A trilogy of corruption and bribery cases centered around Uzbekistan's telecommunications market have reverberated through international courts, highlighting just how severe the global risks can be of deciding to pay off politically connected elites in even the most closed and far-off countries.
A flurry of recent diplomatic activity highlights the multilateral and multi-stakeholder footing of Eurasia's North-South trade and transport initiatives. While significant economic and political challenges remain, they retain the potential to transform Eurasia's economic landscape.
Browse our analysis section for news and articles on topics such as China's Belt and Road Initiative (OBOR), the Competing Visions of Japan, India, and other regional powers, and the stakes for U.S. policy.
U.S. Secretary of State Mike Pompeo promised "a million dollars of assistance to increase trade and connectivity between Uzbekistan and Afghanistan," during a visit to Tashkent, Uzbekistan. Meanwhile, China's presence in Central Asia is growing, in part due to heavy investment in the region's infrastructure development through its Belt and Road Initiative, Nikkei reports.
President of Uzbekistan Shavkat Mirziyoyev is looking to carry out projects with Japan worth over $6 billion to establish closer bilateral relations in areas such as power generation and agriculture, Nikkei reports.
At risk of granting China valuable concessions to ease their debt burdens, Central Asian countries seek to bolster relations with China and secure a piece of the Belt and Road Initiative, according to the Nikkei Asian Review.
China's regionwide infrastructure drive is proving to be a game changer in the grain trade.