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May 19, 2022

China

March 21, 2022

Russia
Don't Pivot From the Pivot to Asia

Russia's struggles in Ukraine reveal a pivot to Asia is still the right strategy.

President Barack Obama announces the pivot to Asia in a speech to the Australian Parliament on November 17, 2011.

January 25, 2022

Monetary Policy
Digitizing the Dollar: The Future of Central Bank Digital Currencies

Panelists discuss the future of central bank digital currencies (CBDCs), including their implications for traditional banking and financial sectors, concerns over privacy and public acceptance, and t…

Play Bitcoin representations next to U.S. Dollars

December 1, 2021

Global
Central Bank Currency Swaps Tracker

Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…

April 7, 2022

Southeast Asia
Russia’s Ties to Southeast Asia and How They Affect the Ukraine War: Part 3, Singapore and Vietnam

The latest in our series on Southeast Asian relations with Russia looks at two important U.S. partners.

Russian President Vladimir Putin (L) shakes hands with Vietnamese Prime Minister Nguyen Xuan Phuc during a meeting at the Kremlin in Moscow, Russia on May 22, 2019.

May 19, 2022

Asia
Media Briefing: President Biden in South Korea and Japan

CFR experts via Zoom preview President Joe Biden’s May 20-24 trip to Asia, including bilateral meetings with South Korean President Yoon Suk-yeol and with Japanese Prime Minister Fumio Kishida, and a…

Play Australian Prime Minister Scott Morrison meets with Quad foreign ministers in Melbourne

March 14, 2022

Southeast Asia
Russia’s Continuing Ties to Southeast Asia and How They Affect the Ukraine War: Part 2

Russia’s ties across Southeast Asia keep most countries in the region from opposing the war in Ukraine.

Rescue workers stand near a heavily damaged building, amid Russia's invasion of Ukraine, in Kharkiv, Ukraine on March 14, 2022.

March 4, 2022

Asia
How Asia Is Responding to Russia’s Invasion of Ukraine

Given the lukewarm responses on the crisis so far, don't expect too much from the region's democracies.

An aerial view shows a residential building destroyed by shelling, as Russia's invasion of Ukraine continues, in the settlement of Borodyanka in the Kyiv region, Ukraine, on March 3, 2022.

March 8, 2022

Southeast Asia
Russia’s Continuing Ties to Southeast Asia—and How They Factor Into the Ukraine War: Part 1

Longstanding ties and weapons sales to a number of countries in Southeast Asia insulate Russia from ASEAN criticism over Ukraine war.

Commander-in-Chief of Myanmar's armed forces, Senior General Min Aung Hlaing, attends the IX Moscow conference on international security in Moscow, Russia, on June 23, 2021.

March 11, 2022

India
Besides China, Putin Has Another Potential De-dollarization Partner in Asia

Within two weeks of Russia’s invasion of Ukraine, the United States and its allies have collectively imposed a series of sanctions to isolate Russia’s financial system. Recent stringent Western sanctions are a stress test of Russia’s de-dollarization initiatives and an emerging nondollar financial system. Besides de-SWIFTing Russian banks, Western sanctions have targeted the assets of the Russian central bank and sovereign wealth funds, the Russian Ministry of Finance, and Russian oligarchs. These punitive measures effectively wiped out the thirty-year post-Cold War Western financial engagement with Russia. I have discussed a Russia-China de-dollarization partnership in the Foreign Affairs article titled The Anti-Dollar Axis. It seems that Putin’s Russia has more partners for de-dollarization in Asia, such as India.

Leaders of Russia, India, and China hold hands while posing for a picture wearing formal attire with their respective flags in the background.