SCO & BRICS latest news and insights
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...
The Ministry of Finance has reported a significant increase in budget revenues during the first quarter of this year. Both non-oil and gas revenues, as well as revenues from the sale of oil and gas, are growing. Additionally, the latter has shown phenomenal growth. What is contributing to the Russia...
By Rhod Mackenzie
The Chinese Premier Li Qiang stated on Sunday that Beijing expects Washington to maintain fair competition and open cooperation, and avoid politicizing trade and economic issues.
Li Qiang met with US Treasury Secretary Janet Yellen at the Great Hall of the People in Beijing on S...
