SCO & BRICS latest news and insights
By Timofei Bordachev
Discussions about what BRICS can actually do and what it can’t should begin with an understanding of how much the achievements or failures of other international institutions are related to their individual characteristics. The second may be a theoretical task, but it makes cl...
By Ivan Timofeev
The creation of new financial mechanisms through BRICS is one of the most promising fields for the development of the association. In the final declaration of the BRICS countries after the 2023 Summit, financial policy was given quite a lot of attention. In particular, it was sta...
In a significant move, India and Russia have agreed on a new Rupee-Ruble exchange mechanism, marking a pivotal moment in their longstanding relationship. This development is not just an economic arrangement but a reaffirmation of the deep-rooted friendship and strategic partnership that has weathere...
India has not purchased premium grades of Russian oil, including ESPO and Sokol, for the past two months. Despite the expectations of a collapse in Russian exports, this has not occurred. Instead, India is negotiating for additional preferences from Russia due to the decreasing discount on Russian...
By Manish Vaid
The trajectory of India’s oil demand growth reflects the shifting contours of the global energy landscape. The Organization of Petroleum Exporting Countries (OPEC) estimates India’s oil demand in 2024 at 5.59 million b/d, a marginal rise from 5.37 million b/d in 2023.
India’s oil i...
By Pepe Escobar
BRICS doubled its membership at the start of 2024, and faces huge tasks ahead: integrating its newest members, developing future admission criteria, deepening the institution's groundings, and most importantly, launching the mechanisms for bypassing the US dollar in international f...
