Commonwealth of Independent States to be merged with Eurasian Economic Union? Three important Eurasian regional events have taken place in Bishkek, the capital of Kyrgyzstan – the meetings of the heads of government of the Shanghai Cooperation Organisation (SCO), the heads of government of the Commonwealth of Independent States (CIS), and the Eurasian Intergovernmental Council,[…..]
New economic thinking believes that sanctions on Russia have had a positive economic effect on Russia’s industrial output The XVI Verona Eurasian Economic Forum, which has become a traditional platform for business dialogue between Russia and EU countries, has returned to Samarkand, and opened on November 3.
Increasing intra-bloc ties improving Eurasian connectivity On November 1 in Tashkent, Arzybek Kozhoshev, the Minister of Energy and Infrastructure of the Eurasian Economic Union Commission took part in the first transport forum of the Shanghai Cooperation Organisation.
The five current members of the BRICS group increased trade by 56% from 2017 to 2022, reaching some US$422 billion worth of turnover last year, according to Bloomberg.
By Chris Devonshire-Ellis The Ukrainian presidential adviser to Volodymir Zelensky, Mykhailo Podolyak, has managed to accomplish a rare feat in insulting the collective 2.9 billion population of China and India by describing them as ‘intellectually weak’.
By Emil Avdaliani When China held its third Belt and Road Forum in October, little information was made public regarding the deals signed during the event. In fact, China reached numerous agreements, and especially so with its Central Asian neighbors. These ranged from developing green technologies to infrastructure construction. We identify them as follows:
Oleg Deripaska, Founder of Rusal, says China-Russia bilateral trade can reach US$500 billion and that the BRI is ushering in geopolitical changes China and Russia can further explore integration in financial infrastructure, and China-Russia local currency settlement cooperation can go further, according to Oleg Deripaska, industrialist, philanthropist and founder of aluminum giant Rusal.
Avoiding Kazakhstan has become a Eurasian logistics concern as sanctions measures spread A curious side-effect of the Western sanctions policy towards Russia, has allowed Central Asia and, especially, Uzbekistan to actively engage in the formation of new transport corridors, creating interesting logistics combinations in greater Eurasia.
Criticism over a lack of public transparency and putting profits ahead of real project needs have surfaced The European Union has announced numerous multimillion dollar deals at its Global Gateway Forum, the bloc’s new infrastructure partnership plan that’s seen as an alternative to China’s worldwide Belt and Road Initiative (BRI).
If adopted, 20% of global GDP would move to non-US dollar transactions Proposals have been made by the Russian Prime Minister Mikhail Mishustin, for establishing an independent payment mechanism for members of the Shanghai Cooperation Organization (SCO).