SCO & BRICS latest news and insights
By Rhod Mackenzie
Kazakhstan has started purchasing electricity from the Russian Federation at a higher price due to new trade regulations between the two countries. The average delivery cost in the second half of 2023 increased by almost a third, exceeding 5 rubles per kWh. Analysts predict that...
It has been announced that Kazakhstan and the United States are discussing logistics opportunities and the prospects of natural resource extraction in this Central Asian country. Recently, Astana has taken measures to eliminate bottlenecks in the Middle Corridor. During negotiations in Washington, t...
According to a new review by the Eurasian Development Bank (EDB), the trade turnover between the Eurasian region and China increased by 16% to $277 billion based on the results of the first ten months of 2023. The report shows the significant expansion of trade with China by almost all EAEU countrie...
By Rhod Mackenzie
From 2026, the transit of Russian gas to Uzbekistan through Kazakhstan can be increased fourfold, to 11 billion cubic meters. Currently, Central Asia is the only new direction for Gazprom (MOEX: GAZP) after the collapse of supplies to Europe in the last two years. In 2023, the co...
In 2024, Germany hopes to persuade Kazakhstan to increase pipeline oil supplies through Russia to German refineries to 2 million tons this year, which is 1.7 times more than the current contract. However, the price of the supplies will be a determining factor, as Astana will need to reduce volumes...
By Rhod Mackenzie
Through the acquisition of Polymetal's Russian assets, Mangazeya, owned by Sergei Yanchukov, has become one of the largest gold mining companies in the Russian Federation. The transaction is valued at $3.7 billion,however, only $300 million is to be paid in cash. Polymetal will a...
