SCO & BRICS latest news and insights
The Russian Direct Investment Fund has facilitated the return of American oil companies to the Russian market, following their previous exodus from the country. The decision has been met with a mixed response, with some companies leaving Russia with hostility, while others have been reluctant to exi...
The recent drone attack by Ukraine on a Russian pumping station in the Krasnodar Krai region has the potential to benefit Russia, possibly leading to the lifting of some sanctions. The attack highlights the short-sightedness of Ukraine's military's policies, as it has led to a significant reduction...
Despite the sanctions imposed, five EU countries purchased oil and gas from Russia in January, totalling 1.2 billion euros. This raises questions regarding the methods employed to circumvent these obstacles, and the reasons for the apparent discrepancy between official political statements and busin...
On 23 January, three days after his inarguaration as the US President Donald Trump called on OPEC countries, primarily Saudi Arabia, to lower oil prices. He expressed surprise that they had not done so prior to the US elections. Trump's strategy involves using lower oil prices to persuade Russia to...
The Biden presidency is just days from its end and that normally means that not a lot happens before the incoming administration takes office,however the Biden presidency has been marked by a level of vindictiveness rarely seen in politics and that has continued this week with the announcement of fu...
In response to the Ukraine crisis, the United States and its allies imposed economic sanctions on Russian oil in February 2022. Later that year, they introduced a $60 cap on crude and an embargo on Russian seaborne oil, with the aim of hurting the country's economy while ensuring the continued flow...
