SCO’s impact on economic relations amidst sanctions, with emphasis on Russia and Iran

This article critically examines the economic efficiency of the Shanghai Cooperation Organization (SCO), with a focus on member countries such as Russia and Iran, which face geopolitical challenges from American and European influences. Contrary to prevailing views that either exaggerate or dismiss the economic benefits of the SCO, this study sheds light on the organization’s true economic potential. By addressing the impact of American and European sanctions on member countries, particularly Russia and Iran, the article underscores the significance of long-term economic gains achievable through the collaboration within the SCO. It explores the initiatives and shared goals among member nations, especially those led by China and Russia, as drivers for economic benefits. Additionally, the article emphasizes the potential for resolving challenges related to sanctions, such as facilitating smoother bank transfers, to expedite economic gains for member states.

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