SCO & BRICS latest news and insights
Kommersant reports that in March, Russian oil companies significantly increased sea exports to 3.8 million barrels per day due to problems with refinery utilization. This is the highest level since May 2023. The increase in oil exports is due to the redirection of flows from refineries damaged by dr...
The Ministry of Finance has reported a significant increase in budget revenues during the first quarter of this year. Both non-oil and gas revenues, as well as revenues from the sale of oil and gas, are growing. Additionally, the latter has shown phenomenal growth. What is contributing to the Russia...
By Rhod Mackenzie
Russia's main trading partners no longer include any Western countries. Germany, which had a trade turnover of $12 billion, is no longer in the top 5. Instead, China, India, and Turkey have become the leaders. RIA Novosti's analysis of data from national statistical services show...
The Reserve Bank of India (RBI) has kept its key interest rate unchanged for the seventh consecutive meeting as inflation remains within the target range. The repo rate remains at 6.5% per annum, as predicted by most analysts and economists.
Consumer prices in India rose by 5.1% in February, which...
The first-ever 2+2 political and military dialogue was held between India, and one of its key BRICS partners, Brazil, in New Delhi, marking a significant milestone in bilateral relations.
The discussions focused on defence, space, energy, critical minerals, tech, counter-terrorism, and regional, m...
India has purchased Russian oil despite external pressure, in order to serve the interests of consumers within the country. On April 2, the head of the Indian Foreign Ministry, Subrahmanyam Jaishankar, stated that if India
did not buy oil from Russia, it would have to purchase it from Persian Gulf...
