The data is significant as it reflects growing destinations to Europe from Central Asian trade The total trade volume between Turkmenistan and Azerbaijan reached US$305.5 million from January through to September 2022, which is 6.2 times an increase from US$48.6 million in the same period of 2021, according to statistics from Azerbaijan’s Customs Committee. The two[…..]
Proposed route will link Russia and China by toll highway in what would be China’s largest BRI investment into Russia. By Chris Devonshire-Ellis Meridian-CC7, a joint venture formed between Russia’s JSC RHC, and China’s National Chemical Engineering and Construction Company CC7 (a subsidiary of China National Chemical Engineering Group Corporation), is preparing a[…..]
All the latest international news, analysis and opinion from the BRI Compiled By Chris Devonshire-Ellis Analysis & Opinion Europe and the US Must Compete with China (Politico) BRI Comes Under G7’s Scope (Greek City Times) US Chip Sanctions on China: Analysis and Implications (China Briefing) New Era of China’s Belt and Road Initiative Will See[…..]
Growth in transit volumes between Europe and China via Khorgos Vadim Zakharenko, Kazakhstan’s Director to the European International Road Transport Union (IRU) and said that given the current geopolitical situation, Kazakhstan now plays an even more important role in connecting Asia, and especially China. He noted that trade routes have shifted from the north to[…..]
IPGL Accused Of Providing Just 3% Of Total Chabahar Trade Throughput Iran’s Secretary of the Shipping Association of Iran, Masoud Polmeh has expressed disappointment in the share of the Indian operators performance concerning Iran’s cargo transit via Chabahar Port.
Investment opportunities exist where trade capital is accessible By Chris Devonshire-Ellis A marker as to how local economies are developing and opening up is the use of individual bank cards and the corresponding ATM network. In this regard, Turkmenistan is an emerging market, albeit still with some way to go.
Iran has proposed the creation of a common economic area for countries bordering the Caspian Sea. Speaking at the Second Caspian Sea Forum held in Moscow last week, Iranian First Vice President Mohammad Mokhber also suggested introducing simplified customs procedures known as a “green corridor” in the region.
The Caspian Sea has a vital strategic position in Eurasia, supplying 20% of global oil and 26% of global gas supplies By Chris Devonshire-Ellis Moscow has been hosting the second Caspian Economic Forum in Moscow from 5 to 6 October, being an important platform for discussing cooperation between the countries of the Caspian region. These[…..]
All the latest international news, analysis and opinion from the BRI Compiled By Chris Devonshire-Ellis Analysis & Opinion The Complex Dance Around China’s Overseas Projects (New Security Beat) Crafting Transatlantic Responses to BRI (CNAS) China Releases First Guidelines for Cross-Border Data Transfer Application (China Briefing) The Pursuit of Alliances: The SCO and China’s Central Asia[…..]
China’s drive to de-dollarization, and the emergence of the RMB Yuan as a global reserve currency has increased. China’s RMB settlements with Belt and Road countries stood at 5.42 trillion yuan (US$763.4 billion) in 2021, up 19.6% year on year, according to the People’s Bank of China.