SCO & BRICS latest news and insights
By Rhod Mackenzie
During the six-year trade war, trade between the world's two largest economies has undergone significant changes. For 16 years, China was the largest exporter to the United States, but last year, Mexico took over that title. This raises questions about how world trade has changed...
By Rhod Mackenzie
Through the acquisition of Polymetal's Russian assets, Mangazeya, owned by Sergei Yanchukov, has become one of the largest gold mining companies in the Russian Federation. The transaction is valued at $3.7 billion,however, only $300 million is to be paid in cash. Polymetal will a...
By Rhod Mackenzie
As of mid-February, gas reserves in European underground storage facilities (UGS) are at a record level, but remain below 66%. Since the start of the heating season, over 41 billion cubic meters of gas have been withdrawn from EU underground storage facilities.
On February 14t...
By Rhod Mackenzie
India has started buying Russian Sokol again oil after a two-month break according to a Reuters report.
At least two Indian oil refineries received supplies of light sweet crude from Russia in February, agency sources said. Among the companies that have acquired Sokol is India...
In 2023, Russia supplied hydrocarbons to the European Union that were not subject to sanctions.The countries of the EU purchased Russian oil, petroleum products, and gas worth over €29 billion.
In 2023, the trade turnover between EU countries and Russia decreased by 2.9 times in value compared to...
According to a Russian Chamber of Commerce and Industry report new car brands, including those from Iran and India, may soon enter the Russian market. African producers have also expressed interest, but China remains the dominant player. This article questions whether these new brands can compete wi...
