SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia will be granted the right to participate in developing Vietnam's oil and gas fields in exchange for tax breaks in joint ventures. The two states will boost collaboration on oil projects, as evidenced by the Cabinet of Ministers' materials reviewed by analysts. For instance...
By Rhod Mackenzie
The West is struggling to devise further sanctions for the Russian oil sector. The price ceiling has proved ineffective, with Russian oil being sold above the limit for six months. The European authorities are currently deliberating a potential ban on the sale of oil tankers to R...
By Rhod Mackenzie
Argentina has no plans to to take up its invitation to join BRICS on January 1, this was confirmed by Diana Mondino, a senior economic adviser to the country's president-elect, Javier Milei, in an interview with Sputnik Brazil on Monday.
The invitation to join BRICS was approve...
By Rhod Mackenzie
The North-South ITC's development will notably boost agricultural exports from the southern territories of the Russian Federation. By 2030, market participants estimate that it could potentially reach 30 million tonnes. However, Iran's trade relations' progression is delayed by p...
By Rhod Mackenzie
Russia has amassed “billions” of rupees with restricted convertibility through trading with India. However, as Indian exports to Russia are ten times less than their imports, these rupees cannot be utilised. In response, partners suggest investing them in local corporate bonds....
By Rhod Mackenzie
Siemens Energy has taken on debt to protect its sustainable business. The energy division of Siemens Energy AG, which is the biggest unit of the German engineering corporation Siemens, has agreed a deal worth €15 billion with a group of banks, the German government, and its share...
