SCO & BRICS latest news and insights
By Rhod Mackenzie
The US has temporarily allowed transactions with Russian banks, including Sberbank and VTB. Transactions are only possible in the energy sector and will be agreed before 1 November this year. Why did Washington take this decision and how will it affect the market?
The US Treasur...
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...
An article on the Oilprice website reports on the expansion of and the deepening of the cooperation between Russia and Iran, with a focus on energy, particularly gas. Earlier this year, the Iranian Supreme Leader Ali Khamenei approved a 20-year comprehensive cooperation agreement, similar to the 25-...
The CEO of Saudi Aramco, Amin Nasser, has called for a change in the strategy of transitioning from fossil fuels to renewable energy sources, commonly known as the 'green' transition. Nasser believes that the current strategy has failed and proposes to abandon the idea of replacing oil and gas with...
By Rhod Mackenzie
Germany is facing the exodus of German companies to the United States and China amid rising gas prices in Europe, the Bundestag's budget committee told Izvestia. MP Wolfgang Wiele stresses that the chemical industry has suffered the most: in two years, Germany has lost about a qu...
The Dutch regulator's approval to import enriched uranium hexafluoride (UF6) from Russia for the next three years has caused controversy. Urenco, a government-controlled company, had to clarify that Western nuclear energy cannot do everything that is done in Russia, and that there are contractual ob...
