SCO & BRICS latest news and insights
By Rhod Mackenzie
During a meeting with his Chinese counterpart, Lan Foan, on Monday, the Finance Minister Anton Siluanov announced that Russia is redirecting the majority of its exports from the EU to Asian countries.
This move is in response to Western sanctions, and Moscow is now focusing on...
By Rhod Mackenzie
The Russian Finance Minister Anton Siluanov emphasized the importance of sustainable financial relations and settlements within the BRICS organization for all member states during the Russia-China Financial Dialogue forum in Beijing on Monday.
Siluanov met with his Chinese coun...
By Rhod Mackenzie
Turkey has made up to $2 billion in extra profits in 2023 by importing discounted oil and petroleum products from Russia. Despite Western sanctions, Ankara aims to increase its purchases of Russian energy resources.
Over the past year, Ankara has become the largest buyer of Rus...
By Rhod Mackenzie
Gazprom supplied nearly 19 billion cubic meters of gas to China via the Power of Siberia gas pipeline in the first 10 months of this year, which will exceed the planned annual amount of 22 billion cubic meters. Russian Deputy Prime Minister Alexander Novak announced this on Decem...
By Rhod Mackenzie
The European Union (EU) has assessed the losses incurred from the sanctions imposed against Russia. According to a report by RIA Novosti on December 18, European countries overpaid €185 billionjust for gas alone. The total loss in the Old World, where calls to reverse the sanctio...
By Rhod Mackenzie
The news that Russia is considering the possibility of storing part of its reserves in the currencies of the United Arab Emirates and Saudi Arabia made us think: why are we always looking for a safe haven abroad and not investing in our own projects?
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