Is an economic-focused gathering where representatives from various Central Asian countries come together to discuss how they can collaborate to boost the development of their communities. The first B5+1 Forum was held in the economic capital of Kazakhstan, in Almaty, and was attended by policymakers from Central Asia, the Americas, and other regions, as well as prominent business leaders operating in the area.
How does the B5+1 Initiative challenge Russian economic hegemony in Central Asia?
The distancing of some Central Asian countries from Moscow, especially due to the war in Ukraine, has created opportunities for other international actors with interests in the region. Therefore, US participation in the B5+1 Initiative adds a new layer of challenge to Russia’s traditional economic hegemony in the region, marking an unprecedented shift in the geopolitical dynamics of Central Asia.
Transportation and Logistics E-commerce Tourism Green and Renewable Energy Agribusiness
Why is the new B5+1 Forum geopolitically important?
It affects the political-economic relations of the region, thus shifting the international power balance and creating new alliances and rivalries. However, beyond power strategies, the true impact of this initiative will be felt in the lives of Central Asian citizens.
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