Ufa Summit forespeaks an alternative world order

1 (773 x 430)Tahmina Khanam Tuli

The 7th annual BRICS summit and 15thShanghai Cooperation organization (SCO) summit had recently been wrapped up, with Russia chairing the Eurasian Economic Union (EEU)
Last week in Ufa, Russia holds the multilateral bloc-building approach.
Russian president Vladimir Putin earlier emphasized in the Ufa Summit which brought the emerging nations, i.e. Brazil, Russia, India, China and South Africa together as BRICS wants to change global monetary order.
The summit launched of $100bn reserve currency pool, high hopes about the New Development Bank (NDB) to protect the member states.
On the other hand, Beijing also wanted to create a new world order where west wouldn’t dominate and left with engaging with Moscow, which led system and they both expressed eagerness to work on china’s silk road project and Russian-led Eurasian Economic Union together.
Strategic issues is that in SCO summit the most significant fact was the trying to set an example of trust and friendship holding India and Pakistan together, which critically alerts the west and the future of the hegemonic approach in South Asian region.
Besides, Russian president met with Iran and deeply interested to bring Iran in the orbit, what the west now competes to convince Iran to be in western alliances, perhaps though recent nuclear deal.
The BRICS, SCO and EUAA summits show how absurd and utopian the west in declaration to attempt of Russian power games.What was happened in Ufa last week is important as a multilateral cooperation of the rest of the sovereign states outside the west, in the world. To have both BRICS and SCO in one field, Putin displayed grand mastery in presenting a bold alternative to the existing world order.
The author studies bachelor at the Department of International Relations, University of Dhaka. She can be reached at tahminakhanam009@gmail.com