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Vladimir Putin
Opinion

Can Russia’s own ‘belt and road’ project make a big impact?

Anton Tsvetov says Moscow’s reasons for rolling out the Greater Eurasian Partnership aren’t hard to understand, given today’s great power competition. But its inexperience may undermine its ambition

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Russian President Vladimir Putin and Moscow mayor Sergei Sobyanin examine a new landscape park in front of the Kremlin, on September 9. Whether Russia’s Greater Eurasian initiative will succeed will depend on Moscow’s ability to talk to players in Asia in the language of economic benefits and strategic vision. Photo: EPA-EFE
Anton Tsvetov
Even though the Trans-Pacific Partnership (TPP) is in limbo, large-scale economic projects remain the latest trend in geo-economic competition among great powers. Central, South and East Asia seem to be in the focus of such schemes, from China’s “belt and road” to South Korea’s Eurasia Initiative. Russia has rolled out a mega project of its own – the “Greater Eurasian Partnership”.

The project has so far remained largely unnoticed, but those who do speak or write about it tend to fall into two categories. Some dismiss it as a neo-imperial idea, empty of substance and meant merely to bolster Russia’s great power image. Others – mostly Kremlin-inspired pundits – see it as Russia’s new civilisational project of the century, bound to propel it towards leadership in all Eurasia.

Both visions are equally wrong. The Greater Eurasian Partnership is not void of substance; it actually has some precise economic content – surprisingly so, given the general incoherence of Russia’s Asia policy. At the same time, it is meant to produce a decent public relations effect, regardless of the actual success, which may come in handy since implementing the initiative in full will be an extremely challenging task.

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The Greater Eurasian Partnership is now regularly mentioned by President Vladimir Putin, Deputy Prime Minister Igor Shuvalov, who’s in charge of Russia’s economic relations with Asia, as well as various economic ministry officials. The initiative has been in the making for about two years before coming into notice in May, when Putin added the latest touch to it at the Belt and Road Forum in Beijing.

Putin hopes belt and road plan can boost cooperation in Eurasia

Beijing’s new Silk Road may extend to Moscow-led Eurasian union

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