SCO & BRICS latest news and insights
By Rhod Mackenzie
The BRICS countries are developing a strategy to deal with the risks to the global economy posed by the high debt and budget deficits of Western countries, Russian Finance Minister Anton Siluanov said in an interview with RIA Novosti.
The minister recalled his experience of part...
By Rhod Mackenzie and Bogdan Kolbasuk
Vladimir Putin has signed off on an order authorising the transactions of the shares of the Polymetal company, to which the Russian assets of Polymetal International were previously allocated, as well as the Taseevskoye gold deposit in Transbaikalia, previousl...
By Yaroslav Lissovolik
Against the backdrop of a sizeable expansion in BRICS membership, debates have intensified over the expediency of the bloc’s institutionalization to cope with the rising complexity in its operations. In particular, calls have been voiced on the desirability of a permanent se...
By Rhod Mackenzie
In February 2022, Western countries began to introduce an unprecedented package of sanctions against Russia. Over the past two years, it is already possible to summarise some results and assess how and what the restrictions have affected.
GDP grew unexpectedly strongly at the e...
By Rhod Mackenzie
Chinese oil refiners have replaced their Indian counterparts, who reduced purchases of Russian Sokol oil due to fear of American sanctions. In February, Chinese oil refiners, mostly private owners, purchased an average of 168 thousand barrels of Sokol daily, three times more than...
By Rhod Mackenzie
According to Vladimir Nezhdanov, an analyst at the Institute of Current International Problems (IAMP) of the Diplomatic Academy of the Russian Foreign Ministry, trade turnover between Russia and China could reach a record level of over $250 billion by the end of 2024.
The leade...
