SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia's net revenues from oil sales in October amounted to $11.3 billion, or 31% of the country's total budget revenues for the month. This was the highest figure since May 2022 and exceeds the figure for any month before the start of the Russian special military operation in Uk...
By Rhod Mackenzie
Bulgaria intends to no longer use Russian oil, rendering the efforts of the Russian oil company Lukoil, who own and operate a local refinery, futile. In response, Lukoil is prepared to sell their assets in Bulgaria prior to the authorities seizing the plant by force. How intentio...
By Rhod Mackenzie
EU officials maintain that they shun Russian energy resources at any cost. Still, those who have renounced official procurement are surreptitiously reverting to their usual practices. These countries consist mainly of the Czech Republic and Poland. The former declined the "contam...
By Rhod Mackenzie
The Russian Central Bank Governor Elvira Nabiullina showed Western economists an example of high-quality work under stressful conditions. In fact, she shattered all their illusory ideas about the financial system of the world, created over the course of the last 30 years.The econ...
By Rhod Mackenzie
The EU has reached its limit in the energy sector when it comes to implementing measures against the Russian Federation that do not harm European competitiveness, reported Politico newspaper. They cited an unnamed European diplomat for the comment.
"We have come to the limit of...
By Rhod Mackenzie
Russian gold miners have set a new record by selling five times more gold to Hong Kong than before. However, China's official data on the purchase of Russian gold is markedly lower. Analysts suspect that Beijing is attempting to conceal its large purchases of gold from the West,...
