SCO & BRICS latest news and insights
By Rhod Mackenzie
Since the beginning of 2023, the price of Russian oil in rubles has increased by 1.5 times and has exceeded 8 thousand rubles per barrel. This is brought about not only by the high price of oil itself and the low exchange rate of the ruble, but also by the fact that Russian oil e...
By Rhod Mackenzie
The Russian Minister of Agriculture, Dmitry Patrushev informed the State Duma deputies that internal enterprises will buy 5.4 million tonnes of mineral fertilisers by the end of 2023. Concurrently, the quantity of fertiliser application will rise to 65 kilograms per hectare. To p...
By Rhod Mackenzie
On the morning of Thursday 28 September 2023, the price of oil continued its rise that began the day before. It was triggered by growing concerns among market participants about fuel shortages that could lead to supply constraints ahead of winter.
In addition, markets continue...
By Rhod Mackenzie
For the first time in at least three years, Russia has more than doubled its grain exports. According to the Federal Customs Service, by mid-September exports had reached 44.6 million tonnes. At the same time, the share of agricultural exports to 'so called' friendly countries ros...
By Rhod Mackenzie
Russia is ranked 17th in the list of the world's largest food exporters. It also made the biggest jump in the top 20 over the past decade, with exports increasing by 2.5 times. But Russia wants to sell even more food products abroad. It's not even about feeding friendly countries...
