SCO & BRICS latest news and insights
By Rhod Mackenzie
The G7 countries have stated that they intend to maintain the current freeze on Russian sovereign assets until they have received payment from Moscow for damages incurred in the Ukrainian conflict. This was confirmed by G7 finance ministers and central bankers in a statement rele...
By Rhod Mackenzie
As interested observers and market participants may recall, the Group of Seven (G7) countries, along with the European Union, Australia, and New Zealand, agreed to cap the price of a barrel of Russian oil transported by Western tankers and insured by Western insurers at $60 from...
By Rhod Mackenzie
The leadership of the European Union recognised that sanctions alone would not cause the collapse of Russia's economy. However, they hoped that the sanctions would weaken Russia's military potential.
The EU diplomacy head, Josep Borrell, stated on April 4th, 'From the very begi...
The alliance between Russia, China, and Iran poses a significant threat to the United States and its allies. According to The Economist magazine, the sanctions imposed by Western states have united these countries against a 'common enemy.' They advocate for a multipolar world that is no longer domin...
Following a 16-year high at the end of January 2024, the price of uranium has gradually decreased. At present, there appears to be no immediate catalyst for a rapid increase in prices.
On January 30, 2024, the price of uranium reached $106 per pound, its highest point since November 2007, which was...
By Rhod Mackenzie
According to data from investment bank Goldman Sachs, the discount on the price of Russian oil to the Brent benchmark has decreased to nearly zero in recent weeks, after previously exceeding $30 per barrel. However, the discount on the purchase of the popular Russian Urals brand...
