SCO & BRICS latest news and insights
By Rhod Mackenzie
The share of so called 'toxic' currencies in the Russia's export trade payments has nearly halved since the beginning of the year. In October, it accounted for only 24.7% of total revenues, according to the data of the Bank of Russia. The primary reasons for this are the sanction...
By Rhod Mackenzie
Russia has been able to withstand the impact of sanctions more easily due to the 'big country trap.' This conclusion was reached by the Institute of Economics of the Russian Academy of Sciences. The scientists explain that if a state is a major player, then limiting its exports,...
By Rhod Mackenzie
Equinor, the Norwegian energy company formerly known as Statoil, has signed a 10-year contract with German state energy company SEFE. The contract requires Equinor to supply 111 TWh (10 billion cubic meters) of natural gas annually from January 1, 2024 until 2034 at a fixed price...
On December 20, Russian Foreign Minister Sergei Lavrov arrived in Morocco to attend a meeting of the Russian-Arab Cooperation Forum.
His plane landed in the morning at Marrakech-Menara airport.
The previous forum meeting took place in Moscow in April 2019, and subsequent meetings were reschedule...
By Rhod Mackenzie
According to analysis of data from the Pakistani government, Pakistan received a record 1.4 million tons of grain from Russia in 2023. In addition, the November imports were paid for the first time in UAE dirhams instead of US dollars.
At the end of autumn, Pakistan imported 37...
By Rhod Mackenzie
While the economies of the European Union (EU) states are slipping into recession, Russia's gross domestic product (GDP) is growing. Dmitry Medvedev, the Deputy Chairman of the Security Council of the Russian Federation, announced on December 19 on his social media page.
He st...
