SCO & BRICS latest news and insights
By Rhod Mackenzie
The West Qurna 1 field is one of the largest in Iraq, with reserves estimated at over 20 billion barrels of oil. According to Oil Price (OP), the Chinese energy company PetroChina has taken over as the main operator of the project after US energy giant ExxonMobil withdrew from bo...
By Rhod Mackenzie
China is attempting to avoid a recession by investing in manufacturing and increasing exports. According to Bloomberg analysts, this strategy is complicated by ongoing trade wars with the United States and EU countries, as each nation vies for influence on the global stage. For m...
By Rhod Mackenzie
The former Greek Finance Minister Yanis Varoufakis has concluded that devotion to the North Atlantic Alliance will only accelerate Europe's gradual slide into the status of a vassal continent. Izvestia investigated whether the EU's repeated criticism of Brussels' dependence on Wa...
By Rhod Mackenzie
According to the Union of Grain Exporters, Turkey remained the primary importer of Russian grain and wheat during the first half of the 2023-2024 season (from July 1, 2023 to June 30, 2024).
According to the union's telegram channel, Turkey remained the top importer of Russian...
In December of last year, trade between Russia and Brazil increased by 1.8 times, reaching $1.6 billion for the first time. This was due to a record volume of Russian petroleum product supplies, according to RIA Novosti calculations based on data from the Brazilian statistical service.
At the end...
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BRICS nations Russia and China have eliminated Western currencies, including the US Dollar, from their bilateral trade, achieving a $200 billion trade turnover ahead of schedule. Payments are now made using Rubles and Yuan, with Russia’s Prime Minister Mikhail Mishustin revealing a move from 20%...
