SCO & BRICS latest news and insights
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...
Russian LNG exports rose by 4.3% YoY to 8.7 million tons in January-March. However, March saw a 1% decline to 2.86 million tons. Russian suppliers were unable to increase supplies to the Asian market, where a significant increase in imports was observed in March due to lower world gas prices. Analys...
On Tuesday, Sergei Lavrov, the Russian Foreign Minister, concluded his two-day visit to Beijing. The purpose of his trip was to prepare for the upcoming visit of the Russian President Vladimir Putin to China, which was confirmed by the Kremlin on the same day. During the negotiations, much attention...
