The BRICS and the Shanghai cooperation organization (SCO) are a powerful group influence on the world economy, Ukrainian economist Alexander Koltovich.

He stressed that the BRICS and the SCO are in recent decades, the " locomotive of the world economy ".

Koltunova recalls that, according to the examination results of the IMF, for the year of 2014 for the calculation of the gross regional product (GRP), purchasing power parity BRICS ahead of the " Big seven ".

"Higher than that of many other developing countries, the BRICS and the rate of increase of GDP, and certainly Higher than in the US and the EU," He says.

Koltunova agree with foreign media that China and Russia - the new global axis superpowers.

"What in the Eurasian continent have formed a powerful group of global influence - it was Clear before," He writes.

Speaking about the results of the summit, He stressed the importance of the fact that the BRICS have connected India and Pakistan.

"This extension is able not only to make wider the geography of cooperation of the organization, but also significantly alter the appearance of the region in the next decade," wrote the economist.


in 2006, the Russian Federation had spoken with the proposal of creation of BRIC - a new global forum uniting Brazil, Russia, India and China. In accession to BRIC South Africa in the early winter of 2010, the group was renamed BRICS (BRICS). Read more in

sections: Politics