The Belarusian ruble was re-denominated on July 1. Over the next six months, the banknotes in circulation will be replaced with new banknotes and coins in proportion of 10,000 old Belarusian rubles per 1 new Belarusian ruble. Thus, the legendary number of zeros on Belarusian... MORE

Late on July 10, the head of Abkhazia’s Central Electoral Commission, Batal Tabagua, admitted that a mere 0.99 percent of registered voters had cast a ballot in the referendum on holding early presidential elections in the republic (Gazeta.ru, July 10). The referendum in Abkhazia reflected... MORE

During his appearance at this year’s St. Petersburg Eco­nomic Forum (June 16–18), President Vladimir Putin declared that “Russia has managed to resolve the most urgent problems in the economy” (Kremlin.ru, June 17). But just one week later, the Russian Ministry of Economy published new figures,... MORE

The Fifth All-Belarusian People’s Assembly (ABPA) opened in Minsk, on June 22. The two-day gathering brought together 2,500 delegates representing managers from all levels of power along with publicly acclaimed “rank-and-file” workers, scientists, students, and so on (Belta.by, June 22). It is debatable why there... MORE

The financial crisis in the North Caucasus is gradually intensifying, as the large debt of its republics is exacerbated by falling revenues (see EDM, June 22, 2015). Paradoxically, the economic crunch first of all affects the region’s “quiet” republics. Moscow prioritizes financial support for those... MORE

Beijing and Bishkek have started negotiations on relocating 40 Chinese factories and plants to Kyrgyzstan. While Kyrgyzstan’s government says that this will help reindustrialize the country, there are concerns in Kyrgyz society that such plans will exacerbate Chinese expansion domestically. The government in Bishkek has... MORE

A key link in China’s Maritime Silk Road (MSR) suffered a setback in February when Bangladesh’s Awami League (AL) government shelved plans for construction of a deep-sea port at Sonadia, south of Chittagong. Bangladesh is an important participant in China’s “One-Belt, One-Road” (OBOR) initiative. An... MORE

An epic struggle between two Russian billionaires of Dagestani origin is unfolding in Dagestan. Suleiman Kerimov and Ziyavudin Magomedov are sparring over control of Makhachkala’s commercial seaport on the Caspian Sea. On May 27, the Russian government agency for sea and river transportation appointed a... MORE

On May 25, 2016, one and a half years after the economic crisis hit Russia, President Vladimir Putin called together a session of the Economic Coun­cil Presidium, an advisory body established back in 2012, but last convened two years ago (Kremlin.ru, May 25; Vedomosti, April... MORE

Taiwanese President Tsai Ing-wen took office on May 20 with no shortage of challenges ahead. Her inaugural speech focused on five specific areas: transforming economic structures; strengthening the social safety net; addressing social fairness and justice; promoting regional peace, stability and cross-Strait relations; and contributing... MORE