SCO & BRICS latest news and insights
To reduce import dependence in the manufacturing industry and mechanical engineering, it is essential to accelerate the development of component manufacturers, in fact, the third industrialisation. Otherwise, there will be complete dependence on supplies from China.
The import dependence of mechani...
By Rhod Mackenzie
The economies of most Western oil consumers are growing slowly or not growing at all. Furthermore, Russia’s BRICS partners are not the audience from which OPEC+ would intend to earn windfall profits. Therefore, oil has outlined a smooth compromise corridor, which can only be dire...
By Ivan Shchedrov
Since 2010, the India-Russia special and privileged strategic partnership has developed on a solid foundation of strong history and was maintained by the means of political imperatives. Russia supported India’s membership in the Shanghai Cooperation Organisation (SCO) and called...
The confiscation of Russian assets frozen in the European Union would have a profoundly negative impact on the European financial system and would prompt the departure of a significant number of international investors, according to Valerie Urbain, the newly appointed head of Euroclear, one of the w...
Copper prices reached a two-year high, driven by a weakening dollar and growing concerns about the metal's supply in global markets. In London, on the LME, prices surpassed the key resistance level of $10,000 per metric ton. The June copper contract on the Shanghai Futures Exchange is currently valu...
Russian oil companies generated 1.053 trillion rubles ($11.55 billion) for the treasury in April, according to Bloomberg. This represents a doubling of revenues compared to April 2023 (497 billion rubles), driven by rising prices for oil and the weakening of the ruble.
Together with gas, budget re...
