Railway construction agreement doesn’t answer all the questions, especially about financing.
Upstream nation sets out to become a regional energy hub based on hydro. The battle to find billions in funding has begun.
At special forum in Vienna, ministers present financial institutions with ambitious projects that could power growth across Central Asia.
Pakistani petroleum minister outlines proposal at energy symposium. Says TAPI pipeline could be completed solely with Islamabad and Ashgabat funding.
Since Russia lost leverage in the region after invading Ukraine, many countries have sought to fill the gap. In terms of pledged capital, the Arab nations have become big players.
The ruble is rising to become the main currency for settling Russia’s foreign trade payments, reducing the role of the Chinese yuan in the process, the Central Bank of Russia reported on April 8.