SCO & BRICS latest news and insights
By Rhod Mackenzie
The volume of trade between Russia and India may reach a record high by the end of the year. As of the end of the third quarter of 2023, the trade volume has already reached 3.9 trillion rubles. This information was reported by RIA Novosti, citing Deputy Minister of Economic Deve...
By Rhod Mackenzie
The Russian President Vladimir Putin said at the VTB international forum "Russia Calling" that the number of foreign companies operating in Russia did not decrease after the introduction of sanctions, but on the contrary increased by almost 1.5 thousand.
"As of 1 March 2022, 24...
By Rhod Mackenzie
The European Union's new package of anti-Russian sanctions will not cause significant damage to the Russian economy. Georgy Ostapkovich, the director of the Centre for Market Research at the Higher School of Economics, told Izvestiya on 18 December.
Earlier that day, the EU app...
By Chris Devonshire-Ellis
The BRICS Ambassador at large, Anil Sooklal, has stated that a further 20 countries, in addition to the recently proposed six new members invited earlier this year, have applied to join the BRICS group. When discussing South Africa’s current Presidency of the BRICS, he st...
By Rhod Mackenzie
Turkey has made up to $2 billion in extra profits in 2023 by importing discounted oil and petroleum products from Russia. Despite Western sanctions, Ankara aims to increase its purchases of Russian energy resources.
Over the past year, Ankara has become the largest buyer of Rus...
By Zamir Ahmed Awan
BRICS is an intergovernmental organization comprising Brazil, Russia, India, China, and South Africa. It encompass about 27% of the world’s land surface and 42% of the global population. Brazil, Russia, India, and China are among the world’s ten largest countries by population...
