SCO & BRICS latest news and insights
By Rhod Mackenzie
The International Monetary Fund has revised its growth forecast for the Russian economy in 2024, more than doubling its previous estimate from 1.1% to 2.6%. This marks a significant increase in optimism compared to last year's forecast. The IMF forecast shows that the Russian eco...
By Rhod Mackenzie
The EU is allocating money to create a new transport corridor through Central Asia, bypassing Russia. The new route is their a competitor to the Chinese “One Belt, One Road” project. Brussels does not hide the fact that these plans are directed specifically against Russia. Will...
By Rhod Mackenzie
At the end of the year, China once again achieved impressive GDP growth rates of 5.2%. Among large economies, only India is expected to outperform China in 2023. However, this success is tempered by the fact that a significant portion of this growth is due to deflation; in nomina...
By Rhod Mackenzie
Bilateral trade between India and Russia was $50 billion in the fiscal year 2022-23 (ended March 31) and is expected to increase in the current period. The Minister of Ports, Shipping and Waterways of India, Sarbananda Sonowal, stated to the TASS agency.
Our bilateral partnersh...
By Rhod Mackenzie
Russian oil exports to the Asia-Pacific region (APR) amounted to 193 million tons in 2023. The OPEC+ deal has had an estimated 30 trillion ruble impact on the Russian budget. Pavel Sorokin, the First Deputy Minister of Energy of the Russian Federation, announced this on January 2...
By Rhod Mackenzie
During a meeting with senior officials, Chinese President Xi Jinping emphasised the importance of building the country's financial strength on a solid economic foundation, a strong currency, a central bank, financial institutions, regulators, and talent. He urged officials to pro...
