SCO & BRICS latest news and insights
British billionaire Jim Ratcliffe, founder and head of the petrochemical giant Ineos Group, has stated that the high cost of electricity and carbon have undermined the competitiveness of the European petrochemical industry, sending it into a state of decline.
In an interview with Bloomberg TV, Mr R...
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...
By Rhod Mackenzie
The new Gazprombank's Price Index Centre (PIC) began calculating the Commodity Price Index, an analogue of the Bloomberg Commodity Index, but for Russian goods and based entirely on Russian information. This is another important step towards creating a full-fledged information in...
By Rhod Mackenzie
Europe continues to increase its purchases of Russian LNG, but at the same time continues to talk about imposing sanctions against it. The issue is being approached with caution. First, they want to assess the consequences of restrictions on the import of pipeline gas. More pr...
By Rhod Mackenzie
Russia is actively increasing the production of a strategically important resource – helium. Currently, the largest market players are the USA, Qatar and Algeria. However, in the coming years, the balance of power may change significantly. According to scientists, by 2030 Russia...
By Rhod Mackenzie
The Shanghai Cooperation Organization continues to expand. This time, Russian Foreign Minister Sergei Lavrov said that Mongolia could also join the association. Moscow has a wealth of experience in relations with this country, and the prospects for trilateral cooperation with Chi...
