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Home » Pepe Escobar: Rise of a Post-Western World at the SCO Summit (Transcript)

Pepe Escobar: Rise of a Post-Western World at the SCO Summit (Transcript)

EDITOR’S NOTE: In this episode, veteran journalist and geopolitical analyst Pepe Escobar joins Professor Glenn Diesen to discuss the Shanghai Cooperation Organization (SCO) summit held in Bishkek, Kyrgyzstan. They examine the SCO’s evolution from a regional security body into a major Eurasian geo-economic institution, and explore the significance of key bilateral meetings, Iran’s growing role, and the widening divide between the Western-led order and the emerging Eurasian integration space. (September 2, 2026)

TRANSCRIPT:

Introduction

GLENN DIESEN (00:00:00 – 00:00:11): Welcome back, everyone. We are joined today by Pepe Escobar, a journalist and a political analyst, to discuss the Shanghai Cooperation Organization summit. So thank you for coming back on.

PEPE ESCOBAR (00:00:12 – 00:00:17): Always a pleasure with you, Glenn. Yes, this was a heavy, heavy day. Lovely Bishkek, Kyrgyzstan.

The SCO’s Evolution Over 25 Years

GLENN DIESEN (00:00:18 – 00:01:20): Yeah, and I was going to say, the Shanghai Cooperation Organization, it’s well, definitely changed over the past 25 years. As we all know, it began as this organisation only with Russia, China, and 4 of the Central Asian states to manage security in the Central Asian region, also manage any possible competition between Russia and China. But now they’d grown to be an economic, geo-economic entity. It’s taken in all these new members. India, Iran, Belarus. It’s quite a — it has changed to a large extent.

So, what are your takeaways from this summit in terms of where the SCO, that is the Shanghai Cooperation Organisation, has moved? I mean, is it now an actual Eurasian security institution or a geo-economic institution? How do you see what was effectively achieved at this summit?

PEPE ESCOBAR (00:01:20 – 00:11:32): Yeah, well, I am particularly fond of the SCO, Glenn, because I’ve been following it from the beginning. Which is a long time ago. That was in June 2001, 3 months before 9/11. It was a very simple meeting in Shanghai by a garden, by the way. And the Shanghainese love to say it, “ah, this organization, it’s so big, it started in a garden in Shanghai.” True.

And at the start, there were 3 major targets. Against separatism, against terrorism, and against religious extremism, which we could define at the time essentially Al-Qaeda and the ramifications of Al-Qaeda across the Central Asian states, something that we could already see at the time, especially in Afghanistan.

And in this particular year, it was a concourse of circumstances. It was crazy. When they founded the SCO, I was in Hong Kong and I was getting ready to go to Pakistan and Afghanistan. And that, as we all know, this was 3 months before 9/11. And when I was in Afghanistan waiting to interview Commander Massoud, we could visit Massoud’s prisons. And guess what I found over there? Al-Qaeda members, many of them Uyghurs, but also Uzbeks. So we had Central Asians and Uyghurs from Xinjiang in China.

So this was in fact one of the targets of the SCO at the time when it was under the Taliban. Of course, the Al-Qaeda cells were tolerated or not by the Taliban. They were all over the place. So, to a certain extent, they were already previewing what could happen next, which, as we all remember, was the famous War on Terror, which of course metastasized into a war of terror. And of course, the US using Al-Qaeda for a lot of parallel underground, hidden and very, very dark agendas.

Expansion and the Geo-Economic Turn

This first configuration of the SCO started to evolve little by little. And then by the early 2010s, they started to expand. And by the end of the previous decade, they had already India and Pakistan as full members. And Iran had already started a move to be accepted as a full member, which is what happened 2 years ago.

So the observers are also very important. Among them, the top observer is Mongolia. But we find also, guess what? Afghanistan. And the Afghans were also at the SCO as guests. Of course, they are part of what they call it SCO Plus. It’s equivalent of BRICS+. These are partners, associate members, members that may become full members in the future, etc. Turkey is also one of the observers, partners, but not full members.

So now it is an enormous geo-economic organization. And I went to a lot of SCO sessions during the previous decade. Usually in Russia, but sometimes even other parts of Central Asia. And they started to talk essentially business, trade, commerce, business around 10 years ago, even less than 10 years ago. So now this has become a huge organization where the most important thing is the interconnection of trade, commerce, and especially trade in their own currencies all across Eurasia, the Eurasia space.

And of course, they still think about terrorism. The declaration that they released today talks once again about terrorism. They worry about nuclear proliferation, no question about that. But they’re starting to focus especially on the financial angle, which is the proposal, which is by Iran, that’s very, very important, for them to set up an SCO development bank. The Russians already said yes. So the heavily sanctioned Iran and Russia support an SCO development bank, which can be even more effective than the BRICS bank, the NDB, where the statutes are all tied up with the US dollar. It’s an enormous problem. We have to turn the NDB upside down so it can start working as a real development bank.

Key Bilaterals and the Summit’s Takeaways

So what we saw between yesterday and today, something very — we were expecting. The bilaterals, some of them were fantastic. So we could see, for instance, in the corridors, Arashi discussing with Wang Yi face-to-face. We could see immediately after the official group photo, smiles all around between Putin, Modi, and Xi. So we could have another — in fact, we also saw a fantastic trilateral: Putin, Lukashenko, and Erdogan.