SCO & BRICS latest news and insights
The recently approved bill by the Turkish Parliament will allow Turkey to export liquefied natural gas (LNG) to European countries. This was stated by Yashar Arslan, the head of the Turkish Gas Distributors Association (GAZBİR).
On 2 May, the Turkish Parliament voted in favour of a bill regulating...
By Rhod Mackenzie
There is no longer any uncertainty regarding the future of the Ukrainian gas transportation system (GTS) after 2024, when the current five-year transit contract expires. It is unlikely that the contract will be renewed. However, this does not mean that transit will cease entirely...
By Rhod Mackenzie
European natural gas futures fell to €31.5/MWh on Friday 19 April 2024, after rising to €33.8. Investors are closely monitoring the situation in the Middle East. Iran does not seem to attach much importance to Israeli retaliatory attacks and the risks of an immediate response hav...
By Rhod Mackenzie
Russia's main trading partners no longer include any Western countries. Germany, which had a trade turnover of $12 billion, is no longer in the top 5. Instead, China, India, and Turkey have become the leaders. RIA Novosti's analysis of data from national statistical services show...
By Rhod Mackenzie
Russian importers can no longer use Chouzhou Commercial, a Chinese bank that was previously their main settlement center. Transactions have been halted through both SWIFT and the Russian SPFS with the Chinese CIPS. According to the Deputy Chairman of the Board of SME Bank Alexey...
By Rhod Mackenzie
According to a study by financial intelligence company Sayari, it is possible that certain Russian banks may have found a way to bypass the ban on importing cash dollars and euros into Russia by exchanging gold for them in the United Arab Emirates and Turkey. Bloomberg reported o...
