SCO & BRICS latest news and insights
By Rhod Mackenzie
After the Western sanctions, India has strengthened its role as a major buyer of Russian oil. The current volume of transactions is back to its peak. However, exporters have managed to capture another critical segment - fertilisers. Delhi started to increase its purchases from Mo...
By Rhod Mackenzie
The European Union is continuing to implement sanctions against Russia in an attempt to restrict its international financial transactions. The latest package of sanctions includes a prohibition on EU banks using the Russian analogue of SWIFT, the Financial Message Transmission Sy...
By Ivan Shchedrov
Since 2010, the India-Russia special and privileged strategic partnership has developed on a solid foundation of strong history and was maintained by the means of political imperatives. Russia supported India’s membership in the Shanghai Cooperation Organisation (SCO) and called...
By Rhod Mackenzie
The Russian government has approved the third stage of modernisation of the Baikal-Amur and Trans-Siberian Railways (BAM and Trans-Siberian Railway) until 2035. The total cost of work will be 3.7 trillion rubles. Russian Prime Minister Mikhail Mishustin announced this on 2 May.
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China has expanded its arsenal of defensive trade tools with the introduction of a new law. Beijing has made it clear to its main trading partners, including the United States and a number of European countries led by Germany, that if they introduce tariffs and duties on the export products of the s...
By Rhod Mackenzie
The scheme proposed in India for using the rupees of Russian suppliers for export to third countries can be implemented under two conditions: the discount on the return of proceeds must be less than the existing one, and India will have to form a sufficient pool of orders for its...
