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ID: 138216

Taming the dragon / Gabuyev, Alexander

Gabuyev, Alexander	Article
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Summary/Abstract

Russia has for several years been blocking the creation of a Development Bank of the Shanghai Cooperation Organization (SCO) in a bid to softly restrain Chinas financial expansion to Central Asia. Meanwhile, Chinas financial presence in the region is growing for natural reasons, but because of Moscow's policy this is happening in a way that is most disadvantageous for Russia. Central Asian countries borrow money directly from Beijing on its terms. As a result, Chinas credit expansion is not only beyond Russia's control but it is also completely obscured from it. In addition, Moscow's partners are increasingly dissatisfied with its policy that prevents them from borrowing money on more favorable terms and at lower risks.

Key Words

Central Asia ; Russia ; Shanghai Cooperation Organization ; SCO ; Chinese Economy ; US ;
Taming the Dragon ; Chinas Financial Ambitions

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ID: 136132

Troublesome partnership / Gabuyev, Alexander

Gabuyev, Alexander	Article
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Fettered by Western sanctions, major Russian companies are looking for new opportunities in East Asia, pinning most of their hopes on China. And yet, private businesses and top managers of state-run companies are talking about numerous problems and risks.

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