SCO & BRICS latest news and insights
By Olga Samofalova
India is promising to drastically cut its purchases of Russian oil as the price of Middle Eastern oil has become more attractive. It would be a major blow for Russia to lose such a large buyer, and particularly given the current sanctions. However, analysts are confident that...
The Russian Federation may extend the reduction in oil exports that began in the summer to October, but there is no final decision yet. In July-August, the country reduced supplies abroad by 500,000 barrels per day (b/d), and in September it promises to keep the decline at 3
00,000 b/d. The expecte...
By Xie Wenting in Johannesburg and Chen Qingqing in Beijing
The BRICS countries welcomed six new members from three different continents on Thursday, marking a historic milestone that underscored the solidarity of BRICS and developing countries and determination to work together for a better futur...
By Rhod Mackenzie
The expansion of BRICS is taking place in the context of a change in the global world order, the collapse of the previous one and the process of the forming a new multipolar world, in which individual players in different regions, as well as influential organizations, one of whic...
By Evgeny Pozdnyakov
From January 1, 2024, six new states will join the BRICS. The organization significantly increases its influence, developing new regions and gaining a foothold in old ones. What can the association offer to new members, what potential do they have, and how beneficial is the BR...
By Evgeny Pozdnyakov
Russia, as the initiator of the creation of BRICS, welcomes the expansion of the organization. Now the block is able to reflect the interests of the Persian Gulf countries. In addition, the influence of unification in Latin America is growing. Political scientist Stanislav Tka...
