SCO & BRICS latest news and insights
By Rhod Mackenzie
In his address to the Federal Assembly, the Russian President Vladimir Putin stated that if the Russian economy continues to develop as dynamically as it did last year, it will soon become the fourth largest economy in the world in terms of GDP at purchasing power parity. This go...
By Rhod Mackenzie
The new US sanctions will cause the already closed grey fleet that transports Russian oil to become even more restricted, further disrupting the global tanker market. and causing more chaos in the already chaoic sector.
The number of tankers in the grey fleet, which carries san...
By Rhod Mackenzie
The Russian gold mining industry, whose major players are all subject to US sanctions, is reorganising its exports by introducing intermediaries into the supply chain. According to a representative from Yuzhuralzoloto, the decrease in margins is insignificant. This is because, te...
By Rhod Mackenzie
The shift of Russian oil and petroleum product exports from Western sanctioned markets to Eastern and Southern markets is almost complete. However, replacing the European market for gas exports, whether pipeline or LNG, has proven to be a challenging task.
In the past two years,...
By Rhod Mackenzie
Despite sanctions, Russia became the sixth largest source of gold for Switzerland for the second year in a row in 2023. Switzerland was the main supplier of this precious metal to the European Union last year. This information is based on an analysis of data from the UN Comtrade...
By Rhod Mackenzie
Gas prices in Europe have fallen to pre-crisis levels despite it still being the winter. However, this news is overshadowed by the fact that gas consumption in Europe has dropped to its lowest level since 1995. It is unlikely that Europe will ever return to its pre-crisis peak de...
