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STEPANOV, NIKITA (2) answer(s).
 
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ID:   172613


Belt and Road 2.0 Initiative and Russia / Heifetz, Boris ; Stepanov, Nikita   Journal Article
HEIFETZ, Boris Journal Article
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Summary/Abstract This article analyzes the six-year period of implementation of the global Chinese project One Belt, One Road (OBOR), or the Belt and Road Initiative (BRI). Its positive aspects are highlighted: expanding the number of participants and their areas of interaction, creating a powerful financial base, creating new transborder transportation routes, increasing trade and investment among the countries participating in the project. Problems have been identified, including the lack of transparency of OBOR projects, insufficient consideration of national interests and local needs of China's partners, increasing their geopolitical risks, and the "debt trap" of Chinese loans. Possible ways of deepening the Russian-Chinese interaction at the new stage of BRI 2.0 development are proposed.
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2
ID:   192505


Expediency of Creating a Supranational Currency Within the SCO and BRICS Under the Impact of Trade and Sanctions Restrictions / Stepanov, Nikita   Journal Article
Stepanov, Nikita Journal Article
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Summary/Abstract The research in this paper substantiates the significance and potential of SCO and BRICS member states as groups of countries; determines the conditions for creating a supranational currency within the SCO and BRICS under the influence of trade and sanctions restrictions; and formulates the advantages and disadvantages in several areas of the transformation of the global financial system. The BRICS countries account for more than 40% of the world's population and almost 30% of global GDP, and have great potential in all areas of economic activity. At the same time, the dominance of the US dollar allows the US economy to influence the world through America's monetary policy and strengthens America's position in the global economy.
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