Eurasian Development Bank to expand

19.10.2016
Russia

The Eurasian Development Bank Chairman Dmitry Pankin told about the plans of global expansion. According to him, the candidates for accession are 12 countries, among them - the traditional allies of Washington.

Plans

It is reported that  Azerbaijan, Vietnam, Egypt, Israel, India, Indonesia, Iran, Mongolia, Singapore, Thailand, South Korea and Japan are going to join present participants - Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and Russia.

It is expected that all necessary formalities would be completed until 2018.

Politics and Economics

Traditionally, the economic sphere is the domain of political interests of Washington, and Russian sphere is a military cooperation with partner countries. Therefore, the participation of large investors, such as the US-satellite countries like Japan, South Korea and Israel, will mean not only an economic, but also a political success.

In particular

In addition, it is necessary to take into account the fact that Japan has decided to create the world's largest investment fund together with Saudi Arabia, whose relations with the "sworn friend" America also sharply declined. It is known that, According to chairman of the Japanese Softbank Masayoshi Son, Japan is looking for a new "Alibaba" by successfully supporting Alibaba Chinese cyber-project, which, according to some experts, has a different support to the Chinese government. 

Considering Japan's promise to work closely with Russia in the economic sphere, all of these movements can conclude in very interesting projects, including those that have a strategic, state value.

Background

Recently, in another Russian financial institution - the BRICS Development Bank have been approved first five projects. Each member country has been allocated for its own project.

At the same time it became known that Washington has blocked Russia in the IMF. It is reported that the instructions to block all projects related with Moscow were sent to the US representatives in the IMF, World Bank and other international financial institutions despite the fact that Russia did not apply to the IMF for ten years. These illegal actions convinced many governments  of Washington's lack of principles and impulsed them to actively seek for alternative partners.

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