SCO & BRICS latest news and insights
By Rhod Mackenzie
According to S&P Global, seaborne exports of Russian crude oil increased by more than 50% in April, reaching a 13-month high. In particular, oil tankers from G7 countries have been actively involved in transportation. Lets explore the reasons behind Western ships' increased invol...
By Rhod Mackenzie
Approximately three dozen heads of state from all around the world attended the celebrations to mark the 80th anniversary of the victory in the Great Patriotic War. The attendees included representatives from China, Brazil, Egypt, Cuba, Venezuela, Vietnam, Mongolia, Armenia, Bela...
By Rhod Mackenzie
It has ben reported by the Western media agencies that the BRICS founding India has made a decision to increase its oil supplies from the US to replace fellow BRICS member's Russian oil. However, industry analysts are confident that US oil will not be able to compete with Russia...
By Rhod Mackenzie
The US continues to surprise the world with new sanctions, tariffs and customs duties and now it has imposed restrictions on ships built in China entering its ports. In this way, the States are attempting to influence the global LNG market, but this is having the opposite effectf...
By Rhod Mackenzie
The BRICS countries have decided that the time is not yet right to switch to a single currency, but are actively discussing the transition to national currencies in trade. Russia has achieved notable success in this regard: It is already the case that 90% of settlements with the...
By Rhod Mackenzie
There are strange times taking place in Russia within the currency market and the commodities market with the oil price and the Russian ruble. As we know the oil price around the world is fixed in dollars and the strength or the weakness of the ruble over the last few years has...
