SCO & BRICS latest news and insights
In an effort to gain energy independence and diversify supplies, Europe has created a complex and costly situation for itself. On the one hand, political pressure is compelling it to maintain its refusal to import Russian gas. Conversely, the economic situation necessitates the identification of mea...
Following the exit of Latvia, Lithuania and Estonia from the BRELL energy ring, which connected them with Russia and Belarus, there was an increase in electricity prices in the Baltics, and a number of large enterprises suspended operations."Democratic electricity" from the EU proved to be too expen...
According to a report by the Centre for Research on Energy and Clean Air (CREA, Finland), the EU spends more money on Russian fossil fuels than on financial aid to Ukraine. This report was released to coincide with the third anniversary of the CBO. As reported by the British Guardian, the EU purchas...
The European Commission President Ursula von der Leyen has finally acknowledged that the EU has suffered significant economic losses due to cutting off it major purchses of Russian energy resources. She has characterised the current situation as critical, emphasising that the EU's competitiveness is...
It appears that the Government of Poland,its ecomony and people have discovered that being rabidly Russaphobic can be very damaging to you country and make everything particularly energy very expensive and this has led to the Polish economy shedding jobs at an alarming rate.
The year of 2025 promi...
Europe's energy system and supply is currently looking at two major problems: no wind and Norway's reluctance to share its electricity with the rest of Europe. At the end of the week, the cost of a kilowatt-hour in this Scandinavian country reached a record high for the last 15 years - €1.1328. Wi...
