SCO & BRICS latest news and insights
By Rhod Mackenzie
The emphasis on the use of the yuan in bilateral settlements with China is inevitable, but the share of the ruble in them is also growing, the Russian Economic Development Minister Maxim Reshetnikov told reporters in Beijing.
According to him, in bilateral agreements with China...
By Rhod Mackenzie
Russia is ranked 17th in the list of the world's largest food exporters. It also made the biggest jump in the top 20 over the past decade, with exports increasing by 2.5 times. But Russia wants to sell even more food products abroad. It's not even about feeding friendly countries...
By Rhod Mackenzie
Beijing and Moscow will continue to strengthen their strategic coordination despite Washington's negative rhetoric. This was announced in a Global Times (GT) in an editorial published on Monday 18 September.
The newspaper was commenting on the Russian-Chinese consultations on s...
By Rhod Mackenzie
Oil futures have risen sharply recently (early on 19th September they were close to $95 a barrel in London trading), but their growth is nothing compared to that of diesel futures, which in the United States, for example, hit a new record of over $140 a barrel in mid-September. I...
By Rhod Mackenzie
The price of Russian ESPO oil, which is mainly exported to China, has exceeded the price of the Brent benchmark. However, this situation is not an anomaly as ESPO light oil should be more expensive than the global benchmark Brent. This situation shows that the price of Russian oi...
By Evgeny Pozdnyakov
The United States will insist that the UN Security Council only include states that share its pro-Western views. Russia, on the other hand, wants to see representatives of the world's majority in the organisation. The reaching of a consensus will not be easy. The political sci...
