SCO & BRICS latest news and insights
By Rhod Mackenzie
There is no longer any uncertainty regarding the future of the Ukrainian gas transportation system (GTS) after 2024, when the current five-year transit contract expires. It is unlikely that the contract will be renewed. However, this does not mean that transit will cease entirely...
The growth of industrial production in Russia in March 2024 amounted to 4.0% year-on-year after an increase of 8.5% in February and 4.6% in January, the Federal State Statistics Service (Rosstat) reported.
In the first quarter of 2024, industrial production in the Russian Federation increased by 5...
By Rhod Mackenzie
The scheme proposed in India for using the rupees of Russian suppliers for export to third countries can be implemented under two conditions: the discount on the return of proceeds must be less than the existing one, and India will have to form a sufficient pool of orders for its...
By Rhod Mackenzie
The past year is unlikely to be a good one for Russia's energy sector. Under the influence of sanctions and other negative circumstances, the Russian Federation's oil and gas revenues fell by almost a quarter (23.9%) in 2023 compared to the previous year, according to Reuters.
Ac...
Washington will continue to impose sanctions against the Russian energy sector and related infrastructure, according to a statement released by US Deputy Energy Secretary Geoffrey Pyatt on Tuesday.
“We will continue to tighten the screws and continue to impose sanctions on a wide range of companies...
By Rhod Mackenzie
The US decision to seize frozen Russian assets will be advisory in nature, with the president able to reject it. This is due to the fact that the American financial elite does not want to jeopardise the power of the “No. 1 economy” over a few million dollars.
The bill was approv...
