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Russia–Ukraine crisis: China’s Belt Road Initiative at the crossroads

Mendez, Alvaro ORCID: 0000-0002-0919-5081, Forcadell, Francisco Javier and Horiachko, Kateryna (2022) Russia–Ukraine crisis: China’s Belt Road Initiative at the crossroads. Asian Business & Management, 21 (4). 488 - 496. ISSN 1472-4782

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Identification Number: 10.1057/s41291-022-00195-1

Abstract

China’s Belt Road Initiative (BRI) is an ambitious programme to connect Asia with Europe, Africa, and Latin America via transport networks on land and sea in hopes of advancing economic integration, increasing trade, and stimulating growth. Ukraine occupies a strategic location in the BRI, near the intersection of Europe and Asia, rendering it a potential “gateway to Europe.” Russia’s invasion of Ukraine is having a disruptive effect and poses numerous challenges for the Initiative, as it has affected some of the pillars and overall goals of the BRI. As it stands, however, infrastructure connectivity is being set back by three developments: fewer funding options, less international cooperation, and geopolitical shocks. Second, unimpeded trade via the BRI is being affected as the war causes disruptions to global value chains, weakens free trade, and sharpens food and energy insecurity. But where there are risks, there are also potential favourable circumstances for the BRI, including opportunities for China to get involved in the reconstruction of a war-ravaged Ukraine.

Item Type: Article
Official URL: https://www.palgrave.com/gp/journal/41291
Additional Information: © 2022 Springer Nature Limited
Divisions: International Relations
Subjects: H Social Sciences > HE Transportation and Communications
J Political Science > JZ International relations
Date Deposited: 17 Aug 2022 13:51
Last Modified: 08 Apr 2024 02:57
URI: http://eprints.lse.ac.uk/id/eprint/116010

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