SCO & BRICS latest news and insights
By Rhod Mackenzie
In 2023, India imported 22.141 million tons of liquefied natural gas, an increase of 8% from 2022 (20.468 million tons), according to the state Ministry of Trade and Industry.
However, this is still below the 2021 level (24.373 million tons) and the 2020 record (26.6 million to...
According to a Russian Chamber of Commerce and Industry report new car brands, including those from Iran and India, may soon enter the Russian market. African producers have also expressed interest, but China remains the dominant player. This article questions whether these new brands can compete wi...
By Rhod Mackenzie
Trade between India and Russia reached a record $54.7 billion. The majority of this volume comes from Russian exports. As a result, the Russian Federation has accumulated rupees, which are difficult to convert. The solution to this problem is increasingly being cited as reinvestm...
At first glance, the planned BRICS expansion seems unlikely to radically reshape the geopolitical status quo. But against the backdrop of the Russia-Ukraine conflict and mounting tensions between China and the US, the move may well have wider implications for the existing global order, writes Rachel...
By Rhod Mackenzie
India believes that the world should appreciate its decision to purchase Russian oil instead of criticizing it. Previously, there were calls in the EU to ban India from supplying gasoline and diesel made from Russian oil.
India believes that it is contributing to stabilizing the...
By Rhod Mackenzie
The Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, India's state-owned oil refineries, are in talks with Rosneft about long-term supplies of its oil, Bloomberg reported, citing sources .
"All three of India's state-owned refiners are in...
