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    Expansion Of The BRICS New Development Bank

    Bank has lent US$33 billion to 96 BRICS infrastructure projects The BRICS New Development Bank (NDB) began its eighth annual meeting in Shanghai on Tuesday, with Russian Finance Minister Anton Siluanov outlining its development plans. The Shanghai-based NDB was established in 2014 by Brazil, Russia, India, China, and South Africa, and formally opened for business[…..]

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    Eurasian Central Banks: A Fragmentation of the Global Financial System is Already Happening

    Discussions taking place concerning replacement systems and digital currency usage in trade with the RMB Yuan at the core The Eurasian Economic Forum was held last week in Moscow, with discussions concerning the process of de-banking (disconnection from global payment systems) within the Eurasian region. Ksenia Yudaeva, the First Deputy Chairman of the Russian Central[…..]

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    Afghanistan Accepted Into China’s Belt & Road Initiative

    Agreement with Pakistan for Taliban’s involvement sealed in Islamabad with projects already underway China and Pakistan have agreed to extend the Belt and Road Initiative into Afghanistan, potentially drawing in billions of dollars to fund infrastructure projects in the sanctions-hit country, according to Pakistan’s Foreign Ministry. The agreement was reached in Islamabad on Sunday (May[…..]

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    China Increases BRI Investments Into Iran By 150%

    China’s Economic and Commercial Counselor of the Chinese Embassy in Tehran, Xu Qisong has said that China’s investment in Iran increased by 150% in 2022, according to the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA). Speaking in a meeting with TCCIMA Secretary General Bahman Eshghi on Sunday, Xu said the growth in investment[…..]

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    Russian President Putin To Visit China For International Belt & Road Forum In September?

    By Chris Devonshire-Ellis Russian President Putin has been invited to visit China to attend the 3rd International Belt and Road Forum for International Cooperation by Chinese President Xi Jinping, with the invite being extended during Xi’s visit to Moscow earlier this year.

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    All Agreements, Grants, and Initiatives Approved at the Central Asia–China Summit

    The Central Asian and Chinese governments approved US$3.72 billion in regional grants, signed 54 major multilateral agreements, created 19 new regional platforms and signed a further 9 multilateral cooperation documents. We highlight each of these regional development measures and discuss foreign investment potential.   

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    Turkiye’s Multilateral Trade with Central Asia: Current Situation and Future Prospects

    Overall growth with the proposed Turancez FTA a potentially significant major trade corridor boost    By Farzad Ramezani Bonesh with additional commentary by Chris Devonshire-Ellis Introduction With the collapse of the Soviet Union, the Turkish recognition of the independence of the newly created republics of Kazakhstan, Turkmenistan, Uzbekistan, Kyrgyzstan, and Tajikistan in 1991 was the[…..]

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    The China-Central Asia Summit: Agreed Financial Infrastructure Frameworks

    The China-Central Asia summit has concluded, with the event overshadowed in the West due to the G7 meetings in Hiroshima. In this article we provide details on what was agreed between the participants in terms of financial development architecture.

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    China-Central Asia Summit Results In Xi’an Declaration and Regional Trade & Investment Advances

    Plans to increase mutual trade to US$100 billion by 2030 By Chris Devonshire-Ellis The 2023 China-Central Asia Summit has concluded in Xi’an, with the attending parties all signing off the ‘Xi’an Declaration’ which outlines mutual goals. Attendees included China’s President Xi Jinping along with Presidents Kassym-Jomart Kemeluly Tokay of Kazakhstan, Sadyr Japarov of Kyrgyzstan, Serdar[…..]

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    China’s Economic & Trade Cooperation With Central Asia

    China’s economic and trade cooperation with the five Central Asian former Soviet states has achieved tangible results since diplomatic relations were established more than 30 years ago, China’s Ministry of Commerce has said, ahead of the China-Central Asian Summit which began yesterday (May 18). China’s trade with the five Central Asian countries – Kazakhstan, Kyrgyzstan,[…..]

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