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  April 9, 2023 by Silk Road Briefing
  

  Turkmenistan’s 2023 GDP Growth Expected To Be The Highest In Central Asia

  The Asian Development Bank (ADB) has forecast GDP growth at 6.5% for Turkmenistan during 2023, the highest indicator among Central Asian countries, according to the banks latest Asian Development Outlook. ADB also predicts Turkmenistan’s GDP growth is expected to be 6% in 2024. “This forecast assumes higher capital spending and continued strong demand for hydrocarbon[…..]
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  April 6, 2023 by Silk Road Briefing
  

  China Announces Central Asia Discussion Plans As China-Central Asia Summit Is Scheduled For May

  Beijing is discussing a new format of interaction with Central Asia against the backdrop of Moscow’s increasing dependence on it. Chinese President Xi Jinping, in a congratulatory message to the various Central Asian leaders during the celebratory Navruz (New Year) holidays, stated that he would be glad to receive them on state visits to China[…..]
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  April 4, 2023 by Silk Road Briefing
  

  The Expansion of the International North-South Transport Corridor: Geopolitical Updates

  By Emil Avdaliani Russia and Iran are advancing the idea of the International North-South Transport Corridor (INSTC), a transportation route which despite some problems, is progressing and could reshape Eurasian connectivity.
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  April 4, 2023 by Silk Road Briefing
  

  Georgia, Uzbekistan, Prioritize the BTK Railway To Boost Trade

  Tbilisi and Tashkent are looking to expand bilateral trade to US$500 million. Georgia and Uzbekistan are looking to develop the Baku-Tbilisi–Kars (BTK) railway route by boosting transport and logistic cooperation, according to reports from the Uzbekistan Ministry of Investment, Industry, and Trade. The BTK route has been beset by problems and has been considered something[…..]
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  April 3, 2023 by Silk Road Briefing
  

  The Emergence Of A Massive Chinese Global Trade & Security Zone and The Rise Of The RMB Yuan Against The US Dollar

  Chris Devonshire-Ellis has been interviewed by the US based ‘Rethinking the Dollar’ on recent developments concerning the BRICS, and future of the position of the US dollar as the world’s reserve currency. This is particularly relevant given the rise of China’s RMB Yuan in international trade.
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  March 31, 2023 by Silk Road Briefing
  

  BRICS Looking At Basing Financial Reserves On A Basket Of Their Own Currencies

  Move will see US$162 billion of annual intra-BRICS trade settled in each other’s currencies as US dollar and Euro are dropped from use. The BRICS countries are working on establishing a new reserve currency to better serve their economic interests, Pavel Knyazev, the Russian ambassador to the BRICS, part of Russia’s Foreign Ministry has stated[…..]
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  March 31, 2023 by Silk Road Briefing
  

  Brazil & China Sign Agreement To Drop US Dollar And Use RMB Yuan – Real In Bilateral Trade

  US$150 billion in annual trade will now be settled in respective currencies Beijing and Brazil have signed an agreement on trade in mutual currencies, abandoning the US dollar as an intermediary, and are also planning to expand cooperation on food and minerals. The agreement will enable the two BRICS members to conduct their massive trade[…..]
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  March 30, 2023 by Silk Road Briefing
  

  The Relocation Of Western Companies In Russia To Kazakhstan

  Case studies and local Kazakh issues to be aware of      More than a year has passed since the beginning of the Ukraine conflict and the imposition of anti-Russian sanctions. But what many predicted, even anticipated – that Western companies would rush to Kazakhstan instead – did not happen. A year on, less than 100[…..]
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  March 29, 2023 by Silk Road Briefing
  

  Asian Concerns Over Looming Secondary Sanctions For Supplying Russia Raw Cotton

  An academic conflict is developing about which is the more globally important: Ukraine, or Asia. Central and South Asian countries are becoming concerned about sheer volume of sanctions the United States is placing on Russia as this is impacting their own manufacturing. One of the issues now appearing on the horizon is raw cotton, a significant[…..]
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  March 28, 2023 by Silk Road Briefing
  

  Iran Extending Its National Rail Network To Capitalize On The INSTC

  Iran plans to complete the construction of approximately 400 km of railway lines in the country for the current Iranian year (March 21, 2023 through March 19, 2024), according to Abbas Khatibi, the Deputy Director of the Construction and Development of Transportation Infrastructures Company (CDTIC).