While Beijing officially supports Russia’s position on its annexation of Crimea, behind the scenes China is helping keep the battered Ukrainian economy afloat. On March 26, the Ukrainian government and China’s CITIC Construction (a subsidiary of CITIC Ltd.) signed a memorandum of understanding stipulating that... MORE

At present, news coming out of Belarus is marked by two particular refrains: the economic crisis and a search for national consolidation. These refrains may be interrelated since negative macroeconomic trends, coupled with a lack of structural reforms that would boost the private sector, make... MORE

On March 20, Russian President Vladimir Putin, while on a visit to Astana, Kazakhstan, said that Russia, Belarus, and Kazakhstan—the three main founding members of the Eurasian Economic Union (EEU), and formerly Eurasian Customs Union—should consider creating a monetary union. As Putin argued, “working shoulder... MORE

Last week (March 19), speaking at an annual conference of the Union of Russian Industrialists and Entrepreneurs (RSPP)—Russia’s main business lobbying group—President Vladimir Putin promoted a previously announced financial amnesty. Putin implied that Russia’s super-rich must repatriate their capital back from abroad and out of... MORE

President Petro Poroshenko’s continued ownership of a confectionary manufacturing facility in Lipetsk, Russia, has become such a political burden for the Ukrainian leader that he specifically addressed the issue of its sale in an exclusive TV interview earlier this month (March 2015) (TSN, March 13).... MORE

Belarus has once again entered rough economic waters. In 2015, economic growth will likely be absent (Naviny.by, February 5). In January 2015, industrial output equaled just 93.8 percent of that in January 2014. All processing industries shrank except for chemicals, oil refining, potassium and pharmaceuticals.... MORE

China’s parliamentary showcase, the annual meetings of the National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), collectively known as the “two sessions,” took place in Beijing earlier this month and set the country’s governing agenda for the... MORE

Chinese President Xi Jinping’s efforts to build the Silk Road Economic Belt (SREB)—a network of transportation infrastructure across Eurasia—are unlikely to drive a step change in China’s energy trade with and investment in Central Asia. This is not only because of the already robust energy... MORE

Chinese President Xi Jinping launched the “Silk Road Economic Belt” in a “historic” speech at Nazarbayev University in Kazakhstan in the week before the Shanghai Cooperation Organization (SCO) Summit in Kyrgyzstan in September 2013. The initiative was viewed by the rest of the region mostly... MORE

Chinese President Xi Jinping’s New Silk Road stretches over 8,000 miles from China to Europe, traversing the Eurasian land mass and even touching Africa, but notably excludes one continent on the other side of the world—Latin America. President Xi’s landmark initiative, also known as “one... MORE