SCO & BRICS latest news and insights
By Rhod Mackenzie
The United States and the European Union have agreed to establish a collective tariff zone that will levy tariffs and duties on steel and aluminium imports from "non-market" economies.(by which they mean primarily China. )
On October 3, Politico reported that the parties entere...
By Rhod Mackenzie
Trade turnover between Russia and China rose by 29.5% to nearly £176.4 billion in the first three quarters of 2023, as per the data released last week by the General Administration of Customs of the People's Republic of China.
During the reporting period, China imported goods...
By Rhod Mackenzie
The head of the US Treasury, Janet Yellen, is regarded as one of the originators of the price ceiling on Russian oil imposed by the G7 and the European Union at $60 per barrel. She holds a positive view of her creation and has iterated its perceived efficacy, despite evidence tha...
Seyed Ali Rouhani, Iran's Deputy Minister of the Economy , stated in an interview with RIA Novosti that Iran can play a role in nsuring the energy security of BRICS member nations while also linking Russia with India and China with Africa.
"Our trade volume with BRICS countries in 2009 was approxi...
By Rhod Mackenzie
The Chinese Export-Import Bank of China (EXIM) has recently struck a preliminary deal with the Sri Lankan government regarding the debts of this South Asian island. The reports that negotiations were taking place were kept under wraps but have now come to light via a message fro...
By Rhod Mackenzie
"The European press acknowledges the scarcity of Russian diesel fuel as one of the primary destabilising factors in the European economy. It's not just diesel that Europe lacks, but also liquefied natural gas, which is another crucial Russian resource that European rates of consu...
