The last week of September was eventful for Russia. The partial-mobilisation was underway, the referendum of Russian-speaking regions in Ukraine took place, President Putin made a significant speech and the Nord Stream pipelines were damaged. Amit Bhandari, Energy Fellow, Gateway House, was in Moscow during this time. In this podcast, he offers his impressions of Moscow after the sanctions, compared with the city he saw before the Russia-Ukraine conflict
Russia, the founding member of the Shanghai Cooperation Organisation (SCO), has been hit by Western sanctions on its energy exports and financial system. Still, Ivan Timofeev, Director of Programs at the Russian International Affairs Council, sees new opportunities to be seized. Deepening India-Russia business engagement is one, and the SCO as a constructive and accommodating force is another. K.A. Dhananjay from Gateway House spoke to Timofeev who visited Mumbai recently.
Courtesy: Chamber of Commerce and Industry of the Russian Federation
An estimated 9 million Central Asians reside and work in Russia, and almost every major city in the country is dependent on their labour. It’s a marriage of convenience but beneficial all around. Russia gets modernised infrastructure, while remittances bring in much-needed capital to Central Asia.
Since 1947, India has had a proud record of development cooperation. It began even though it was newly independent and itself developing, but created a camaraderie with movements in other emerging countries. Now after 75 years, its time to move toward an FDI-led model, which will particularly help reduce the rising indebtedness in the developing world.
Hailed as historic, the new global rules to curb harmful fishing subsidies is a step towards sustainable fishery practices. The negotiated deal, however, is fraught with concerns over overcapacity in fisheries, deep-sea fishing legislations, and blue finance. It may be better for developing countries to formulate their own regulations and set up mechanisms to prevent illegal fishing within their territorial waters – and hold the WTO agreement to its word.
India hosted a summit with five Central Asian states on January 27, marking 30 years of diplomatic relations with the region, and an important step forward to pursue greater connectivity between India and Central Asia. New Delhi's engagement holds promise for ambitious bilateral agendas including security in Afghanistan, the revival of dormant projects, and potential collaboration in renewable energy, space and information technology.
India will host the 19th meeting of the Council of Heads of Government on 30 November 2020. This will be the first meeting of the grouping’s second highest organ, hosted by India. The significance of the event lies in the timing – India’s relations with two fellow memberstates, China and Pakistan, are at an exceptionally low ebb; yet the clear message from the SCO Secretariat and other member-states is: India’s presence in the SCO is highly beneficial to the latter and should be fully leveraged to strengthen it as an important and
upcoming intergovernmental organisation. This necessitates a fresh appraisal of options for India.
Prime Minister Narendra Modi’s recent visit to Central Asia is an important moment for Indian business to increase its presence in the region. Before doing so, it must consider the region’s geopolitical and security challenges—but once past these hurdles, the region has many investment opportunities
India will do well to expand its positive and trust-laden cooperation with Russia in commerce, technology, and education, into a broader regional one, and establish a more meaningful presence in Central Asia. This will also assist in the future acquisition of energy resources in the region.