Connectivity

"The sanctions imposed on the Russian economy will have a significant impact on Russia, limiting its ability to conduct foreign trade relations, which will in turn affect its position as a main transit country in Eurasia", writes Orkhan Baghirov in this op-ed. "Within the new geo-political realities, the Middle Corridor can emerge the winner, and can become the main land route in Eurasia. It will in turn strengthen the political and economic position of the participating states, including Azerbaijan, Turkey, and the Central Asian countries, all of who aspire to become regional transportation hubs".

"A remarkable event occurred on March 11 in Baku when Azerbaijan and Iran, after a period of turbulence in their bilateral relations, signed a new document establishing new transport and electricity supply links connecting mainland Azerbaijan to its exclave of Nakhchivan via Iranian territory", writes Fuad Shahbazov in this op-ed. "The new transit corridor will renew the partnership dialogue between Baku and Tehran, give new economic tools to Azerbaijan in the region, and bolster trade with its natural ally Turkey. On the other hand, the potential normalization process with Armenia would be an additional asset to further regional stability, and will end Armenia’s ongoing economic isolation."

The impact of the sanctions on the Russian aviation sector is having far-reaching consequences for countries in Central Asia. Millions of people from Central Asia are in Russia as migrant workers and the disruption in aviation is making their travel back to their home countries difficult. Among them are 2.2 million Uzbeks who live and work in Russia. Remittances from Uzbek migrants in Russia constitute 12% of Uzbekistan's National GDP. Regular flights from Russia to Uzbekistan have been cancelled, Smartavia and iFly, two Russian carriers, have suspended all flights to Uzbekistan and flights that are still operating have more than doubled in price. As an aviation specialist for Uzbekistan said, “After the sanctions, not a single such aircraft landed on the territory of Uzbekistan. The reason is very simple - they remained uninsured.” Uninsured aircraft are prohibited from flying. Millions of migrants are now left without a crucial air bridge to their homeland. International sanctions on finance are already causing currency crises in Kazakhstan and Kyrgyzstan. The impact of sanctions on the aviation sector further highlights the cost of Russian actions in the Central Asian region.

Algeria's state-owned oil company has offered to increase its supply of natural gas to Europe in case of possible decline of supplies from Russia. Sonatrach CEO Toufik Hakkar made the announcement on Sunday saying that the firm was ready to pump additional gas to the EU from its surplus via the Transmed pipeline linking Algeria to Italy.

European and African leaders come together today and tomorrow for an EU-Africa summit in Brussels with the goal of solidifying the partnership between the two neighbouring continents with a number of initiatives, agreements and investment pledges. The summit comes at a critical time for both continents and its results are crucial for future relations.