SCO & BRICS latest news and insights
The US Treasury Secretary Janet Yellen concluded her visit to China by issuing a warning: if you persist in doing business with Russia, we will create difficulties for Chinese banks. Beijing responded with restraint, but made it did make clear that they also have a response. Observers are confident...
On Friday, the US and UK imposed new restrictions on the of trading Russian aluminium, copper, and nickel in an attempt to curb President Vladimir Putin's ability to fund his military operations according to their staement .
Bloomberg reports that new supplies of copper, nickel, and aluminum pro...
According to the Russian Grain Union, the area dedicated to durum wheat cultivation is expected to nearly double this year. The Ministry of Agriculture reported that one million hectares will be sown with this high-quality and expensive wheat in the upcoming season.
It appears that the relevant dep...
By Rhod Mackenzie
In March, Russian liquefied natural gas (LNG) supplies to Europe reached a historical record of 2.15 billion cubic meters, according to Bruegel and reported by the InfoTEK portal.
This is the second highest volume of supply after the United States, which supplied 5.151 billion...
By Rhod Mackenzie
As interested observers and market participants may recall, the Group of Seven (G7) countries, along with the European Union, Australia, and New Zealand, agreed to cap the price of a barrel of Russian oil transported by Western tankers and insured by Western insurers at $60 from...
In February 2024, the ruble became the leading currency in foreign trade settlements of the Russian Federation, with a share of 41.6% in payments for exports and 38.1% for imports. This article explores the advantages of paying in rubles for Russia and its trading partners, as well as the industries...
