The recent bilateral meeting between Kazakh and Xinjiang authorities substantiated the collaborative commitment between Astana and Beijing, highlighting the pivotal role that the Xinjiang Uyghur Autonomous Region (XUAR) may assume in bolstering regional connectivity and facilitating the realisation of the Belt and Road Initiative.
In a strategic move amid shifting geopolitical dynamics, Kyrgyzstan and Iran are attempting to expand their trade and economic ties, driven by Bishkek’s pursuit of alternative transit routes and access to Iranian oil products, and Tehran’s strategic outreach towards the Central Asian republics considering Western sanctions and recent developments in the Eurasian region.
SpecialEurasia discussed with Alexandr Sharov, General Director of the transport company LLC Neftekhimtrans, Group of companies Rusiranexpo, the current geopolitical significance of the INSTC and possible future developments and impact in the Eurasian strategic chessboard.
Iran and Dagestan have increased their trade exchange through the Makhachkala Commercial Port, where the Kremlin has invested financial funds to transform this infrastructure into a logistic hub in the Caspian Sea, which might undermine the role of the close port of Baku in Azerbaijan.
Due to the Ukraine conflict and the following Western sanctions, Russia and Belarus have increased their economic and trade cooperation by increasing joint projects in different fields.
Kyrgyzstan and Italy recently celebrated the 30th anniversary of establishing diplomatic relations. Recent official meetings between Italian and Kyrgyz political and business representatives underlined Italy’s interest in deepening cooperation with central Asian markets.
While the Western world is increasingly moving away from Russian exports, Moscow and Tehran are taking measures to intensify trade and economic cooperation, as evidenced by intensive negotiations between the parties.
Russia and Azerbaijan discussed the “Green Corridor” project, which might become an alternative trade route to counter Western sanctions and strengthen Moscow-Baku relations in the Caucasus and the Caspian Sea region.
The opening of the first Chinese consulate in Iran, in the port city of Bandar Abbas, will boost Beijing’s investments on the Iranian coast of the Gulf of Oman. Beijing aims to establish several Chinese companies in the Makran region and connect Iranian ports to its Belt and Road Initiative.
Since Kazakhstan and Bashkortostan have increased their economic partnership and trade volume, Ufa might significantly promote and strengthen Moscow-Nursultan relations.
The meeting between the Iranian Foreign Affairs Minister Amir Abdollahian and his Russian counterpart Sergey Lavrov highlights that Iran seeks to strengthen its cooperation with Russia to support its new foreign policy based on regional cooperation and commercial trade.
Tehran’s attempt to become a member of the Eurasian Economic Union aims to enhance its trade partners and contrast the economic problems caused by the U.S. sanctions.