Geopolitical Change and the Re-Emergence of the Middle Corridor
By Fuad SHAHBAZOV, Baku-based independent regional security and defence analyst
As the war in Ukraine escalates and becomes more violent, global food and energy recession risks continue to increase, in turn further heightening the likelihood of a global economic recession. The new full-scale war revealed particular vulnerabilities of the Western block of countries, particularly on energy and supply chain management, due to their imposition of sanctions and export restrictions on Russia. Hence, new security challenges in Europe have forced the Western block of countries to explore new and safer trade routes while avoiding Russian territory. With the West’s search for new and safer trade routes, the Middle Corridor—a joint venture composed of Azerbaijan, Georgia, Kazakhstan, and Türkiye—has regained strategic prominence. READ MORE
| Markets | The Caspian and Central Asia, The Caucasus and the Black Sea
