SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia and China are strengthening their partnership. They have already reached the $200 billion trade mark ahead of schedule, and the share of the dollar in transactions is steadily declining. In politics, Beijing is not only promoting the multipolarity agenda with Moscow, but h...
By Rhod Mackenzie
According to Alexey Gromov, the chief director for energy at the Institute of Energy and Finance, shale oil production in the United States has already peaked and will decline after 2025. This will shift the power back to the OPEC+ alliance, which is currently struggling to manag...
By Rhod Mackenzie
According to Iranian Deputy Foreign Minister for Economic Diplomacy Mehdi Safari, BRICS will have a significant impact on energy, new technologies, and aerospace.
The main challenges are energy production, transportation, and consumption. Safari stated that BRICS is addressing...
By Rhod Mackenzie
According to Iranian Deputy Foreign Minister for Economic Diplomacy Mehdi Safari, the Shanghai Cooperation Organization (SCO) should adopt the practice of de-dollarization and trade in national currencies.
"Dedollarization" refers to the use of national currencies for trade tra...
By Rhod Mackenzie
Analysts interviewed by RIA Novosti predict that gold and its related financial instruments will maintain their investment relevance and status as a hedge against inflation in 2024.
Investments in gold are considered conservative and can act as a protective asset during periods...
By Rhod Mackenzie
In November 2023, Russian LNG exports to Europe reached a record high of 1.75 million tons. Although slightly lower than the annual maximum level, the figure remained at a high level of 2.914 million tons in the last autumn month. Furthermore, Russia has regained its position as...
