SCO & BRICS latest news and insights
By Rhod Mackenzie
The major BRICS countries of China,India and Russia are at the forefront of the use of and the the continued building of nuclear power plants to generate clean sustainable energy while the West has pinned its hopes on the so called renewables of Wind and Solar the BRICS are goin...
By Rhod Mackenzie
The scheme proposed in India for using the rupees of Russian suppliers for export to third countries can be implemented under two conditions: the discount on the return of proceeds must be less than the existing one, and India will have to form a sufficient pool of orders for its...
Relations between Russia and India have experienced a renaissance in recent years. In 2023, India became one of our leading trading partners; in ten months we reached a trade turnover of $55 billion (in 2022 it was $35 billion for the whole year). This country has already overtaken China to become t...
By Rhod Mackenzie
The revitalized BRICS is strengthening its position on multiple fronts simultaneously. Russia intends to establish a shared grain exchange, which will enhance Moscow's significance as a primary supplier and bolster the food security of the interstate alliance. Furthermore, this w...
By Rhod Mackenzie
As interested observers and market participants may recall, the Group of Seven (G7) countries, along with the European Union, Australia, and New Zealand, agreed to cap the price of a barrel of Russian oil transported by Western tankers and insured by Western insurers at $60 from...
By Rhod Mackenzie
Vietnam is considering joining BRICS and determining its level of participation in the association, according to the country's embassy in the Russian Federation. However, the embassy did not confirm whether Vietnam has submitted an application for membership. Previously, the Sout...
