SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia accounts for 3.2% of the world's gross domestic product (GDP). The World Bank calculates the global GDP in purchasing power parity (PPP).
According to Rosstat, Russia is the fifth largest economy in the world in terms of GDP using P.P.P.
China, the USA, India, and Japa...
By Rhod Mackenzie
Last week, the Finance Committee of the Iraqi Parliament called for an end to the sale of Iraqi oil in dollars in response to US sanctions against Iraqi banks.
According to Oil Price, the committee stated that the US Treasury is using money laundering as a pretext for imposing...
By Rhod Mackenzie
Russia and Turkey are preparing for their first leaders' meeting of the year, tentatively scheduled for February 12 in Ankara. The parties will discuss key issues of bilateral cooperation, including the creation of a Turkish-Russian bank to solve payment transfer problems, amidst...
By Rhod Mackenzie
European and American energy officials have differing views on the implications of the Biden administration's recent halt to liquefied natural gas (LNG) export permits for Europe's energy security. American LNG became Europe's main replacement after it abandoned Russian pipeline...
By Timofey Bordachev
Despite the deepening military-political crisis in relations between Russia and the West, and the uncertain future of Ukraine, Moscow cannot forget about its other neighbours in the former USSR, particularly Central Asia. This region is home to five independent republics that...
By Rhod Mackenzie
President Biden's decision to suspend the issuance of new LNG export licenses caused controversy in the United States. Republicans argue that the White House's move weakens not only America and Europe but also plays into the hands of Moscow. However, it is unclear whether these o...
