SCO & BRICS latest news and insights
By Rhod Mackenzie
On Friday, Chinese Foreign Minister Wang Yi met with visiting US Secretary of State Antony Blinken in Beijing. During the meeting, Wang highlighted that while there has been an increase in positive interactions in the bilateral relations, there are also negative factors that are...
Washington will continue to impose sanctions against the Russian energy sector and related infrastructure, according to a statement released by US Deputy Energy Secretary Geoffrey Pyatt on Tuesday.
“We will continue to tighten the screws and continue to impose sanctions on a wide range of companies...
By Rhod Mackenzie
The US decision to seize frozen Russian assets will be advisory in nature, with the president able to reject it. This is due to the fact that the American financial elite does not want to jeopardise the power of the “No. 1 economy” over a few million dollars.
The bill was approv...
By Rhod Mackenzie
Norilsk Nickel plans to transfer the smelting capacity of the Copper Plant, the modernisation of which has become more challenging due to issues with Western equipment, to China through the establishment of a joint venture with a Chinese company, as stated by Norilsk Nickel Presi...
The European Union has increased imports of Russian fertilisers to a maximum level since December 2022. In February, the volume of deliveries amounted to 167 million euros in monetary terms. This exceeded the previous month's figure by 16 percent in physical terms and 21 percent in monetary terms. W...
By Rhod Mackenzie
The major and influential international organisations, which have previously predicted the collapse of the Russian economy due to sanctions, have once again revised their forecasts. The World Bank now expects 2.2 percent growth by the end of the year, while the International Mone...
