world in terms of purchasing power parity (PPP), a development that occurred at the end of 2021. However, it was not until 2024 that this was identified based on updated data from the World Bank. Why did it take four years to id...
By Rhod Mackenzie
In quarterly terms, the GDP index has been growing consistently since mid-2022; in the first quarter of 2024, growth accelerated to 5.4% in annual terms (through January-March 2023) from 4.9% in the previous quarter, the VEB.RF Institute reported. In March, GDP increased by 0.4%...
By Rhod Mackenzie
The Russian President Vladimir Putin has made his first state visit to China since taking office, underlining the particularly friendly relations that have developed between the two countries over the past six months. Incidentally, Chinese President Xi Jinping made his first visi...
By Rhod Mackenzie
Russia aims to implement a new economic model, supply-side economics, and launch a corresponding national project. This was announced by Deputy Prime Minister Alexander Novak during a meeting of the State Duma Committee on Energy.
The new model is designed to address the challe...
By Rhod Mackenzie
The economies of most Western oil consumers are growing slowly or not growing at all. Furthermore, Russia’s BRICS partners are not the audience from which OPEC+ would intend to earn windfall profits. Therefore, oil has outlined a smooth compromise corridor, which can only be dire...
