Russian Turn to East on the Back of the New Anti-Russian Sanctions

Abstract

It has been three years since the impose of anti-Russian sanctions and claimed turn to the East. It is possible to sum up some results of this politics already. Top-priority in such circumstances is China, world’s second large economy; Russian-Chinese relations “are now the best ever”. Leaders of both countries have focused on the importance of maintaining strategic partnership multiple times. While Russia turned to The East, China also chose turn to the West by declaring global “One belt — One road” initiative for development of worldwide transport and investment infrastructure in Eurasia. Moscow is the partnership of the Initiative. It was decided to cooperate in frames of Eurasian Economic Union (EAEU) and Silk Road Economic Belt. However, such a high level of political communication cannot guarantee the same results in bilateral trade and economic relations. Main projects, which were agreed with the involvement of the top-officials, are in progress. Businessmen mostly have to handle with all the problems to enter new Chinese market by themselves. In addition, despite all the efforts Russia is still not developing the same good connection with other Asian countries, except Japan, South Korea and Vietnam.