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SCO Sets Course for De-Dollarization, Security and Sustainable Growth

The virtual Shanghai Cooperation Organization (SCO) summit, which was hosted by India on July 4, brought the focus onto geopolitical tectonic shifts, global threats and new opportunities for Eurasian powers.
"The world is moving toward multilateralism and we find that the UN, which is the largest grouping of countries, is becoming ineffective and highly politicized by the West," Indian military veteran Ret. Major General Shashi Bhushan Asthana told Sputnik, commenting on the recent summit.
"Therefore, all over the world, the other groupings are coming up and taking a major load off the UN, and in that context, SCO has become an important forum with 40% of the global population and 20 percent of the world's GDP."
"It is an important grouping where you have China, Russia - two P5 members [P5 are five permanent members of the United Nations Security Council – Sputnik], India another important member, and other players of Asia. Earlier, most groupings, whether it is the United Nations which came out of the Atlantic Charter or NATO, all these platforms were Western-oriented. SCO, on the other hand, is an Asian-oriented bloc, and in an era of multilateralism, it has provided a little bit of balance," he continued.
SCO's Expansion: Iran Joins the Club, More to Come
On July 4, the SCO held its 23rd summit with the participation of the entity's eight permanent members, heads of the observer countries and the UN secretary-general. For the first time in the last six years, the organization welcomed a new member: Iran was officially admitted to the SCO. The last time the SCO expanded was in 2017, when India and Pakistan joined the Eurasian club.
The Islamic Republic signed a memorandum of commitment to obtain the status of SCO member at the September 2022 SCO meeting in Samarkand.
Iran is not the only country that has sought full-fledged membership in the organization. Belarus is reportedly due to obtain the status in 2024. In addition, multiple countries including Turkiye, Afghanistan, and Mongolia have expressed interest in joining the bloc.......more below

https://sputnikglobe.com/20230705/sco-sets-course-for-de-dollarization-security-and-sustainable-growth-1111678054.html

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Senegal rejects IMF debt-restructuring proposal

Accepting the Washington-based lender’s plan would be a “disgrace” for Dakar, the African state’s prime minister has said

Senegal has rejected a debt-restructuring proposal put forward by the International Monetary Fund (IMF). The West African country’s prime minister, Ousmane Sonko, said following the plan would amount to a national “disgrace.”

Sonko made the remarks at a rally in the capital, Dakar, on Sunday, days after the Washington-based lender concluded a two-week mission to Senegal without a new financing deal.

Senegal’s public debt has risen to over $11 billion amid the discovery of $7 billion in undeclared loans. The IMF has since frozen a $1.8 billion lending facility to the former French colony, citing misreporting and hidden debt.

Senegalese President Bassirou Diomaye Faye, who came to power in April 2024, has blamed his predecessor, Macky Sall, for the debt crisis.....more here

https://www.rt.com/africa/627581-senegal-rejects-imf-debt-restructuring-proposal/

The dragon’s dome: China is making a revolution in global missile defense

While Washington dreams of a Golden Dome, Beijing is quietly building one that actually works

When Donald Trump unveiled the Golden Dome in May 2025, he promised nothing less than a revolution in American security – a $175-billion missile defense shield designed to intercept any threat to the United States.

Modeled on Ronald Reagan’s Strategic Defense Initiative, the new project envisions an integrated network of satellites, next-generation interceptors, radars, and laser weapons extending from the Earth’s surface to outer space. The ambition is clear: complete, preemptive, and absolute protection by 2029.

Yet behind the spectacle of technological grandeur lies a troubling pattern. No concrete system architecture has been presented, and early projections suggest the true cost could triple the official figure. More importantly, the concept of “absolute security” signals an enduring American desire for unipolar dominance – one that undermines, rather than reinforces, global ...

US went after Bangladesh govt over reluctance to condemn Russia – ex-minister EXCLUSIVE

The overthrow of PM Sheikh Hasina in 2024 was funded by USAID and Clinton family money, Mohibul Hasan Chowdhury told RT

The unwillingness of Bangladesh to condemn Russia over the Ukraine conflict was one of the reasons the US wanted to oust Prime Minister Sheikh Hasina, former cabinet minister and chief negotiator Mohibul Hasan Chowdhury has said in an interview with RT.

Hasina, who led Bangladesh for 15 years, fled the country in August 2024, following weeks of violent student-led protests which claimed 700 lives, according to some estimates.

Chowdhury, who served as the country’s shipping minister, was at the heart of negotiations between the authorities in Dhaka and demonstrators during the crisis. The country has been led by an interim government since then, which pledged to hold an election in 2026.

Chowdhury told RT in an exclusive interview to be aired on Monday that the uprising was instigated by NGOs linked to the US Agency for International Development (USAID) and the ...

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