SCO & BRICS latest news and insights
By Ulrike Reisner
The EU countries are not able to compensate for the economic losses caused by the sanctions against the Russian Federation. The process of deindustrialisation in Europe continues. This is resulting in a permanent loss of wealth for Western societies.
At the end of August, the S...
Seyed Ali Rouhani, Iran's Deputy Minister of the Economy , stated in an interview with RIA Novosti that Iran can play a role in nsuring the energy security of BRICS member nations while also linking Russia with India and China with Africa.
"Our trade volume with BRICS countries in 2009 was approxi...
The UN has acknowledged that Russia's economy has experienced growth, which is an accomplishment that few G20 countries have attained. Despite the sanctions, Russia's overall exports have remained relatively unchanged, oil and gas revenues are now experiencing monthly growth. However, it is still p...
By Rhod Mackenzie
Since the beginning of 2023, the price of Russian oil in rubles has increased by 1.5 times and has exceeded 8 thousand rubles per barrel. This is brought about not only by the high price of oil itself and the low exchange rate of the ruble, but also by the fact that Russian oil e...
By Uriel Araujo
Jonathan Yerushalmy, the Guardian's Australia's UK/US site editor recently wrote on how the trade in oil from nations currently under Western sanctions, such as Russia and Iran has boomed - China plays a huge role in that and the US-led political West is “turning a blind eye” to it...
By Rhod Mackenzie
Russia's economic indicators currently leave no doubt: the restructuring of the Russian economy is now over. Russia is easily circumventing the sanctions and has begun to earn good money again from its oil exports. Not only Russian economists, but also Western analysts and the m...
