CONJUGATION OF THE ONE BELT, ONE ROAD INITIATIVE WITH THE GREATER EURASIAN PARTNERSHIP: NEW OPPORTUNITIES IN THE 21ST CENTURY

Abstract

The article provides a retrospective analysis of the significance of two initiatives - One Belt, One Road (PRC) and the Greater Eurasian Partnership (Russian Federation). The points of correspondence and conjugation of these two are considered. Ways of combining the two key initiatives are discussed concerning the reinforcement of international cooperation and regional integration. The options of the current international situation are considered. The coronavirus epidemic is continuing to circulate all over the world and its impact changes economy. Global trade protectionism exacerbates the evolution of the global political framework. Today, the signing of the Comprehensive Regional Economic Partnership (CEP) Agreement and the return of the Indo-Pacific Strategy to the Asia-Pacific region has accelerated the process of regional integration in Asia. In the new international setup, One Belt, One Road and the Greater Eurasian Partnership - the geostrategic concepts of China and Russia, respectively, have many intersection points in political, economic, humanitarian and other aspects. The combination of these two strategies will become one of the important areas of political and economic activity of the two nations, within the framework of the "comprehensive partnership and strategic interaction between China and Russia entering a new era", especially. China and Russia have a common task - to implement the conjugation of the two initiatives, to fully utilize their strategic attributes and pragmatic cooperation in the global-regional game, as well as promote the development of cooperation, getting maximum benefits and creating a win-win situation.