SCO & BRICS latest news and insights
The high cost of electricity in Poland has reached a point where it is affecting the profitability of previously thriving businesses. The country is at serious risk of deindustrialisation due to gas shortages and the strict enforcement of EU environmental regulations. Plus the Polish government's...
By Rhod Mackenzie
China is taking advantage of lower global energy prices for coal and natural gas to secure supplies ahead of the summer season. Bloomberg has published an article on this topic.
At the end of April, gas imports into the country increased by 21% compared to the same period last...
By Rhod Mackenzie
Kazakhstan has started purchasing electricity from the Russian Federation at a higher price due to new trade regulations between the two countries. The average delivery cost in the second half of 2023 increased by almost a third, exceeding 5 rubles per kWh. Analysts predict that...
By Rhod Mackenzie
While many countries are moving away from using coal to consign its use to history, China continues to increase its consumption. This commitment to coal seems to contradict China's impressive successes in green technologies and poses a threat to global efforts to combat climate ch...
By Dmitry Skvortsov
The EU's refusal to purchase Russian electricity has become one of the most important points of the West's sanctions program against the economy of the country. However, the effect of this measure turned out to be the opposite: the sanctions stimulated the resumption of a whole...
