But the process of reorientation of Russia’s economic ties toward the East was accelerated during the crisis in 2015.
The weak ruble and the large amount of formal and informal technological sanctions against Russian industry make it now possible to develop industrial cooperation between the two countries on a new level. The author considers that it would make sense to build a new industrial cooperation system based on the strengths of both countries’ industrial potential. Consequently, any industrial integration policy should be secured in a joint document similar to the confluence declaration, uniting the Eurasian Economic Union with China’s Silk Road Economic Belt project.
About the author:
Vasily Kashin, Senior Research Fellow, the Center for Comprehensive European and International Studies, National Research University Higher School of Economics; Senior Researcher, the Institute of Far Eastern Studies, Russian Academy of Sciences, Russia.