SCO & BRICS latest news and insights
By Dmitry Alekseev
The mutual trade turnover of the Eurasian Economic Union (EAEU) in national and friendly currencies in 2023 will amount to 90%, the Russian Foreign Ministry predicts. The department is confident that dollars, euros and yen are unreliable currencies, and the implementation of EAE...
By Alena Nefedova and Valentin Loginov
Russia is ready to supply up to 1 million tons of grain at reduced prices through Turkey to the World's poorest countries , however it is counting on Qatar's help to do this. Plus this will not be an alternative to the Black Sea agreement. Vladimir Putin sta...
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...
