Sanctions and New Opportunities for Central Asia

Description

The EU has already adopted nine packages on sanctions to respond to Russia’s aggression against Ukraine. Sanctions have two-fold approach  economic sanctions and individual restrictions. Nevertheless, Central Asia (CA) historically has very close relationship with Central Asian region and therefore the region is subject to consequences of sanctions, although the short -term impact is on a more smaller scale as experts were predicting at the beginning of Russia’s invasion in Ukraine. For example, GDP of Central Asian countries has continued to augment in 2022 and economic growth has positive tendencies. The increase of global commodity prices, as energy and metal has positively impacted CA economic growth. The study will assess the purpose of the sanctions is to the achieve policy change of a state which is causing threat to international peace and security, in this particular case – Russia. The EU closely coordinates its sanctions policy with its international partners to maximise its impact of  and to limit Russia’s ability for financing its war against Ukraine. The imposed sanctions  have direct impact not only on Russia's economy and economic leadership, but also have indirect consequences for those countries with which Russia has close economic and trade relations. While it is problematic to predict the sanctions long – term impact, CA governments should therefore invest in resilience building and seek for new economic partners. The decline of Russia’s influence in Central Asia also opens up opportunities for diversifying its economy and creating closer links with other countries in the region – China, Afghanistan and Pakistan. The EU should accelerate its reach out to the CA by supporting the regions resilience building and economic growth. The EU Global Gateway initiative provides connectivity between the EU and CA by putting emphasis on digital, transport connectivity and growth of human capital. .                                          ".". ".". "."

Period	29 Mar 2023
Event title	RSU Research week 2023: PLACES
Event type	Conference
Conference number	3
Organiser	Rīga Stradiņš University
Location	Rīga, LatviaShow on map
Degree of Recognition	International