Putin's Strategy to Enhance Russian Trade with Asia and the Middle East
How Vladimir Putin hopes to transform Russian trade đź”—
Vladimir Putin aims to reshape Russian trade by focusing on partnerships with China and India as the country seeks to thrive economically while facing isolation from the West due to the ongoing war in Ukraine. With over $200 billion already spent on military efforts, he plans to invest $70 billion in infrastructure over the next decade, enhancing transport routes to strengthen ties with Asian and Middle Eastern trade partners. The primary focus will be on Russia's far east and northern regions, with additional investments in the International North-South Transport Corridor to facilitate trade with the Indian Ocean.
What is Putin's plan for Russian trade?
Putin plans to invest $70 billion in infrastructure to develop transport routes connecting Russia with trade partners in Asia and the Middle East.
How much has Russia spent on the war in Ukraine?
According to the U.S. Department of Defense, Russia has spent over $200 billion, which is about 10% of its GDP, on the invasion of Ukraine.
Which regions will receive the most investment for trade infrastructure?
The majority of the investment will go to Russia's far east and high north regions.