Brazil

Last week, India virtually hosted the Shanghai Cooperation Organization (SCO) summit, which saw attendance from influential leaders, including Russian President Vladimir Putin, Chinese leader Xi Jinping, and Indian Prime Minister Narendra Modi.The summit was significant as it formalized Irans full membership, with Belarus potentially joining soon.Key topics of discussion included infrastructure connectivity, cross-border security, insurgency, terrorism, and the situation in Afghanistan.Despite shared strategic interests, the summit also highlighted growing tensions between India and China, largely due to border disputes and differing alliances.Shanghai Cooperation Organization summit shows divergent interests.
(Photo Internet reproduction)India has maintained its stance of non-alignment, implicitly criticizing Chinas Belt and Road Initiative (BRI) and defense ties with Pakistan.India is also expanding defense cooperation with Chinas rivals in the South China Sea, including the Philippines.While Russia faces economic recession and political instability at home, Putin expressed hope for enhanced strategic cooperation within the SCO.Trade between Russia and China has increased significantly, and India has become Russias largest oil customer.Including Iran, another strategic partner facing Western sanctions, could further facilitate trade and infrastructure development within Asia.Despite divergences, all SCO members are committed to facilitating a more multipolar international order.However, India, a member of the Quadrilateral Security Dialogue along with the US, Australia, and Japan, does not face any Western sanctions and continues to maintain robust trade and defense ties with Russia.The differences were evident during the SCO summit, with Modi implicitly criticizing Chinas BRI and expressing concerns over cross-border terrorism, an indirect reference to Pakistan.As geopolitical differences continue to widen, the future dynamics of the SCO will be critical to watch.THE SCO BACKGROUNDThe Shanghai Cooperation Organisation is a Eurasian political, economic, international security, and defense organization established by China and Russia in 2001.It is the worlds largest regional organization in terms of geographic scope and population, covering approximately 60% of the area of Eurasia and 40% of the worlds population.The SCO is the successor to the Shanghai Five, formed in 1996 between the Peoples Republic of China, Kazakhstan, Kyrgyzstan, the Russian Federation, and Tajikistan.In June 2001, the leaders of these nations and Uzbekistan met in Shanghai to announce a new organization with deeper political and economic cooperation.In June 2017, it expanded to eight states, with India and Pakistan.Iran joined the group in July 2023.
Several countries are engaged as observers or dialogue partners.





Unlimited Portal Access + Monthly Magazine - 12 issues


Contribute US to Start Broadcasting - It's Voluntary!


ADVERTISE


Merchandise (Peace Series)

 


Football Games for Saturday, July 5, 2025: Match Schedule and Live


[Brazil] - Dollar Holds Firm Against Real as IOF Uncertainty and Weak Trade Data Shape Market


Brazil’s B3 Sets New Record the Second Day in a Row on July 4


Crypto Market Enters Q3 with Cautious Stability Amid ETF Shifts and Altcoin Volatility


Latam Airlines Overtakes Lithium Giant as Chile's Most Traded Stock


Nile Basin Tensions Rise as Ethiopia Completes Africa’s Largest Hydroelectric Dam


Venezuela Begins Making Russian Ammo: Why This Factory Matters


Copa Airlines Grows Routes, Strengthens Panama’s Position as Key Connector in the Americas


LatAm’s Longest Overwater Bridge Project in Brazil Faces Hurdles


Gold Holds Firm as Market Eyes U.S. Policy and Global Risks


[Brazil] - Brazilian Real Strengthens as Commodities and Policy Shape Market


Bitcoin Holds Above 109,000 as ETF Inflows and Technicals Steady the Market


Ibovespa Sets New Record as Commodities and Wall Street Drive Gains


[Brazil] - Petrobras Launches Major $5 Billion Drive to Boost Diesel and Jet Fuel Output in Rio


[Brazil] - Mercosur: Milei's Iron Curtain Speech, the Clash with Lula, and What's at Stake


Big Beautiful Bill Passes House, Leading to the Largest Tax Cut in American History


[Brazil] - Huge Deals, Fewer Moves: Brazil&& s M A Market Shifts in 2025 Brazil's mergers and acquisitions market in 2025 is seeing larger offers however less of them. Main figures show that the overall value of M&A transactions leapt 40% to


Pompeo Calls on Latin America to Decide Between U.S. and China


[Brazil] - Brazil's Navy Boosts Gulf of Guinea Security to Safeguard Trade Routes


Peso's Rally Pauses: U.S. Economic Strength Lifts Dollar Against Mexican Currency


Colombian Peso Extends Rally as Dollar Faces Renewed Pressure


Iron Ore Prices Surge as Supply Adjustments and Technical Breakout Drive Market


Breakout Above Key Averages Propels Silver Higher


Copper Maintains Upward Momentum with Steady Price Increases


Oil Prices Rise on July 2 as Geopolitical Tensions and Supply Data Drive Markets


Gold Defies Downward Pressure, Signals Renewed Buying Momentum


Dollar Slides to 11-Month Low Against Real as Commodities and US Data Shift Market Balance


Bitcoin Holds Above $109,000 as ETF Flows and Technicals Drive Market Action


[Brazil] - Brazil's B3 Falters as Fiscal Tensions and Banking Pressure Offset Commodity Gains