India, Pakistan to Become Full Fledged SCO Members

Not only is this an economic union forming, but also the next world war axis under construction. It is a Sino-Soviet military counterweight to the global Western hegemony.

 

 

The meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organization (SCO) member states wrapped up in Astana on April 21. The participants confirmed the unanimous decision to grant full-fledged membership to India and Pakistan at the SCO Astana summit on June 8-9, 2017.

The SCO was established in 2001 as a multi-purpose regional organization active in three main fields: economic, military-political and humanitarian. The SCO members now are Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Afghanistan, Pakistan, India, Iran, Mongolia and Belarus are the SCO observer-countries, while Azerbaijan, Turkey, Sri Lanka, Armenia, Cambodia and Nepal are dialogue partners. Although Russia and China are the most important SCO members, the organization operates by consensus. Continue reading

Who’s Really Isolated? Iran Set To Join BRICS Bank, Strengthen Ties With Brazil

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As US hegemony wanes in the face of dysfunctional domestic politics, foreign policy confusion, and a “lead from behind” mentality, the world has begun to transition towards a kind of new world order both politically and economically.

On the geopolitical front, we’ve seen a resurgent Russia take charge in Syria after the situation spiraled out of control, leaving hundreds of thousands dead and creating the worst migrant crisis in Europe’s history.

On the economic front, the BRICS nations have embarked on a series of projects designed to supplant the US-led multinational institutions that have dominated the post-war world. Continue reading

BRICS Bank, AIIB Pledge Partnership, Loans To Be Issued In Yuan

Over the first half of the year, we’ve built on several narratives that we believe are critical when it comes to understanding how the intersection of geopolitics and economics is set to shape the world going forward.

One of these narratives revolves around the extent to which three China-led ventures are set to supplant traditionally dominant supranational lenders on the way to embedding the yuan in international trade and investment.

The new ventures are the BRICS bank, the Asian Infrastructure Investment Bank, and the Silk Road Fund. We’ve discussed each of these at length and we’ve also shown that in one way or another, they all represent a shift away from the multilateral institutions that have dominated the post-war economic order.  Continue reading

US makes ‘fatal mistake’ driving China and Russia closer: Duowei

There’s more at risk than economic consequences, which is why it’s recommended to read JR Nyquist’s ‘One Clenched Fist‘ article.

 

The United States is making a “fatal mistake” by antagonizing both China and Russia and forcing the two primary opponents closer together, says Duowei News, a US-based Chinese political news website.

Washington turned against Moscow following the start of the Ukraine crisis in February this year, leading the European Union and Japan in imposing heavy sanctions against Russia. The increasing distrust between the two countries has been apparent, with Russian president Vladimir Putin and US president Barack Obama coming into contact for only 20-30 minutes during the Asia-Pacific Economic Cooperation (APEC) leaders summit in Beijing last week, with neither leader having much to say to the other.

America’s relations with China have also been strained. Beijing remains wary of Washington’s “return to Asia” strategy, which Beijing views as a means to control China’s rising power and influence. With the US unable to counter China’s rising economic power, Washington has turned to geopolitical measures, backing Japan and strengthening ties with the Philippines while also trying to entice Vietnam and India — all countries embroiled in territorial disputes with China. Beijing has not backed down, unilaterally announcing an air defense identification zone in the East China Sea that covers islands disputed with Japan last November. Continue reading