SCO & BRICS latest news and insights
By Rhod Mackenzie
Over the past two years, the concept of the "Global Majority" has emerged as a prominent feature in Russian foreign policy discourse. The term is used to define the group of more than 100 countries that are not participating in the West’s economic sanctions against Russia. The mo...
By Rhod Mackenzie
Indian Prime Minister Narendra Modi's first visit to Russia in five years highlighted two key areas of economic cooperation between the two countries. These are the oil trade and the construction of nuclear power plants and the supply of nuclear fuel. What can India expect from R...
By Rhod Mackenzie
Russia is experiencing a surge in oil revenue. In May, budget revenues increased by almost 50%. The total volume of oil and gas revenues for the first four months of 2024 was approximately 4.16 trillion rubles. Experts cite three main reasons for the growth: an increase in world...
British billionaire Jim Ratcliffe, founder and head of the petrochemical giant Ineos Group, has stated that the high cost of electricity and carbon have undermined the competitiveness of the European petrochemical industry, sending it into a state of decline.
In an interview with Bloomberg TV, Mr R...
By Rhod Mackenzie
Denmark, along with other countries with access to the Baltic Sea, are considering imposing sanctions against the so called shadow fleet of tankers that are transporting Russian oil.
According to one version, Denmark wants to block the tankers passing through its waters. So what...
By Rhod Mackenzie
The petrodollar agreement between Saudi Arabia and the United States, signed in 1974, has now expired. This will enable Saudi Arabia to sell its oil and other goods not only in US dollars but in other currencies, according to media reports. Lets look at why the Saudis entered in...
