SCO & BRICS latest news and insights
By Rhod Mackenzie
The US is increasing its pressure on Turkey to end its purchases of Russian oil and gas, the Russian Embassy in Ankara reported in an oficial statement.
It said Washington continues to coerce its so called allies to reduce or even to cease their mutually beneificial energy coop...
By Rhod Mackenzie
The festive season of Christmas and New Year's holiday celebrations has commenced in the European Union. While it is often referred to as 'diplomacy', the actions of the parties involved may be perceived as those of a farcical nature. While it may appear somewhat pretentious, th...
By Rhod Mackenzie
While Europe and the US are grappling with how to deal with their debts, Russia has turned Western pressure to its advantage and found an elegant solution to the financial crisis. However, this solution won't suit everyone.
Russia's debt at record low level
Russia's debt at re...
By Rhod Mackenzie
Major European oil refineries are at risk of shutting down due to Washington's sanctions against Russia's Lukoil. A major gas station chain has closed in Finland, and Bulgaria and Romania are scrambling to take action. Risks have also emerged for the global energy market. what er...
By Rhod Mackenzie
The tariffs imposed by US President Donald Trump have hurt the economies fellow G7 members and not those of the BRICS. The economic growth of Germany,Japan and the UK have been hard hit but the tarrifs have not impacted those of the leading BRICS members China and India.
Japa...
By Rhod Mackenzie
It is no longer accurate to suggest that oil prices are the key factor in the stability of the Russian economy and finances. Russia is a major supplier of raw materials and high-value products to the global market, including industrial goods. Could you please provide an update on...
