Latest Articles about Economic Diplomacy
Biden’s LNG Decision Sparks Hope for Russia’s Energy Industry
Executive Summary: The Biden administration's temporary pause on constructing new liquefied natural gas (LNG) export terminals has prompted Russian optimism about boosting its global LNG exports and exploiting internal divisions in the United States. Some Russian experts foresee opportunities in the potential for decreased US... MORE
Russia Fails to Convert Economic Ties Into Political Influence in North Africa
Executive Summary: Russian Foreign Minister Sergei Lavrov’s recent tour of North Africa focused on maintaining economic ties while seeking to expand the Kremlin’s political influence in the region. The Kremlin has been successful in expanding trade ties with Morocco and Tunisia by exploiting both countries’... MORE
A Greater Bay Area: China’s Initiative To Build A New Silicon Valley
Executive Summary The GBA, covering 56,000 square kilometers with 70 million people, aims to become a globally renowned economic and technological hub, comparable to bay areas like San Francisco, Tokyo, and New York. Its economic output surpasses 13 trillion RMB ($1.8 trillion) by 2022, exceeding... MORE
Kazakhstan Removes Taliban from Terrorist List Amid Growing Ties with Central Asia
Executive Summary: Kazakhstan recently removed the Taliban from its list of banned terrorist organizations, signifying a shift in Central Asia’s engagement with Kabul. The Central Asian states, particularly Kazakhstan and Uzbekistan, have expanded their cooperation with the Taliban on trade, transit, and energy matters. Astana... MORE
Western Sanctions Challenge and Restrict Ruble-Rial Trade Between Iran and Russia
On December 25, 2023, during the Supreme Eurasian Economic Council summit in St. Petersburg, the Russian-dominated Eurasian Economic Union (EAEU) and Iran inked an extensive free-trade agreement (FTA). Representatives from Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Iran, and Chairman of the Eurasian Economic Commission Board Mikhail... MORE
Significant Economic Reliance on Russia Stunts Armenia’s Integration With West
On December 11, during the EU Eastern Partnership ministerial meeting, Armenian Foreign Minister Ararat Mirzoyan welcomed the European Council’s decision to grant candidate status to Georgia and initiate membership talks with Moldova and Ukraine. Mirzoyan emphasized that Yerevan is aligned with the idea of closer... MORE
US Sanctions Hamper Russia’s LNG Strategy in the Arctic
In late December 2023, foreign investors for Russia’s Arctic LNG-2 project voiced their intentions to pull out from the initiative (Kommersant.ru, December 25, 2023). The development project on the Gydan Peninsula was designed to transform Russia into a central global exporter of liquid natural gas... MORE
China and Nicaragua’s Deepening Embrace
In October 2023, Nicaragua signed an agreement with China’s CAMC Engineering Company (中工国际工程) for the reconstruction, expansion, and upgrading of the Punta Huete International Airport (Yicai, October 18). The company is a subsidiary of the conglomerate China National Machinery Industry Corporation (国际集团), also known as... MORE
Challenges For Beijing’s Digital Renminbi Ambitions
Arriving in the midst of an intensifying great power competition between China and the United States, the digital Renminbi (RMB) has been the subject of intense speculation and hype since its launch in October 2020, mostly from observers outside of China who overstate its potential... MORE
Money Alone Is Not Enough: The Future Of The China-Argentina Relationship
Observers assessed the outcome of the first round of Argentina’s presidential elections held on October 22 as good news for the Chinese government (VOA, October 26). Against the odds, Sergio Massa, the Peronist candidate and current minister of economy, emerged on top, despite his overseeing... MORE