GLOBAL PERSPECTIVES
In Russia's Pivot to Asia, Economic Attraction Lags Hard Power
Sep 12, 2019 | 09:00 GMT
(Xinhua/Song Fulai via Getty Images)
Highlights
- For more than a decade, Russia has taken a number of steps to develop trade and investment in its Far East and establish closer economic ties with Asia.
- Despite dramatically higher stakes in Asia for Moscow, Russia so far has largely failed to turn its Far East into a magnet for foreign businesses and the region remains dependent on Moscow and state-affiliated companies.
- India has long been interested in Russia's Far East, despite its geographic distance from the region, where it could counterbalance China.
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