SCO & BRICS latest news and insights
Seyed Ali Rouhani, Iran's Deputy Minister of the Economy , stated in an interview with RIA Novosti that Iran can play a role in nsuring the energy security of BRICS member nations while also linking Russia with India and China with Africa.
"Our trade volume with BRICS countries in 2009 was approxi...
By Rhod Mackenzie
"The European press acknowledges the scarcity of Russian diesel fuel as one of the primary destabilising factors in the European economy. It's not just diesel that Europe lacks, but also liquefied natural gas, which is another crucial Russian resource that European rates of consu...
By Rhod Mackenzie
China issued a white paper on Tuesday which focused on the Belt and Road Initiative (BRI). Highlighting the role the iconic "project of the century" has played in global development over the last decade, the paper also discussed its achievements in working towards its main goal o...
By Rhod Mackenzie
For the first time, Brussels announced with pride that it was ahead of schedule for the filling of the underground gas storage facilities (UGS) for the upcoming winter in August. By the end of summer, the UGS had reached 90% of their total capacity, which was the mandated require...
By Rhod Mackenzie
Russia's United Oil- and Gas-Chemical Co. (ONGK) and China's Xuan Yuan Industrial Development have agreed to jointly invest 5 billion yuan (£557 million) to construct a transshipment oil complex in the far east of Russia, according to the Roscongress fund.
The complex will enab...
By Rhod Mackenzie
Of all the currencies in the G20 countries, the ruble is considered the most undervalued. Analysts from Finam have calculated that the real exchange rate is only 33 rubles per dollar, which is three times lower than the official rate. The analysts explore whether the ruble truly...
