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  April 11, 2023 by Silk Road Briefing
  

  Egypt’s Membership Of BRICS: Opportunities and Prospects

  By Farzad Ramezani Bonesh After the creation of the BRIC term in the early 2000s (the economies of Brazil, Russia, India and China), the first meeting of the RIC group (Russia, India and China) was held in 2005 in St. Petersburg.
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  April 11, 2023 by Silk Road Briefing
  

  EAEU Tracking Transportation Agreement Comes Into Force

  On April 3, 2023, the Agreement on the Application of Navigation Seals in the Eurasian Economic Union (EAEU) for Tracking Transportation, signed by the Heads of Member States on April 19, 2022 in Moscow, came into force. The internal procedures necessary for the entry into force of the Agreement have been completed in all EAEU[…..]
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  April 10, 2023 by Silk Road Briefing
  

  Eurasian Economic Union Discusses Launch of Digital Currencies in EAEU Financial Markets

  An EAEU digital currency agreement would impact China and South East Asian trade At a meeting of the Eurasian Economic Advisory Committee on Financial Markets of the EAEU bloc in Moscow, chaired by Bakytzhan Sagintayev, Ministers discussed the issues of harmonizing legislation in the financial sector.
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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[…..]