SCO & BRICS latest news and insights
By Rhod Mackenzie
According to the Deputy Head of the Gazprom Alexander Ishkov, global gas consumption is expected to increase by 26% by 2050. However, during this time, the share of oil is predicted to decrease by 24% compared to 2023, and coal by 13%.
Considering Russia's vast gas reserves, t...
By Rhod Mackenzie
In late 2023, Russia's gold reserves reached a new record high. This article looks at the recent changes in the structure of international currency assets, the decreasing share of the dollar and euro, the stability of this scheme, and the importance of gold for the Russian econom...
By Rhod Mackenzie
Several high-ranking European politicians and military officials have recently made statements predicting a potential conflict between NATO and Russia. Additionally, Bild published what they claimed were 'secret plans' of the North Atlantic Alliance outlining a scenario for repel...
By Rhod Mackenzie
During a meeting with senior officials, Chinese President Xi Jinping emphasised the importance of building the country's financial strength on a solid economic foundation, a strong currency, a central bank, financial institutions, regulators, and talent. He urged officials to pro...
By Rhod Mackenzie
Efforts to integrate Saudi Arabia into BRICS are ongoing. Russian President Vladimir Putin discussed this during his visit to Riyadh, according to Dmitry Peskov, the head of state's press secretary.
On December 6, 2023, Putin visited Riyadh and Abu Dhabi, where he met with Sheik...
By Rhod Mackenzie
The Indian Minister of Petroleum and Natural Gas, Hardeep Singh Puri, confirmed that the country purchases Russian oil at market prices. The decrease in purchases is due to the fact that oil from Saudi Arabia, the UAE, and Iraq is currently cheaper. According to the managing dire...
