BAKU, Azerbaijan, April 24. The increasing
significance of the Middle Corridor is opening substantial new
opportunities for countries in Central Asia and the Caucasus,
Timothy Stubbs, Banking and Finance partner at Dentons, said at the
2nd Forum on Logistics and Oil Trading in the Caspian and Central
Asian Regions in Baku, Trend reports.
“Over the past year, the global environment has been marked by
unprecedented speed of change and unpredictability. The level of
risk has increased to the point where the standard caution once
sufficient for investors, operators, and financiers in day-to-day
activity is no longer enough. Today, risks must be monitored and
managed in real time, continuously. Oil prices fluctuate sharply
from day to day, while geopolitical shocks, including conflicts in
regions such as the Persian Gulf, can unfold without warning and
trigger wider consequences. These developments create a cascading
impact, particularly for emerging markets such as the Caucasus and
Central Asia, making it essential to understand risks quickly and
respond to them as they evolve,” he said.
Stubbs emphasized that alongside risks, new opportunities are
also emerging.
“Currently, we see significant potential opening up for Central
Asian and Caucasus countries due to the growing importance of the
Middle Corridor,” he said.
Stay up-to-date with more news on Trend News
Agency’s WhatsApp channel
