SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia reduced oil production by 16% in the first quarter of 2024 compared to the same period last year, according to OPEC data. This reduction continued in April. Concurrently, the Ministry of Finance reports a 82% surge in oil and gas budget revenues in the first four months of...
By Rhod Mackenzie
The Russian President Vladimir Putin noted that approximately 90% of all payments between Russia and Beijing are currently conducted in rubles and yuan. He further stated that the joint decision to transfer bilateral payments into national currencies was a timely one, and that it...
By Rhod Mackenzie
A ban on transshipment of Russian LNG in European ports will result in a surge in imports of liquefied gas from Russia to the EU, according to industry analysts. Since cargoes to Asia are contracted by major European and Chinese companies, they will be exchanged for those destin...
By Rhod Mackenzie
President Biden has announced the imposition of additional and increased tariffs on Chinese goods in response to what he describes as Chinese trade "fraud". He has also stated that he believes China will not leave Washington’s actions without consequences and will respond adequat...
The International Monetary Fund (IMF) has for the first time outlined the deglobalisation trend in the world economy. The study, entitled 'Geopolitics and its impact on world trade and the dollar', identified three main blocs in the global economy: those focused on the United States, China and the n...
By Oleg Barabanov.
The question of the transition from a symbolic alternative to a real one in the activities of BRICS still remains relevant. This can be seen in both political and expert discussions among member countries, writes Valdai Club Programme Director Oleg Barabanov.
During last year...
