BRI as a stabilizer of foreign crisis 

As we said in previous posts, BRI has many different reasons and goals. One of them can be summarized as a “stabilizer” of foreign crisis and conflicts, for example, the case of Turkmenistan.

According to the Centre for Eastern Studies Turkmenistan is facing a severe economic crisis (caused by the collapse in gas prices and the consequent currency crisis), which may force China to take a decision to intervene somehow and stabilize the economy and the political regime. Why? China is the sole recipient of Turkmenistan’s gas, receiving more than 90% of total gas exports. Hence, if the country collapses, it could create a sudden halt of gas supplies from Turkmenistan. This could also negatively affect the Chinese economy and its energy security. (More …)