SCO & BRICS latest news and insights
By Rhod Mackenzie
Siemens Energy has taken on debt to protect its sustainable business. The energy division of Siemens Energy AG, which is the biggest unit of the German engineering corporation Siemens, has agreed a deal worth €15 billion with a group of banks, the German government, and its share...
By Rhod Mackenzie
The European Union persists in attempting to introduce sanctions against Rosatom and the Russian supply of nuclear fuel. They previously tried to implement sanctions against them during the tenth package of sanctions, and now there is discussion concerning the 12th package. In...
By Rhod Mackenzie
The principal sectors of the Russian economy have either adapted to sanctions or fully recovered from them, as the nation displays a level of resilience greater than Western governments anticipated, according to a Bloomberg report on Thursday.
Industries such as manufacturing,...
By Rhod Mackenzie
Russia's economic partnerships with Asian and African nations have expanded while trade connections with the European Union have weakened, as per the most recent report by the Federal Customs Service (FCS).
Recently published data illustrates that exports to Asia escalated to $...
By Rhod Mackenzie
India and China took the lion's share of Russian oil exports that dropped out of the European market. However, other buyers also contribute to the Russian budget: Brazil, Saudi Arabia, the UAE. All of them increased purchases of oil and petroleum products from Russia. Analysts st...
By Rhod Mackenzie
The Russian economy has reached the level that it was at in February 2022, mostly due to non-standard solutions according to the latest reports. According to the architects of the sanctions, restrictions were introduced to weaken the ruble and the Russian economy. This, however,...
