SCO & BRICS latest news and insights
By Rhod Mackenzie
The Deputy Foreign Minister of the Russian Federation, Andrei Rudenko, expressed confidence that all issues regarding settlements between Russia and China, including those related to the financial messaging system (SPFS), will be resolved.
Rudenko denied any indication that Chi...
By Rhod Mackenzie
Economists warn of a significant risk of recession in the Old World due to problems in energy supply chains.
The quarterly study 'Review of Economic Experts', conducted by economists from the German economic institute Ifo and the Institute of Swiss Economic Policy (IWP), suppor...
By Rhod Mackenzie
India believes that the world should appreciate its decision to purchase Russian oil instead of criticizing it. Previously, there were calls in the EU to ban India from supplying gasoline and diesel made from Russian oil.
India believes that it is contributing to stabilizing the...
By Rhod Mackenzie
The German authorities are discussing the nationalisation of Rosneft's oil refining assets. Rosneft's largest asset in the country, the Schwedt refinery, which relied on Russian supplies via the Druzhba oil pipeline, has experienced loading difficulties after Germany rejected oil...
By Rhod Mackenzie
According to Kommersant, NOVATEK will not be able to start shipping LNG from the Arctic LNG-2 project before March, waiting until the project fleet is replenished with at least one Arc7 ice-class LNG tanker. US sanctions are significantly slowing the project, with buyers so far r...
By Rhod Mackenzie
Two years after the introduction of Western sanctions against Russia, it can be concluded that they did not achieve their intended goals, as indicated in the study 'Why did the sanctions not work?' conducted by the Center for Financial Analytics of Sberbank. RBC reported this wit...
