SCO & BRICS latest news and insights
By Rhod Mackenzie
The EU is allocating money to create a new transport corridor through Central Asia, bypassing Russia. The new route is their a competitor to the Chinese “One Belt, One Road” project. Brussels does not hide the fact that these plans are directed specifically against Russia. Will...
By Rhod Mackenzie
President Biden's decision to suspend the issuance of new LNG export licenses caused controversy in the United States. Republicans argue that the White House's move weakens not only America and Europe but also plays into the hands of Moscow. However, it is unclear whether these o...
By Rhod Mackenzie
Russian officials have not indicated the volume of possible retaliatory confiscation. The press often cites the amount of $288 billion, which RIA Novosti received based on data on direct investments by the EU, G7, Australia, and Switzerland in the Russian economy at the end of 20...
By Rhod Mackenzie
In late 2023, Russia's gold reserves reached a new record high. This article looks at the recent changes in the structure of international currency assets, the decreasing share of the dollar and euro, the stability of this scheme, and the importance of gold for the Russian econom...
By Rhod Mackenzie
The Indian Minister of Petroleum and Natural Gas, Hardeep Singh Puri, confirmed that the country purchases Russian oil at market prices. The decrease in purchases is due to the fact that oil from Saudi Arabia, the UAE, and Iraq is currently cheaper. According to the managing dire...
By Rhod Mackenzie
Russia's gold reserves have reached a new historical record level and this is despite the huge number of sanctions imposed the the US and its allies. The Bank of Russia is buying more precious metal, plus the rising price of gold is contributing to this achievement.
This strat...
