SCO & BRICS latest news and insights
By Rhod Mackenzie
As interested observers and market participants may recall, the Group of Seven (G7) countries, along with the European Union, Australia, and New Zealand, agreed to cap the price of a barrel of Russian oil transported by Western tankers and insured by Western insurers at $60 from...
By Rhod Mackenzie
Vietnam is considering joining BRICS and determining its level of participation in the association, according to the country's embassy in the Russian Federation. However, the embassy did not confirm whether Vietnam has submitted an application for membership. Previously, the Sout...
During a meeting in Beijing, Chinese President Xi Jinping and Russian Foreign Minister Sergei Lavrov condemned the 'bloc confrontation' led by the West. The South China Morning Post reported that President Xi expressed China's desire to enhance strategic coordination with Russia within a multilatera...
In February 2024, the ruble became the leading currency in foreign trade settlements of the Russian Federation, with a share of 41.6% in payments for exports and 38.1% for imports. This article explores the advantages of paying in rubles for Russia and its trading partners, as well as the industries...
Russian LNG exports rose by 4.3% YoY to 8.7 million tons in January-March. However, March saw a 1% decline to 2.86 million tons. Russian suppliers were unable to increase supplies to the Asian market, where a significant increase in imports was observed in March due to lower world gas prices. Analys...
On Tuesday, Sergei Lavrov, the Russian Foreign Minister, concluded his two-day visit to Beijing. The purpose of his trip was to prepare for the upcoming visit of the Russian President Vladimir Putin to China, which was confirmed by the Kremlin on the same day. During the negotiations, much attention...
