SCO & BRICS latest news and insights
By Nivedita Das Kundu
Introduction
The International North-South Transport Corridor (INSTC) is the term which is used to describe the ship, rail, and road route for moving freight from South Asia to Europe through Central Asia, the Caucasus and Russia. The route primarily involves moving goods f...
By Rhod Mackenzie
The Russian Foreign Minister Sergei Lavrov stated that, like many Eurasian states, Russia is interested in transport corridors and the creation of logistics transport chains that are not subject to Western policies.
According to the head of the Russian Foreign Ministry, like mo...
By Rhod Mackenzie
Russia's net revenues from oil sales in October amounted to $11.3 billion, or 31% of the country's total budget revenues for the month. This was the highest figure since May 2022 and exceeds the figure for any month before the start of the Russian special military operation in Uk...
By Rhod Mackenzie
Russia has almost entirely evaded the price ceiling imposed on its oil by the countries of the G7 last December, which was set at $60 per barrel, states the Financial Times (FT). The publication cites a senior European official, who reveals that in October, nearly all of Russia'...
By Rhod Mackenzie
The US President Joseph Biden announced with New Delhi the creation of a major India-Middle East-Europe economic corridor for the supply of energy resources and products. This project could become a rival to a similar Chinese initiative - the Silk Road. Washington also wants to d...
