China prepares Tajikistan for a flurry of pipeline related investment   China’s Vice Premier, He Lifeng, has been discussing with his counterpart Rustam Emomali of Tajikistan an acceleration of the Line “D” construction of the Turkmenistan-Uzbekistan-Tajikistan-Kyrgyzstan-China gas pipeline. Emomali is also responsible for Tajikistan’s State power and is on an official visit to China to deal[…..]
A BRICS currency is on the longer-term agenda, but not until certain development points have been passed. This article explains the route. By Chris Devonshire-Ellis Discussions concerning a common BRICS currency are not on the agenda during the current BRICS 2023 summit currently taking place in Johannesburg, however a name from the currency has apparently[…..]
New members expected to include Asian nations as BRICS policy bank expands The BRICS New Development Bank (NDB) is currently considering applications for membership from nearly 15 countries, head of the multinational lender Dilma Rousseff said yesterday (August 22).
With the 2023 BRICS summit beginning on August 22, we provide an economic breakdown of all BRICS members and their respective trade with one other    By Chris Devonshire-Ellis and Farzad Ramezani Bonesh The BRICS 2023 summit starts in Johannesburg, South Africa tomorrow (Tuesday, August 22) with the Heads of State of Brazil, China, India,[…..]
Auto sales are now rebounding after months of decline  The Avtotor plant in Russia’s Kaliningrad has begun manufacturing Chinese commercial JMC vehicles, the company announced last week. Three models of the Chinese brand JMC have entered production at the plant, which previously assembled German BMW and South Korean Hyundai and Kia cars. JMC are[…..]
The advent of Sovereign Digital Currencies has left the West behind and will accelerate BRICS+ trade  By Chris Devonshire-Ellis A little-noticed element of the West’s sanctions upon countries such as Russia and Iran has been how technological development invariably speeds up during times of acute stress, and especially wars. In fact, the Russia-Ukraine conflict,[…..]
Theories are in short supply as to what the meeting achieved, but there are emerging pointers By Chris Devonshire-Ellis There has been very little commentary about the outcomes of the Ukrainian Peace Summit organised by Saudi Arabia earlier this month. Senior officials from about 40 countries – but not Russia – met in Jeddah in[…..]
The BRICS New Development Bank (NDB) completed the auction for its first South African rand bonds on Tuesday (August 15) as it boosts its local currency fundraising and lending.
Preparations have begun to introduce Digital Currencies into sovereign use The demand for online solutions in the Eurasian economy has significantly increased, reducing the use of cash and accelerating the formation of a regional digital economy that will have impact beyond the Eurasian Economic Union’s (EAEU) borders. This trend is relevant for the countries of[…..]
Comparing the two main East-West Rail Transportation Arteries In the context of sanctions pressures and the minimisation of contacts with Europe, the eastern focus of Russian transportation and logistics policy is becoming increasingly more significant across the Eurasian continent. The development of the economic and transport interconnectivity of Eurasia is one of the important tasks[…..]