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[…..]
EAEU Summit A Regional Precursor to August’s SCO & BRICS Meetings Following the meeting of the Eurasian Intergovernmental Council recently held in Sochi, 22 issues were considered and 14 documents were signed. Attendees included the Heads of Government of the Eurasian Economic Union (EAEU) countries: Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, the Heads of Government[…..]
Is the Beijing-Moscow bilateral dynamic heading for conflict or peace in their mutual backyards By Asials with additional commentary by Chris Devonshire-Ellis The Central Asia region is where Russia and China both collide in each other’s respective backyards with a varying pattern of both co-operating and competing. Recent Western media coverage has dressed this up[…..]
Turkmenistan, Uzbekistan and Tajikistan hold trilateral Heads of State connectivity summit By Chris Devonshire-Ellis Ashgabat, the capital of Turkmenistan, has been hosting the first Heads of State trilateral summit, including Turkmenistan President Serdar Berdimuhamedov, Tajikistan President Emomali Rahmon, and Uzbekistan’s Shavkat Mirziyoyev to discuss mutual transport connectivity issues that impact upon each of them. These[…..]
New immigration regulations offer foreigners ten-year residence visas for an investment of US$300,000 Kazakhstan will reduce the investment visa threshold for foreign investors, Tamara Duisenova, Kazakhstan’s Minister of Labor and Social Protection of the Population has said.
The Middle Corridor and the INSTC from the East Caucasus to Middle and East Asia look attractive investment opportunities The Middle Corridor and INSTC supply chains between the East Caucasus and the Middle and Far East are the focus of attention from the Asian Infrastructure Investment Bank (AIIB), according to Konstantin Limitovskiy, Vice President of[…..]
By Chris Devonshire-Ellis The Kazakhstan – China trade turnover has reached US$10.7 billion in the first five months of 2023, which is 21.6% more than a year earlier. The share of exports from Kazakhstan to China of Kazakhstan’s total amounted to 15.4%. Imports from China grew by 56.3% to US$5.9 billion. The share of China in the structure of the country’s imports amounted to 24.2%.