SCO & BRICS latest news and insights
By Manish Vaid
The trajectory of India’s oil demand growth reflects the shifting contours of the global energy landscape. The Organization of Petroleum Exporting Countries (OPEC) estimates India’s oil demand in 2024 at 5.59 million b/d, a marginal rise from 5.37 million b/d in 2023.
India’s oil i...
By Pepe Escobar
BRICS doubled its membership at the start of 2024, and faces huge tasks ahead: integrating its newest members, developing future admission criteria, deepening the institution's groundings, and most importantly, launching the mechanisms for bypassing the US dollar in international f...
By Rajiv Bhatia
On 1 January 2024, the chairship of BRICS shifted from South Africa to Russia, with a full agenda in tow. BRICS, a multilateral forum of five nations – Brazil, Russia, India, China, and South Africa – made history by accepting the applications of six other states – Argentina, Saudi...
By Rhod Mackenzie
Following increased monitoring of oil sanctions against Russia by Washington and the rest of the G7, tankers carrying Russian oil began to appear. However, buyers rejected these tankers to avoid being subject to secondary US sanctions. Consequently, several tankers carrying Russi...
By Ahmed Adel
On Monday, Union Commerce and Industry Minister Piyush Goyal said that many large and small economies around the world have expressed willingness to start trading in rupee terms with India, which could be a “game-changing” development for India’s trade. This is another important step...
By Rhod Mackenzie
New Delhi is set to eliminate most tariffs and duties on goods from Switzerland, Norway, Iceland and Liechtenstein, members of the European Free Trade Association (EFTA), in several economic sectors. The negotiations for this trade agreement lasted 16 years and consisted of 21 ro...
