SCO & BRICS latest news and insights
By Rhod Mackenzie
The Western Presspress, citing their special resources, have reported that in 2024 the Russia the volume of the wheat harvest is expected to fall by three and a half million tons, to 89.6 million in total. They report with obvious concern that by the end of April, world stocks o...
For the first time, the ruble accounted for more than 40% of both exports and imports of Russia. Furthermore, prior to the Ukrainian crisis in 2022, the share of the ruble in exports was approximately half that of imports. However, it proved more challenging for importers to switch to the national c...
The Russian president expressed confidence in the significant potential for Russian-Chinese economic collaboration, which he discussed in Beijing alongside a broader agenda. He outlined plans for enhanced interaction in key sectors, including industry and high technology, space and peaceful atom, ar...
By Rhod Mackenzie
Russia reduced oil production by 16% in the first quarter of 2024 compared to the same period last year, according to OPEC data. This reduction continued in April. Concurrently, the Ministry of Finance reports a 82% surge in oil and gas budget revenues in the first four months of...
By Rhod Mackenzie
The Russian President Vladimir Putin noted that approximately 90% of all payments between Russia and Beijing are currently conducted in rubles and yuan. He further stated that the joint decision to transfer bilateral payments into national currencies was a timely one, and that it...
For many years, semiconductors have been the main component driving the growth of entire industries. As the technological race intensifies between the United States and China, Russian developers are improving their own production capabilities. Under sanctions, the country needs chips, and entirely d...
