The recent summit of the Shanghai Co-operation Organization (SCO) held in the Russian city of Ufa agreed to enlarge the organization. President Putin declared “For the first time since its establishment, we have launched a procedure for admitting new members – India and Pakistan”. By Süreyya Yiğit Documents were signed to begin the accession of … Continue reading
By Mahdi Darius Nazemroaya The tide is changing. The world is no longer dominated by the U.S., Western Europe, and Japan. The Group of Eight (G8), which reverted to the Group of Seven (G7) in 2014, has been displaced by the BRICS, which is why Russia was not bothered when it was expelled from the G8/G7 … Continue reading
Vladimir Putin gave a news conference following the BRICS and Shanghai Cooperation Organisation summits in Ufa. By The Kremlin Vladimir Putin: Good afternoon, ladies and gentlemen. Let me start by giving a brief summary of the results of the BRICS and SCO summits that took place here in Ufa. They concluded Russia’s presidency in these two influential organisations and represent a big step in developing our countries’ multifaceted cooperation. In terms of their influence … Continue reading
The BRICS grouping of emerging market nations — Brazil, Russia, India, China, and South Africa — will see their own $100 billion development bank, The New Development Bank (NDB), also known as the BRICS bank, in operation by the end of 2015, South Africa’s Finance Ministry said on Friday. “The New Development Bank is expected to be operational … Continue reading
“The upcoming BRICs and the Shanghai Cooperation Organization (SCO) summits would unite countries for development, peace and security of the region and world, visiting Chinese Foreign Minister Wang Yi said here [Moscow] Wednesday,” Xinhuanet reports. During the meeting in Moscow with Sergei Lavrov, Russian FM, Mr Wang expressed his full support for the two summits … Continue reading