... and Singapore, and Bank Indonesia aims to
expand
it to non-ASEAN partners such as South Korea, the UAE, Japan and India.
Indonesia’s proactive efforts to put in place an alternative financial architecture opens avenues for joint cooperation with Russia and, in the longer term, with the EAEU. This could involve signing a memorandum of understanding between the countries’ central banks to use national currencies in settling trade through the
LCT
mechanism and/or integrating Russia into
QRIS
. A more complex approach would be to synchronize ...
... discussions on developing preferential trade cooperation within the EAEU several years ago. In 2020, a joint research group was formed to assess the possible effects of trade liberalization and explore ways to deepen trade and economic relations between the EAEU and Mongolia. At the 25th meeting of the Russia–Mongolia Intergovernmental Commission on Economic, Scientific and Technological Cooperation, held in October 2023 in Ulaanbaatar, the parties agreed to advance the development of the interim agreement. After six months of close consultations,...
... the question of core participants, Russia seems to take a more inclusive approach compared to India. In Vladimir Putin’s view, the new Eurasian (not even Asian) system should start with a dialogue between already existing organizations, such as the Russia-Belarus Union State, the Collective Security Treaty Organization (CSTO), the Eurasian Economic Union (EAEU), the Commonwealth of Independent States (CIS), and the Shanghai Cooperation Organization (SCO). Furthermore, other influential Eurasian associations from Southeast Asia to the Middle East should join this multilateral arrangement. One can mention ...
... understanding at the bilateral level. Since 2015, Russia and China have not formed a common vision of the idea of a Greater Eurasian Partnership put forward by Russia, just as they have not found a model for the confluence of two national initiatives—the EAEU and the Belt and Road.
Establishing communication in Russian-Chinese relations via the Shanghai Cooperation Organisation space in order to maintain constructive, rather than competitive interaction between members does not imply the development of universal ideologies. This is not only impossible, but also ...
On May 14, 2024, the Russian International Affairs Council (RIAC) and the European Studies Institute (ESI) at MGIMO University held a conference themed “One Decade Since Signing the EAEU Treaty: Preliminary Results of Creating Common Markets and Paths to Deeper Integration.”
On May 14, 2024, the Russian International Affairs Council (RIAC) and the European Studies Institute (ESI) at MGIMO University held a conference themed “One Decade Since Signing the EAEU Treaty: Preliminary Results of Creating Common Markets and Paths to Deeper Integration....
... the approaches of the two nations to the new realities?
First, thanks to the strength of economic ties, Armenia remains in the sphere of Russian influence, no matter how much Paris, Brussels and Washington beckon to it. Armenia’s membership in the EAEU provides an open market in Russia for Armenian goods, capital and, crucially, its labor (every seventh adult citizen of Armenia earns a living in Russia), so this serves as a guarantee of strong relations between the two nations. Neither the EU nor the U.S. will provide a market ...
Working Paper No. 83 / 2024
Working Paper No. 83 / 2024
The following working paper presents the results of foreign economic activity of the Eurasian Economic Union (EAEU) following its establishment. The author carefully analyzes free trade zone agreements (FTZs) as a key tool for developing the Union’s foreign economic relations. Additionally, the author assesses the effectiveness of existing EAEU FTZ agreements ...
... parties, as New Delhi is now preparing to become an observer country of the EAEU in 2024. In this context, Armenia is perceived as a natural extension of the economic union capable of linking the EAEU and India.
Third, India's arms supply to Armenia, Russia's only CSTO and EAEU ally in the region, strengthens Yerevan's military capabilities. This, in turn, helps level out the balance of power in the South Caucasus, reducing the risk of a new escalation, which is in line with Moscow's interests. Given Russia's inability ...
An important task for the future for Russia is to sync the EAEU and the BRI, developing a roadmap and pointing to projects that could demonstrate its concrete content
In the 10 years since Chinese President Xi Jinping proposed the Silk Road Economic Belt and the 21
st
Century Maritime Silk Road in 2013, which ...
Report No. 84 / 2023
Report No. 84 / 2023
The following report analyzes Eurasian integration processes within the Eurasian Economic Union (EAEU) and the progress it has achieved in light of new geopolitical realities. This is a comprehensive study that reviews the EAEU’s current integration results, economic achievements, as well as long-term objectives. The report covers both the EAEU’s ...
