Rethinking Economic Potential of the Caspian Region: Case of Transport

Inna Vitalevna Andronova and Egor Vadimovich Pak
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Inna Vitalevna Andronova: RUDN University, Moscow, Russia
Egor Vadimovich Pak: MGIMO University, Moscow, Russia

Russian Foreign Economic Journal, 2022, issue 9, 94-106

Abstract: The paper critically captures ideals and realities of turning the Caspian region into an emerging global trade centre and, consequently, a promising transport hub within the International North- South Transport Corridor given the redirection of Russia’s foreign trade flows under the sanctions imposed by the West. Thus, creation of a designed “Caspian Consortium for Development” might be a good tool for a complex and inclusive utilization of economic potential of the basin. As of today, transport and logistics dimension of this initiative looks one of the most burning. However, a bundle of related chronicle problems of the region lasting from early 2000s requires revised approaches and mutual concessions both at interstate and corporate levels.

Keywords: Caspian region; Caspian Sea; international transport corridor; economic sanctions; foreign trade of Russia (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2022_09_94-106

DOI: 10.24412/2072-8042-2022-9-94-106

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