SCO & BRICS latest news and insights
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...
By Rhod Mackenzie
According to a report by India Ratings and Research, India has the potential to become an upper-middle-income country by FY 2033-36 and a $15 trillion economy between FY 2043 and 2047.
Until 2006, the World Bank classified India as a low-income country. India moved into the lowe...
By Soumya Bhowmick
In the current global economic landscape, the trajectory of multilateral institutions is undergoing a pivotal shift, and the BRICS alliance is a crucial player in this transformation. As we delve into the realms of trade, investment, and finance within BRICS, we find ourselves n...
By Rhod Mackenzie
Last year, Russia earned nearly $187 billion from supplying oil, gas, and coal to several friendly countries. This amount is $56 billion more than the average level of supplies to European countries before they imposed anti-Russian sanctions. RIA Novosti calculations were used to...
India and Russia share a "stable and very friendly" relationship and Moscow has "never hurt out interests", External Affairs Minister S Jaishankar told German daily Handelsblatt, defending long-standing ties between the two nations as the West pushes to end the war in Ukraine.
"Everyone conducts a...
The State oil refiners in India are negotiating long-term agreements for supplies of crude with Russian energy giant Rosneft, Bloomberg reported, citing people with knowledge of the matter.
According to the report, Indian Oil, Bharat Petroleum, and Hindustan Petroleum are taking part in the discus...
