SCO & BRICS latest news and insights
The International Monetary Fund (IMF) has for the first time outlined the deglobalisation trend in the world economy. The study, entitled 'Geopolitics and its impact on world trade and the dollar', identified three main blocs in the global economy: those focused on the United States, China and the n...
By Oleg Barabanov.
The question of the transition from a symbolic alternative to a real one in the activities of BRICS still remains relevant. This can be seen in both political and expert discussions among member countries, writes Valdai Club Programme Director Oleg Barabanov.
During last year...
By Rhod Mackenzie
Because of high gas prices, European companies have sharply reduced or stopped fertiliser production. And while Gazprom's supplies to the region have fallen, exports of nitrogen fertiliser from Russia have risen sharply - up to a third of all imports to Europe. The Norwegian chem...
The United States banned the import of oil, coal and gas from Russia two years ago, it did however continue to purchase Russian nuclear fuel. Now the US has decided to target the Russian nuclear fuel sector with sanctions. However, the sanctions ban is designed in such a way that it will have no re...
By Rhod Mackenzie
The price of raw materials for nuclear reactors is rising again, fuelled by the latest US attempts to antagonise Russia. For a long time they did not dare to ban the import of Russian uranium, which is very important for them, with real risks for American nuclear power plants and...
In 2023 the Russian budget received nearly one trillion rubles more ( $10.5 billion )from the increase of non-resource and non-energy exports. This is an impressive 85% surge and it has given a strong financial boost to the country. What products fall under this export classification, what are the...
