Conjugulation of the economic union and the initiative 'one belt, one road': concerns and perspectives

 
PIIS032150750000500-2-1
DOI10.31857/S032150750000500-2
Publication type Article
Status Published
Authors
Occupation: PhD (History), Associate Professor, Division of Oriental Studies; Head, Division of the Chinese language
Affiliation: Siberian Institute of International Relations and Regional Studies
Address: Russian Federation, 630075, Novosibirsk, Narodnaya Str., 14
Affiliation: Novosibirsk State University
Address: Russian Federation, 630090, Novosibirsk, Pirogova Str., 1
Journal nameAsia and Africa Today
EditionIssue 8
Pages7-14
Abstract

The present paper analyzes the concerns over two projects conjugation: Economic Union (EAEU) and the initiative of the People’s Republic of China “One Belt, One Road”. Central Asia is the key region historically considered by Russia and China as area of their interests and both countries have always been trying to integrate it into their range. Economic as well as political views in the region of both countries have been overviewed. Russia following its “turn of policy to the East” as well as due to US and EU sanctions abandoned the negative scenario of the Chinese initiative “One Belt, One Road” “containment”. Cooperation is being planned in several formats: “soft” and “hard” infrastructure or through the creation of “the free trade zone”. However China is more interested in the development of bilateral relations with separate members of the Eurasian Economic Union (Kazakhstan) investing and granting credits (for many countries China is their leading investor and partner). The creation of the unified economic area and the free trade zone is becoming the alternative of the “One Belt, One Road” project for Russia and it also helps in preserving its influence in Central Asia. Nowadays SCO is the only platform for such conjugation, where the integration methods have already been tested, and Russia, PRC and countries of Central Asia are its members. PRC as well as Russia are interested in stability in the region that is why the cooperation through strengthening antiterrorist interrelationship between China, Russia and other countries is highly possible in the framework of SCO.

KeywordsEconomic Belt of the Silk Road, OBOR, SCO, Economic Union, Central Asia, Conjugation, Free Trade Zone, «Silk Road on Ice»
Received09.10.2018
Publication date14.10.2018
Number of characters36871
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