In a surprising turn of events, on July 8, the Russian state-run natural gas monopoly Gazprom canceled a contract with the Italian oil and gas services group Saipem. The two companies were supposed to jointly build the first line of Turkish Stream, the Moscow-backed pipeline... MORE

The Belarusian parliament endorsed a new date for the upcoming presidential elections: October 11. It is unlikely that shifting elections from November (as originally planned) to October will make a difference either in terms of negative trends in the economy or in terms of the... MORE

On June 27, the Circassian organization Adyge Khase held a conference in Karachaevo-Cherkessia. Participants accused the republic’s authorities of neglecting Circassian villages and putting pressure on Circassian businesses, calling for an extraordinary conference of the Circassian people. Circassians in Karachaevo-Cherkessia accuse the republican authorities of... MORE

On June 22, the World Bank approved $12 million in additional financing for Tajikistan for a project creating temporary employment in rural districts (clearing irrigation and drainage canals). This financing is a specific effort to assist the country in tackling the impact of falling remittances... MORE

Ukraine has taken one step back from looming default as an agreement was reached to start direct talks with Kyiv’s biggest private creditors. This is despite a setback with Russia, which has refused to discuss the restructuring of a loan issued in 2013 as a... MORE

Given the centrality of energy to the Russian economy and the withering impact of continuing low energy prices and sanctions, Russia has ample reason to promote energy deals with anyone it can find. The annual St. Petersburg International Economic Forum has historically served as a... MORE

Deputy Russian Prime Minister Alexander Khloponin made a surprising statement earlier this month (June) about impending sweeping changes in how Moscow subsidizes the North Caucasus. “Instead of subsidies for the republics we will be developing ‘anchors’—key projects in which federal budget funds will be invested... MORE

A Russian publication has alleged that the “Stop Feeding the Caucasus!” slogan, which is popular among ethnic Russians, was invented by Vladimir Putin’s enemies to undermine his authority and ultimately destroy him politically. This is an unusual attempt to construct a collective identity of all... MORE

Protests in Yerevan and other Armenian cities have persisted for over a week, following the state regulatory commission’s June 17 decision about increasing the electricity fee from August 1. As previously suggested (see EDM, June 12), the commission decided upon a smaller fee increase than... MORE

Following the June 22 decision by the European Union to extend its sanctions on Russia for another six months, Russian Prime Minister Dmitry Medvedev soberly declared two days later that the country’s faltering economy would force the government in Moscow to make some difficult choices... MORE