SCO & BRICS latest news and insights
The European continent is currently experiencing a significant challenge due to the impact of the Arctic cold weather pattern , leading to widespread concern. Gas reserves, which were fully utilised at the start of winter, are now more than half empty, reaching a critical level. This has resulted in...
Despite the sanctions imposed, five EU countries purchased oil and gas from Russia in January, totalling 1.2 billion euros. This raises questions regarding the methods employed to circumvent these obstacles, and the reasons for the apparent discrepancy between official political statements and busin...
The European Commission President Ursula von der Leyen has finally acknowledged that the EU has suffered significant economic losses due to cutting off it major purchses of Russian energy resources. She has characterised the current situation as critical, emphasising that the EU's competitiveness is...
In the context of a historic reduction in pipeline gas supplies due to the ending of gas transit via the Ukraine , Europe continues to buy large quantities of Russian gas through the import of LNG. So buying form Russia is the only available option. The reasons for this, and the likelihood of the...
Qatar has threatened to cease supplying liquefied natural gas to the EU. This decision follows the implementation of the EU's new ESG directive, which aims to penalise companies that do not meet the required standards for carbon emissions. For Europe, which has been looking to alternatives to Russia...
Following a its record loss in 2023 and the its first lossssince 1999, Gazprom this year has exceeded expectations, generating an impressive 46 billion dollars in revenue. Significantly, European customers played a pivotal role in driving this growth by maximising their purchases through the availab...
