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From the SCO to BRICS: Pepe Escobar Examines Multipolarity and the Path to De-dollarization

Da OCX aos BRICS: Pepe Escobar disseca em seu ‘Pepe Café’ o avanço da ordem multipolar e a rota da desdolarização
Countries
ChinaIndiaRussia
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional Development

Source: Brasil 247 | Original Published At: 2026-09-04 08:30:23 UTC

Key Points

  • Escobar presents the Shanghai Cooperation Organisation summit in Bishkek as groundwork for the forthcoming BRICS summit in New Delhi.
  • He highlights dialogue among Vladimir Putin, Xi Jinping and Narendra Modi as evidence of strategic coordination.
  • The analysis discusses The Unit, a proposed trade settlement instrument for SCO and BRICS participants backed approximately 40% by gold and 60% by participating national currencies.
  • Escobar contrasts Sergei Glazyev's emphasis on digital international payments with Michael Hudson's focus on dollar-denominated debt and sovereign productive credit.
  • He argues that closer SCO–BRICS institutional cooperation could support trade corridors and alternative financial infrastructure.
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