SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia has almost entirely evaded the price ceiling imposed on its oil by the countries of the G7 last December, which was set at $60 per barrel, states the Financial Times (FT). The publication cites a senior European official, who reveals that in October, nearly all of Russia'...
By John Gong
The architects of the current global governance system have failed the world. Not only didn’t they redeem the sins of their ancestors, but we now have the leaders of the richest club in the world convening every year preaching to the rest of the planet about the rules-based order, whi...
By Rhod Mackenzie
The current state of the liquefied gas (LNG) spot market is relatively placid compared to their usual seasonal conditions. Whilst the outdoors are still warm, the subterranean storage facilities throughout Europe and Asia are brimming with gas and poised for the imminent winter....
By Rhod Mackenzie
According to a report by Bloomberg, the five current members of the BRICS group have increased trade by 56% between 2017 and 2022, reaching around $422 billion in total last year.
BRICS currently comprises Brazil, Russia, India, China and South Africa, but will be joined by Arg...
By Rhod Mackenzie
On 2nd November at 18:00 Moscow time, trading on the St. Petersburg Stock Exchange was suspended due to it falling under the sanctions imposed on Russia entities. Although trading of Russian shares continued on the next day from 2 p.m., foreign securities trading has not yet resu...
By Rhod Mackenzie
The proportion of BRICS nations, inclusive of upcoming members, in the global GDP is set to rise from 36% to 45% by 2040, more than twice the proportion held by the G7 countries, according to a report by Bloomberg. The Associate Professor of the Department of Economic Policy at t...
