SCO & BRICS latest news and insights
According to TASS, the revenue of Russia's non-resource sector large and medium-sized enterprises increased by 16.4% to 184.9 trillion rubles in 2023. Meanwhile, the revenue of oil and gas companies decreased by 3.3% to 65.8 trillion rubles, this was reported by the services analytics audit and cons...
In July 2024, Western Siberia is set to launch a new oil pumping station (OPS) at the Achinsk linear production and dispatch station (LPDS) in the Krasnoyarsk Territory. The aim is to increase oil shipments towards the east. The expansion of the station's capacity will require an investment of over...
By Rhod Mackenzie
In February, Russian LNG exports increased by 2.8% compared to the same period last year, reaching 2.79 million tons, according to Kpler data. Despite ongoing discussions in Europe about limiting purchases of liquefied gas from Russia, supplies to EU countries remain stable. The...
According to data from the Central Bank, the share of ruble settlements with Africa increased from 21.9% in 2022 to 48.1%
in 2024.
Additionally, there was a significant increase in the volume of ruble settlements with American countries, rising from 22.7% to 35.1%.
The share of the Russian curren...
By Rhod Mackenzie
According to the Financial Times, logistics companies and rail operators have reported a surge in demand for transporting goods from Asia to Europe by rail via Russia since the start of the Red Sea crisis.
DHL, a major shipping company, claims that requests to transport goods on...
By Rhod Mackenzie
Last year, Russia earned nearly $187 billion from supplying oil, gas, and coal to several friendly countries. This amount is $56 billion more than the average level of supplies to European countries before they imposed anti-Russian sanctions. RIA Novosti calculations were used to...
