SCO & BRICS latest news and insights
By Rhod Mackenzie
India and China took the lion's share of Russian oil exports that dropped out of the European market. However, other buyers also contribute to the Russian budget: Brazil, Saudi Arabia, the UAE. All of them increased purchases of oil and petroleum products from Russia. Analysts st...
By Rhod Mackenzie
In October, Russia exported a record batch of crude oil to Brazil - 207 thousand tonnes worth $133 million, RIA Novosti reported after analysing data from the Latin American country's statistical service. A leading analyst at Freedom Finance Global Natalya Milchakova commented on...
By Rhod Mackenzie
In early October, Brazil significantly increased its imports of Russian diesel fuel, despite restrictions on its export being imposed by the Russian authorities. By the second half of October, Brazil had even become the largest destination for diesel fuel exports from the Russian...
By Rhod Mackenzie
The upcoming leader of the new BRICS Development Bank will serve a five-year term representing Russia. Within this period, a major decision must be made which will have worldwidet reprecussions,this is regarding the creating of a financial instrument or currency. The quandary of...
By Rhod Mackenzie
The invitation to six countries to join BRICS should not be considered in the logic of the "Cold War of the last century". This is according to the Brazilian Foreign Minister Mauru Vieira who wrote in an article published in the Folha de São Paulo newspaper..
The head of the S...
By Mikatekiso Kubayi
The BRICS bloc was dismissed by many in the beginning, with some arguing that it does not hold sufficient power to change anything, let alone contend with the global hegemons. But BRICS is not about challenging anyone. It is about fostering cooperation and collaboration to fin...
