BRICS

Europe’s ‘Green Energy Bubble’ bursts as Siemens takes on €15 billion of debt

By Rhod Mackenzie Siemens Energy has taken on debt to protect its sustainable business. The energy division of Siemens Energy AG, which is the biggest unit of the German engineering corporation Siemens, has agreed a deal worth €15 billion with a group of banks, the German government, and its shareholder Siemens AG, to compensate for […]

Taking the Ancient Silk Road on the way to the new realities in a multipolar world

By Rhod Mackenzie Russia and Iran are prepared for mutually beneficial cooperation with all countries, particularly our neighbours. Central Asia is experiencing rapid development.  It is time for Europe to awaken to the current circumstances. These are the key themes of the XVI Verona Eurasian Economic Forum – a unique public platform facilitating communication between […]

EU wants to say goodbye to Russian Friendship (Druzhba) oil pipeline

By Rhod Mackenzie The Czech Republic is currently making arrangements to shift its oil refineries to the use of non-Russian oil sources. This is despite Russian oil via pipeline supplies  being exempt from sanctions on it, as well as for Austria, Hungary and Slovakia, Prague appears to think that its oil supplies may halt unexpectedly […]

EU’s rejection of Russian gas easier said than done as LNG purchases increase

By Rhod Mackenzie Europe’s commitment to weaning itself off Russian fossil fuels appears to be in name only. Imports of Russian LNG into the European Union have now reached record levels. Spain and Belgium have doubled their purchases. According to the Centre for German Studies at the Russian Institute of Europe, LNG supplies from Russia […]

BRICS PLUS: India will ignore Western pressure to stop Russian oil trade

By Rhod Mackenzie India is under pressure due to its unwavering stance on importing oil from Russia. This was confirmed by the Foreign Minister, Subrahmanyam Jaishankar, during a conference in Bhopal. It should be noted that India has taken a resolute position to defend their right to purchase oil from Russia. “But had we succumbed […]

BRICS Plus as Brazil is top Russian diesel importer

By Rhod Mackenzie In early October, Brazil significantly increased its imports of Russian diesel fuel, despite restrictions on its export being imposed by the Russian authorities. By the second half of October, Brazil had even become the largest destination for diesel fuel exports from the Russian Federation, surpassing Turkey. Furthermore, Russian companies have established themselves […]