SCO & BRICS latest news and insights
By Anna Koroleva
The Turkish president is going to discuss with the Russian president a return to the grain deal on new terms. The UN has indeed put forward proposals that look attractive, but the organization's ability to enforce them is questionable. Russia will outline its priorities at the mee...
By Viktoria Panova
On August 24, 2023, the BRICS summit in Johannesburg ended, its overall significance will be realized later - currently there are too many variables at stake - but nevertheless, it is already possible to put aside the first emotions and evaluate the obvious consequences of the...
The Russian Federation may extend the reduction in oil exports that began in the summer to October, but there is no final decision yet. In July-August, the country reduced supplies abroad by 500,000 barrels per day (b/d), and in September it promises to keep the decline at 3
00,000 b/d. The expecte...
By Elena Gorbacheva
After Argentina, Ethiopia, the United Arab Emirates, Saudi Arabia, Egypt and Iran officially join the BRICS next year, its combined GDP will be 37% of the world's. In addition, it will control almost 50% of world oil production and 40% of its exports. The control of energy reso...
By Sergey Manukov
The deliveries of Russian oil by sea on August 21-27 reached, according to Bloomberg, 3.4 million barrels per day. This is 880 thousand barrels per day. more than a week earlier. Russian oil exports in the penultimate week of summer reached the maximum for 8 weeks, i.е. almost tw...
By Yaroslav Lissovolik
The 2023 BRICS summit is over and it is clear that it is one of the most historic and transformational BRICS summits on record. While there has not been much progress on critical issues such as BRICS+ trade liberalization or the creation of a new reserve currency, a major ex...
