SCO & BRICS latest news and insights
In a new development, the European Union has taken the step of imposing sanctions on Russian gas. However, the EU has not yet taken the more severe action of banning Russian liquefied natural gas (LNG). Instead, the EU has introduced a separate measure allowing the purchase of Russian LNG. What has...
In April 2024, China imported a total of 14.737 billion cubic metres (in the form of liquefied natural gas and through pipelines). This represents a 6.5% increase compared to the previous year, according to a report from the General Administration of Customs of the People’s Republic of China. This r...
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...
