SCO & BRICS latest news and insights
By Rhod Mackenzie
The General Administration of Customs of the People's Republic of China has lifted restrictions on the export of pork from Russia introduced in 2008, the press service of Rosselkhoznadzor reported.
"The General Administration of Customs of the People's Republic of China has appr...
By Rhod Mackenzie
Russia and China began actively using the yuan in their trade in 2022. This is now undermining the US dollar's position as the world's reserve currency. This is the conclusion of a study by economists at the European Bank for Reconstruction and Development. Historically, it takes...
By Rhod Mackenzie
According to the Russian Federal State Statistics Service (Rosstat), the production of passenger cars in Russia in August 2023 doubled compared to August 2022. The figure was 49.6 thousand units. At the same time, in comparison with July 2023, car production increased by 20.7%. A...
By Rhod Mackenzie
Just a week ago, it was reported that oil inventories at the main US oil storage facility in Cushing, Oklahoma, had fallen to the level of 22.9 million barrels, very close to the critical operating minimum of 22 million barrels.It is now said that critical minimum level has been...
By Rhod Mackenzie
On the morning of Thursday 28 September 2023, the price of oil continued its rise that began the day before. It was triggered by growing concerns among market participants about fuel shortages that could lead to supply constraints ahead of winter.
In addition, markets continue...
By Rhod Mackenzie
After the BRICS summit in South Africa, where little to no progress was made in discussions on the issue of the creation of a single currency for the block, the Western media were unanimous in declaring the idea a failure and the utter futility the attempts at de-dollarisation, i...
