Eurasia has most of the world’s wealth, resources, and population — yet there is very low economic connectivity. A Sino-Russian partnership can collectively create a gravitational pull that allows them to capture the geoeconomic levers of power by creating an alternative to the Western-centric model. This entails developing new global value chains that captures the high-value activities in strategic industries and energy markets, developing new transportation corridors through Eurasia and the Arctic, and constructing new financial instruments such as development banks, trade/reserve currencies, technical standards, and trade regimes. Russia’s comparative advantage derives from its geographical expanse by developing an East-West corridor connecting Northeast Asia with Europe, and a North-South Corridor that links India, Iran and Russia. Moscow sees itself as a stabilising factor in Eurasia by bringing together the entire continent with economic connectivity to ensure that it becomes multipolar and no one state or region can dominate.
The EU stands to lose much from Russia’s Greater Eurasia ambitions. Russia’s original Greater Europe project, which they EU rejected, would have endowed the EU with a powerful ally to collectively project influence deep into the Eurasian continent. In contrast, Russia’s new Greater Eurasia initiative will marginalise the EU’s role across Eurasia as socio-economic and political decisions will be made by BRICS, the Eurasian Economic Union, the Shanghai Cooperation Organisation, and the Belt and Road Initiative. The EU is faced with a dilemma as it has strong economic incentives to cooperate with the development taking place in Greater Eurasia, yet this would contribute to the shift away from the Western-centric geoeconomic infrastructure. Glenn Diesen. The Global Resurgence of Economic Nationalism.
Halford Mackinder said we don’t think of Asia and Europe as a single continent because sailors couldn’t voyage around it. Today the Northeast Passage, NEP, along Russia’s northern coast, links the Pacific and Atlantic coasts while a network of pipelines and air, rail, road and fiber routes are knitting Mackinder’s World Island into ‘Eurasia’ despite Kissinger’s warning, “Domination by a single power of either of Eurasia’s two principal spheres–Europe or Asia–remains a good definition of strategic danger for America. For such a grouping would have the capacity to outstrip America economically and,