cover image: China in the Broader Black Sea Region Report

20.500.12592/dg4r9c

China in the Broader Black Sea Region Report

15 Mar 2021

It was created in 2007 by The German Marshall Fund of the United States, with the support of the United States Agency for International Development (USAID), Charles Stewart Mott Foundation, the Ministry of Foreign Affairs of Romania, the Government of Latvia, and the Lynde and Harry Bradley Foundation, the Robert Bosch Stiftung and Calouste Gulbenkian Foundation and the European Commission. [...] with the 17+1 Initiative, China’s state-backed enterprises brought the action ‘closer to Europe.’ Furthermore, The US is involved in the region to counter the the bulk of the projects of 17+1 is focused in the non- geopolitical and energy interests of Russia as well EU countries of the initiative, making the Balkans the as to limit the increasing influence of China, its BRI, neuralgic point of th. [...] An EU and a transatlantic comprehensive China policy that takes into account the needs and The EU has been caught in the middle of this power struggle, interests of the countries in the region, requires substantial with its transatlantic identity on the one side and its economic understanding of the challenges and opportunities on the interests on the other. [...] the BRI as an umbrella initiative throughout the 2020s and has promised at least $1 trillion in funding.2 This ambitious This article explores the BRI’s footprint in the Black Sea platform is largely funded by the China Development region and analyses the impact of Chinese investment in Bank and the Export–Import Bank of China, both of which the EU and non-EU members in the geographic basin. [...] The power plant project has been mired has been mired in controversy surrounding the legality in controversy since the 1980s, relating to the financial of the procedures and the overall debt sustainability of viability and practical need of building an additional the project.23 These developments have darkened the nuclear reactor in the country.
Pages
64
Published in
Slovakia