SCO & BRICS latest news and insights
Last year, the Federal Customs Service calculated that the sobotage of the Nord Stream pipelinescost the Russian budget over a trillion rubles in lost revenue from gas exports. Sanctions against the oil industry caused less damage to the budget. Despite this, the budget was managed. How did Russia...
An article by Bloomberg has concluded that the Russian economy has fully adapted to the challenging situation it faces. Recently, the government released the forecast data on the country's trajectory towards becoming the 4th largest economy in the world. Experts have identified both opportunities an...
By Rhod Mackenzie
Germany is facing the exodus of German companies to the United States and China amid rising gas prices in Europe, the Bundestag's budget committee told Izvestia. MP Wolfgang Wiele stresses that the chemical industry has suffered the most: in two years, Germany has lost about a qu...
By Rhod Mackenzie
From 2026, the transit of Russian gas to Uzbekistan through Kazakhstan can be increased fourfold, to 11 billion cubic meters. Currently, Central Asia is the only new direction for Gazprom (MOEX: GAZP) after the collapse of supplies to Europe in the last two years. In 2023, the co...
In 2024, Germany hopes to persuade Kazakhstan to increase pipeline oil supplies through Russia to German refineries to 2 million tons this year, which is 1.7 times more than the current contract. However, the price of the supplies will be a determining factor, as Astana will need to reduce volumes...
By Rhod Mackenzie
Gas prices in Europe have fallen to pre-crisis levels despite it still being the winter. However, this news is overshadowed by the fact that gas consumption in Europe has dropped to its lowest level since 1995. It is unlikely that Europe will ever return to its pre-crisis peak de...
