Belt & Road Weekly Investor Intelligence #96
Compiled By Chris Devonshire-Ellis
The West’s sanctions on Russia continue to impact supply chains, with East Asia replacing most of the previous EU-sourced imports. Elsewhere, movements to de-dollarize are increasing, while significant trade corridors and repositioning of bilateral trade volumes are taking place. We track the winners and losers in the latest week of the Great Sanctions Game.
East Asia, especially China, is taking up Russia’s EU import losses, although it will take some time to cover all the bases.
The Middle Corridor shows more impetus between Turkiye and Central Asian trade.
A long-awaited decision will allow better administrative and logistics planning between Turkmenistan, Russia and India.
Turkmennebit’s SOE is to purchase 2,309 tons of drilling pipes of various sizes from China’s King Ease company. Türkmennebit is the national oil company of Turkmenistan, with its headquarters in Ashgabat.
Russia’s republics are making their own moves to reach out to new markets.
An aviation industry game-changer as four significant powers turn away from Airbus and Boeing.
Kish Island is the Middle Easts third most visited destination. We explain why.
More use of national currencies as the use of the US dollar declines due to sanctions.
The US dollar is now only used in 21% of all intra-EAEU financial settlements.
Tying in with our top article, Vladivostok is re-energized as East Asian imports supplant those from the West.
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