Archives Economics - Page 13 of 24 - New Eastern Outlook

Russia and India are moving forward, exploring the adoption of a native BRICS currency. The move has garnered keen interest from Western interest, but so far, no key media has reported. A story in Middle East Economy a few days ago tells us Russia and India have joined forces to expand the influence of the BRICS alliance through digital economy initiatives. For the Western alliance, Russia/India dealings are really only the tip of a humongous iceberg. Some experts say and isolated America is right around the corner.

On December 21, 2023, Kazakhstan’s Prime Minister Alikhan Smailov gave the go-ahead for the construction of the new Bakhty-Ayagoz railway line in the Abay region. The project aims to construct a 272-kilometer double-track railway that will extend to the border of Kazakhstan and the PRC. The new line is expected to become operational in 2027. Currently, there are two rail border crossings with developed freight terminals on the Sino-Kazakh border: Khorgos and Dostyk-Alashankou. Almost 50% of all cargo transported along the China-Europe route passes through these border crossings…

French head of state Emmanuel Macron visited India the other day. He was the chief guest of the celebrations in Delhi on the occasion of the 75th anniversary of the Republic of India, proclaimed on 26 January 1950 with the adoption of the Constitution. Traditionally, on this significant day, large-scale military parades and colourful civilian demonstrations are held in the capital and other major cities of the country. Every year the Indian leadership invites a high guest of honour to celebrate the Republic Day. Initially it was planned that US President Joseph Biden would come to Delhi, but he, citing his busy schedule, could not come and then the Indians…