SCO & BRICS latest news and insights
By Rhod Mackenzie
According to data from investment bank Goldman Sachs, the discount on the price of Russian oil to the Brent benchmark has decreased to nearly zero in recent weeks, after previously exceeding $30 per barrel. However, the discount on the purchase of the popular Russian Urals brand...
By Rhod Mackenzie
On March 6, Russian Foreign Minister Sergei Lavrov announced that Russia considers Nigeria a priority partner in Africa.
...By Rhod Mackenzie
In February, Russia's oil and gas revenues surged by over 80% from the previous year to exceed $10 billion, owing to the increase in crude prices.
The Finance Ministry reported that budget revenues from oil and gas taxes amounted to 945.6 billion rubles ($10.4 billion) last mon...
By Rhod Mackenzie
In January 2024, the Russian economy experienced an unexpected acceleration, with annual GDP growth reaching 4.6%, up from 4.4% in December. The manufacturing sector played a significant role in supporting the GDP, despite increasing sanctions pressure and moderate hydrocarbon...
By Rhod Mackenzie
Vladimir Putin's speech during his address to the Federal Assembly this year was intense and focused on Russia's socio-economic development goals. It contained a list of orders for the public administration system. The speech can be studied in detail to emphasize certain strategi...
By Rhod Mackenzie
In his address to the Federal Assembly, the Russian President Vladimir Putin stated that if the Russian economy continues to develop as dynamically as it did last year, it will soon become the fourth largest economy in the world in terms of GDP at purchasing power parity. This go...
