SCO & BRICS latest news and insights
By Rhod Mackenzie
Germany's position as an industrial superpower may be at risk due to competition from the United States, declining interest in German goods in China, and an energy crisis caused by the lack of inexpensive Russian gas supplies. Bloomberg published this forecast on February 10th.
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By Rhod Mackenzie
According to Kommersant, NOVATEK will not be able to start shipping LNG from the Arctic LNG-2 project before March, waiting until the project fleet is replenished with at least one Arc7 ice-class LNG tanker. US sanctions are significantly slowing the project, with buyers so far r...
By Rhod Mackenzie
The United States is concerned about a draft law on foreign agents that may be passed in Kyrgyzstan. US Secretary of State Antony Blinken wrote about this in a letter to Kyrgyz leader Sadyr Japarov. The US State Department notes that 'we have already seen the negative consequence...
By Rhod Mackenzie
Two years after the introduction of Western sanctions against Russia, it can be concluded that they did not achieve their intended goals, as indicated in the study 'Why did the sanctions not work?' conducted by the Center for Financial Analytics of Sberbank. RBC reported this wit...
By Rhod Mackenzie
Sweden has concluded its investigation into the bombing of the Nord Stream pipelines and found no evidence of its involvement. Analyst believe that the perpetrators will not be identified based on the ongoing investigations in Denmark and Germany. Meanwhile, the damage caused by...
Saudi Arabia officially joined the BRICS alliance becoming the first large oil-producing country to enter the bloc. BRICS initiated a power move with Saudi Arabia’s inclusion as they now control nearly half of the world’s oil output. The development puts the US prospects in peril as America only hol...
