SCO & BRICS latest news and insights
By Rhod Mackenzie
During the six-year trade war, trade between the world's two largest economies has undergone significant changes. For 16 years, China was the largest exporter to the United States, but last year, Mexico took over that title. This raises questions about how world trade has changed...
By Rhod Mackenzie
It is undeniable that the financial situation in the United States is concerning. The primary indicator of this is the staggering national debt, which has surpassed $34 trillion for the first time in the country's history this year. As noted by prominent American economists: Acco...
By Rhod Mackenzie
India has started buying Russian Sokol again oil after a two-month break according to a Reuters report.
At least two Indian oil refineries received supplies of light sweet crude from Russia in February, agency sources said. Among the companies that have acquired Sokol is India...
In 2023, Russia supplied hydrocarbons to the European Union that were not subject to sanctions.The countries of the EU purchased Russian oil, petroleum products, and gas worth over €29 billion.
In 2023, the trade turnover between EU countries and Russia decreased by 2.9 times in value compared to...
By Rhod Mackenzie
In 2023, India imported 22.141 million tons of liquefied natural gas, an increase of 8% from 2022 (20.468 million tons), according to the state Ministry of Trade and Industry.
However, this is still below the 2021 level (24.373 million tons) and the 2020 record (26.6 million to...
According to a Russian Chamber of Commerce and Industry report new car brands, including those from Iran and India, may soon enter the Russian market. African producers have also expressed interest, but China remains the dominant player. This article questions whether these new brands can compete wi...
