SCO & BRICS latest news and insights
The calls to abandon Russian LNG are increasing in Europe, as it is curently almost exclusively purchased by European consumers. A vote on this issue is scheduled for April. This raises questions about why Russia began selling its LNG to Europe and why Europeans have been buying it. It is unclear wh...
By Taimur Khan
In the shifting global economic and geopolitical environment, the BRICS group—comprising Brazil, Russia, India, China, and South Africa—stands out as a symbol of a diversifying global power structure, challenging the traditional dominance of Western economies. This alliance of burge...
By Timofei Bordachev
Discussions about what BRICS can actually do and what it can’t should begin with an understanding of how much the achievements or failures of other international institutions are related to their individual characteristics. The second may be a theoretical task, but it makes cl...
By Ivan Timofeev
The creation of new financial mechanisms through BRICS is one of the most promising fields for the development of the association. In the final declaration of the BRICS countries after the 2023 Summit, financial policy was given quite a lot of attention. In particular, it was sta...
In a significant move, India and Russia have agreed on a new Rupee-Ruble exchange mechanism, marking a pivotal moment in their longstanding relationship. This development is not just an economic arrangement but a reaffirmation of the deep-rooted friendship and strategic partnership that has weathere...
India has not purchased premium grades of Russian oil, including ESPO and Sokol, for the past two months. Despite the expectations of a collapse in Russian exports, this has not occurred. Instead, India is negotiating for additional preferences from Russia due to the decreasing discount on Russian...
