SCO & BRICS latest news and insights
By Rhod Mackenzie
The export of goods from China to the United States decreased by 16.4%, and its imports from there decreased by 6% according to data published by the General Customs Administration of the People's Republic of China based on the results of the first three quarters of 2023. What i...
By Rhod Mackenzie
Trade turnover between Russia and China rose by 29.5% to nearly £176.4 billion in the first three quarters of 2023, as per the data released last week by the General Administration of Customs of the People's Republic of China.
During the reporting period, China imported goods...
By Ulrike Reisner
The EU countries are not able to compensate for the economic losses caused by the sanctions against the Russian Federation. The process of deindustrialisation in Europe continues. This is resulting in a permanent loss of wealth for Western societies.
At the end of August, the S...
By Rhod Mackenzie
Russian oil producers delivered their initial shipments of the CPC Blend crude to the United Arab Emirates (UAE) during August and September, according to several traders. This development exposes a new export pathway, as Moscow seeks out fresh clients and attempts to bypass West...
By Rhod Mackenzie
Russia is concerned about the reports of damage to the gas pipeline between Finland and Estonia, especially given the terrorist attacks previously against the Nord Stream pipelines. The Finnish authorities have not ruled out the possibility of sabotage, while some in the West spe...
By Rhod Mackenzie
The head of the US Treasury, Janet Yellen, is regarded as one of the originators of the price ceiling on Russian oil imposed by the G7 and the European Union at $60 per barrel. She holds a positive view of her creation and has iterated its perceived efficacy, despite evidence tha...
