Trade has plummeted, Chinese goods are disappearing from markets, and exports of China’s favorite Central Asian commodity – natural gas – have nosedived.
The Georgian lari has become one of the fastest depreciating currencies in Europe, despite the fact that coronavirus has hit the country relatively weakly.
The region is tightening belts and preparing for pain. But there are reasons to hope the trickledown from Russia won’t be as bad as last time, in 2014.
Central Asia claims zero cases of coronavirus, but the economic symptoms are everywhere. This and more in our monthly briefing on Chinese business in the region.