Tag: Eurasian Economic Union

Russia will be hosting the twin summits at Ufa – BRICS and SCO – on July 8-9. It’s expected to be a big moment for Russia as Moscow, reeling under Western sanctions on account of its Ukraine actions, signals to the world that it still has friends and partners across a wide swathe of the developing world.
For India, too, the Ufa summit will be a milestone of sorts, albeit for different reasons. The long wait has ended: New Delhi is expected to be elevated from an observer to full-fledged member in this Eurasian organization. The induction of the world’s largest democracy and Asia’s third largest economy is expected to provide more heft to the grouping which has been dominated by Russia and China since its founding more than a decade ago.
Many initiatives and ideas will be competing for attention of leaders at the SCO summit in Ufa. The SCO countries are expected to forge closer regional cooperation in combating terrorism and taking on the Islamic State. Most important, the world will be watching the big picture as the SCO summit endorses a blueprint for development of the organization.