SCO & BRICS latest news and insights
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...
This growth reflects the changing global energy consumption landscape. India's oil demand is projected to reach 5.59 million barrels per day (b/d) in 2024, up from 5.37 million b/d in the previous year, according to OPEC.
In January 2024, India experienced a significant increase in oil imports, wi...
According to Dmitry Kobylkin, the head of the State Duma Committee on Ecology, Natural Resources and Environmental Protection, the BRICS platform has the potential to coordinate efforts in protecting and promoting national interests, as well as developing common approaches to natural resource manage...
