India will be part of the team, there is a new World order in the wings. Do we trash talk the team, or try to find a way to play the game on an equal footing?
The SCO-India ....Russia has encouraged India to join the organisation as a full-time member, because they see it as a crucial future strategic partner.[62][63] China has also welcomed India's accession to the SCO.[64] India applied for membership in September 2014,[65] and was approved for membership by the SCO in July 2015.[66] It signed a memorandum of obligations on 24 June 2016 at Tashkent to join SCO to join as a full-fledged member. It is expected to formally accede to the organization by 2017.[2]China isn't pulling the strings.
Mr Putin said this-
At the 2007 SCO summit Iranian Vice President Parviz Davudi addressed an initiative that has been garnering greater interest and assuming a heightened sense of urgency when he said, "The Shanghai Cooperation Organisation is a good venue for designing a new banking system which is independent from international banking systems".[31]
The address by Putin also included these comments:
"We now clearly see the defectiveness of the monopoly in world finance and the policy of economic selfishness. To solve the current problem Russia will take part in changing the global financial structure so that it will be able to guarantee stability and prosperity in the world and to ensure progress.
"The world is seeing the emergence of a qualitatively different geo-political situation, with the emergence of new centers of economic growth and political influence.
"We will witness and take part in the transformation of the global and regional security and development architectures adapted to new realities of the 21st century, when stability and prosperity are becoming inseparable notions."[32]
Leaders present at the SCO summit in Yekaterinburg, Russia in 2009.
On 16 June 2009, at the Yekaterinburg Summit, China announced plans to provide a US$10 billion loan to SCO member states to shore up the struggling economies of its members amid the global financial crisis.[33] The summit was held together with the first BRIC summit, and the China-Russia joint statement said that they want a bigger quota in the International Monetary Fund.[34]
