SCO & BRICS latest news and insights
By Rhod Mackenzie
The Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, India's state-owned oil refineries, are in talks with Rosneft about long-term supplies of its oil, Bloomberg reported, citing sources .
"All three of India's state-owned refiners are in...
By Timofei Bordachev
Russian policymakers, it seems, are operating under the assumption that country’s interaction with its most important partners, in terms of its development and stability in Eurasia, cannot be dependent on the dynamics of the conflict between Russia and the West.
Moscow’s cur...
Iran's Ambassador to India Iraj Elahi, Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal discussed the development of cooperation between India, Iran.
"H.E. Iraj Elahi ambassador of the Islamic Republic of Iran in New Delhi, met with H.E. Sarbananda Sonowal, Minister of Ports, Shi...
By Rhod Mackenzie
Russia has punished five Ecuadorian banana suppliers and has started purchasing bananas from India for the first time. Ecuador has been the main importer of bananas to Russia until now. It is unclear why Ecuador held on to its monopoly status for so long and why Russia only now b...
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...
Over the past year, the BRICS economic alliance has grown notably in its prominence. Indeed, the bloc enacted its first massive expansion since 2001, inviting six nations to join its ranks. Subsequently, amid that expansion, the BRICS alliance is predicted by Goldman Sachs to dominate global GDP by...
