SCO & BRICS latest news and insights
By Rhod Mackenzie
The project documentation for the Soyuz Vostok gas pipeline through Mongolia to China is expected to be approved in the first quarter of next year, paving the way for construction to commence.
The Deputy Prime Minister of the Russian Federation, Victoria Abramchenko, announced...
By Rhod Mackenzie
The member countries of the Shanghai Cooperation Organization (SCO) should contemplate the matter of establishing their own payment and settlement system while improving exchange trading in their respective national currencies.
According to the Russian Prime Minister Mikhail Mi...
By Rhod Mackenzie
In early October, Brazil significantly increased its imports of Russian diesel fuel, despite restrictions on its export being imposed by the Russian authorities. By the second half of October, Brazil had even become the largest destination for diesel fuel exports from the Russian...
By Rhod Mackenzie
For the second winter in a row, Europe's energy strategy is largely based on the hope of a warm winter and low economic demand for gas. Despite these and a number of other favourable factors, the price of electricity is fluctuating around 50 euros per MWh (525 euros per thousand...
By Rhod Mackenzie
The International Energy Agency (IEA) has released its recent long-term forecast, World Energy Outlook. According to the report Russia's gas industry faces a bleak future with its market share predicted to decrease by half on the global platform. It is crucial to determine the ev...
By Evgeny Tipailov , Ivan Angulo
In August 2023, the BRICS summit ended very successfully. Starting January 1, 2024, Argentina, Saudi Arabia, Ethiopia, the UAE, Egypt and Iran will officially join the association. Together with the founders of BRICS, these states comprise almost half of the world'...
