SCO & BRICS latest news and insights
By Rhod Mackenzie
The countries of Europe have reached the limit of the number of sanctions they can impose against Russia. The 17th package of restrictions were approved on Wednesday, May 14, however none of the measures imposed are expected to pose any significant threat to the Russian economy,...
By Rhod Mackenzie
Vladimir Putin and Xi Jinping's talks have increased the likelihood of the signing of a new historic gas contract with China this year, under the Power of Siberia 2 project. The primary concern is the cost of future supplies. There are even rumours that Russia will sell gas to Ch...
By Rhod Mackenzie
According to data from the Russia Central Bank , Russia's external debt has fallen below the $300 billion threshold for the first time since 2006. Foreign borrowings by the state and companies has reached an 18-year low. The reason for this is that the country is currently in the...
By Rhod Mackenzie
Approximately three dozen heads of state from all around the world attended the celebrations to mark the 80th anniversary of the victory in the Great Patriotic War. The attendees included representatives from China, Brazil, Egypt, Cuba, Venezuela, Vietnam, Mongolia, Armenia, Bela...
By Rhod Mackenzie
On early Monday Vladimir Putin proposed the resumption of talks on Ukraine in Istanbul. His initiative has been met with approval by both Donald Trump and Tayyip Erdogan. So what the proposal is based on and why does it makes the ultimatums issued by the European "coalition of...
By Rhod Mackenzie
It has ben reported by the Western media agencies that the BRICS founding India has made a decision to increase its oil supplies from the US to replace fellow BRICS member's Russian oil. However, industry analysts are confident that US oil will not be able to compete with Russia...
