SCO & BRICS latest news and insights
By Rhod Mackenzie
According to S&P Global, seaborne exports of Russian crude oil increased by more than 50% in April, reaching a 13-month high. In particular, oil tankers from G7 countries have been actively involved in transportation. Lets explore the reasons behind Western ships' increased invol...
By Rhod Mackenzie
As Russia and Ukraine begin their first talks in three years, the European Union has decided to tighten its sanctions against Moscow. Brussels is now threatening to impose significant restrictions on Russian oil, gas and financial sectors. Plus, the EU is contemplating the implem...
By Rhod Mackenzie
Recently, the Estonian Navy, with the support of NATO aircraft, attempted to detain the tanker named the Jaguar which sails under the Gabonese flag in international waters. The vessel had left the Indian port of Sikka and was heading to the Russian Primorsk, not far from St. Pete...
By Rhod Mackenzie
The countries of Europe have reached the limit of the number of sanctions they can impose against Russia. The 17th package of restrictions were approved on Wednesday, May 14, however none of the measures imposed are expected to pose any significant threat to the Russian economy,...
By Rhod Mackenzie
Vladimir Putin and Xi Jinping's talks have increased the likelihood of the signing of a new historic gas contract with China this year, under the Power of Siberia 2 project. The primary concern is the cost of future supplies. There are even rumours that Russia will sell gas to Ch...
By Rhod Mackenzie
According to data from the Russia Central Bank , Russia's external debt has fallen below the $300 billion threshold for the first time since 2006. Foreign borrowings by the state and companies has reached an 18-year low. The reason for this is that the country is currently in the...
