On February 23, Azerbaijan’s parliament adopted amendments to the state budget to adjust down expected budget revenues based on oil price estimates of as low as $25 per barrel (Azernews.az, February 23). Initially, the State Budget for 2016 projected oil at $50–55/barrel (Trend, September 14,... MORE

On March 1, President Vladimir Putin gathered the CEOs of Russia’s oil majors in the Kremlin to discuss a possible freeze of crude production to boost oil prices. Oil is Russia’s main export commodity and the main source of state revenue. Putin commended the “healthy... MORE

In a recent interview with the media, Kyrgyzstan’s Deputy Prime Minister Oleg Pankratov, whose portfolio includes overseeing the country’s membership in the Eurasian Economic Union (EEU), reported that the Kyrgyz Republic’s accession (as of August 12, 2015) to this Russian-led trading bloc has so far... MORE

The removal of the sanctions on Belarus by the European Union continues to be one of the most debated topics in the Belarusian media. The most meaningful piece about sanctions, however, has arguably shown up not in Belarus but in the Russian daily Izvestia (Izvestia,... MORE

Turkish Prime Minister Ahmet Davutoğlu visited Kazakhstan, on February 6, where he and his host government discussed bilateral cooperation on large-scale transit corridor projects (Akorda, February 6). As a “new Silk Road” of transportation infrastructure slowly emerges across Eurasia, Turkey and Kazakhstan are becoming important... MORE

At the beginning of February, members of Myanmar’s National League for Democracy (NLD) took their seats in the national parliament (People’s Daily, February 2). Though the transition was peaceful, Myanmar’s neighbors are anticipating political instability and ethnic unrest to escalate in the coming months, and... MORE

The Iranian minister of defense, General Hossein Dehghan, was greeted with exclusive pomp during his visit this week (February 15–16) to Moscow. Dehghan was granted an audience in the Kremlin with President Vladimir Putin—an exceptional overstep of protocol—coming on top of talks with his Russian... MORE

Following the military exercises conducted in Dagestan last month by the snipers of the Southern Military District motorized infantry, during which troops learned speed shooting at the Dalny shooting range near the city of Buinaksk (Arms-expo.ru, January 17), a new round of military exercises was... MORE

It has been half a year since Kyrgyzstan officially joined the Moscow-led Eurasian Economic Union (EEU) of Russia, Kazakhstan, Belarus and Armenia. Its accession treaty took effect on August 12, 2015. That same day, Kazakhstan tore down customs controls on its border with the Kyrgyz... MORE

The government of Belarus hopes to initiate a new credit program with the International Monetary Fund (IMF) in February of this year (BelaPAN, January 11). Representatives of the IMF confirmed in recent months that they have seen considerable progress in their negotiations with the Belarusian... MORE