SCO & BRICS latest news and insights
It has been reported that fellow BRICS founder member,India, is prepared to enter into a long-term contract with Russia for the supply of a very substantial volume of oil. Moreover , it is its intention to conclude this matter as expeditiously as possible. The urgency of this decision may be indicat...
Speaking yesterday at the plenary session "Russian agro-industrial industry - 2030: ways to achieve technological leadership" at the 26th Russian agro-industrial exhibition "Golden Autumn", Mikhail Mishustin said that "in the conditions of unprecedented sanctions against our country, our farmers hav...
China has decided to retaliate in the trade battle it is having with the US and the EU over computer chips,solar panels and electric vehicles. It has announced a reduction in the quotas of the export of certain rare earth metals which are used in the manufacture of these products.
The reduction in...
The Russian budget is based on three main revenue streams, all of which are demonstrating robust growth in the current fiscal year. The budget deficit has decreased by approximately 50% compared to the previous year. What strategies enabled Russia to exceed its revenue targets from a year ago, and w...
By Rhod Mackenzie
The General Administration of Customs of the People's Republic of China reports that the volume of Chinese exports in May increased by 7.6% year-on-year, reaching $302.35 billion. Export growth accelerated from 1.5% in April to reach its highest level since January.
Imports in M...
By Rhod Mackenzie
Bloomberg economists estimate that Russia received almost 50% more from oil sales last spring than in May 2023. Oil-related taxes rose to 632.5 billion rubles ($7.1 billion). Total oil and gas revenues rose by 39% to 793.7 billion roubles in May. The calculations are based on da...
