The purchase of a stake in Arctic LNG 2 by a Japanese consortium is certainly a significant step in the development of economic ties between Russia and Japan, but if the Russian government doesn’t quickly begin work on improving the country’s investment climate, this deal will not be the start of a torrent of Japanese investment, but rather a small island of success in a vast sea of missed opportunities.
There’s one thing that perhaps says more about the investment climate in Russia’s Far East than all the swish presentations put together, and that’s the unfinished buildings of two five-star Hyatt hotels in Vladivostok.
The China-Russian military cooperation with its underlying strategic calculus is clearly aimed at countering US moves and capabilities in the region.
Despite Russia’s limited toolkit, growing alignment with China, and its broken relationship with the U.S., Moscow will not be written off by Washington and its allies when it comes to the diplomatic process on North Korea.
The Carnegie Moscow Center organized a discussion on northeast Asia security issues.
Over the course of the last two years, security risks across Asia have been on the rise. The region’s future is marred with uncertainty that is rooted in the revival of great power competition, and trade wars. The Carnegie Moscow Center and the Russian International Affairs Council organized a discussion about the future of the region.
The Kremlin needs to understand clearly that it is up against not just Japan but also the Russian public—and based on public opinion surveys, two-thirds of Russians do not want to hand over the Kuril Islands. The Kremlin will not be able to coerce the people into accepting its point of view.
Chinese participation in Vostok-2018 is groundbreaking. It sends a powerful message about the evolving relationship between the great Eurasian powers, which just a couple of decades ago viewed each other as adversaries.
China and Russia have been cooperating closely over the past three decades. But since the Ukraine crisis, the process has become more dynamic. Moscow and Beijing are now coordinating their policies on a wider range of issues.
Carnegie Moscow Center hosted a seminar on U.S. policy in the Indo-Pacific region under the Donald Trump administration and the new challenges it might bring to the system of checks and balances in regional security.