On June 15-16, the annual heads of state summit of the Shanghai Cooperation Organization was held in Yekaterinburg, Russia. The most significant announcement so far is that China has offered an additional $10 billion in budget support to the faltering Central Asian economies. This follows a similar $10 billion grant to Kazakhstan in April and a $1 billion package of economic assistance to Tajikistan in early June. Major attention was also devoted to the situation in Afghanistan. The attendees of the summit included the heads of the SCO member states (China, Russia, the Kyrgyz Republic, Uzbekistan, Kazakhstan, and Tajikistan), representatives from observer states, and the Afghan president.
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