SCO & BRICS latest news and insights
By Rhod Mackenzie
For the past five months, Russian oil has been traded above the $60 price limit set by Western nations. This oil is transported by numerous parties including Greek shipping companies and tankers that have lacked Western registration and insurance. As a result, Russia's monthly in...
By Rhod Mackenzie
Russia has almost entirely evaded the price ceiling imposed on its oil by the countries of the G7 last December, which was set at $60 per barrel, states the Financial Times (FT). The publication cites a senior European official, who reveals that in October, nearly all of Russia'...
By Rhod Mackenzie
The Western media alleges that purchasing gas from the recently established Russian Arctic LNG-2 facility is too risky as it might attract American sanctions. The Financial Times examined the implications of the new American sanctions on Arctic LNG-2. Nonetheless, it is premature...
By Rhod Mackenzie
Russian gas is still being supplied to a number of European Union (EU) countries, including those that have officially ceased trading with it. According to Alexey Miller, head of Gazprom,
"I prefer not to provide specific figures as the molecules in the primary gas pipeline are...
By Rhod Mackenzie
Baidu, a Chinese entity, has been procuring chips from US-based company Nvidia for a prolonged period. The ongoing technological friction between Beijing and Washington, coupled with US Department of Justice's sanctions on Chinese corporations, has resulted in the Chinese firm s...
By Rhod Mackenzie
On 2nd November at 18:00 Moscow time, trading on the St. Petersburg Stock Exchange was suspended due to it falling under the sanctions imposed on Russia entities. Although trading of Russian shares continued on the next day from 2 p.m., foreign securities trading has not yet resu...
