On May 3 China placed the Haiyang Shiyou 981 deep water semi-submersible drilling rig 119nm off the coast of Vietnam and 180nm from Hainan Island. The rig lies 17nm from Triton Island, part of the Paracel islands that China occupied by force from then South... MORE

China’s vision for a new “Silk Road economic belt,” as recently announced by Xinhua, is establishing regional integration around China as an attractive economic direction for Central Asian countries. With a series of strategic agreements between Chinese President Xi Jinping and leaders of central Asian... MORE

The ceremony in Astana last Thursday (May 29) on signing the Eurasian Economic Union between Russia, Belarus and Kazakhstan was a surprisingly business-like affair. The lack of fanfare reflected the mood of Kazakhstani President Nursultan Nazarbaev, who was not altogether pleased with how his old... MORE

On May 29, in the Kazakhstani capital of Astana, the presidents of Russia, Kazakhstan and Belarus signed a treaty to form the Eurasian Economic Union (EaEU)—a post-Soviet reintegration project vigorously pursued by President Vladimir Putin. The EaEU will come into being next January, after the... MORE

Amongst the many complexities of integrating Crimea into Russia, problems regarding the currency and the scheduling of local elections remain at the top. On May 14, the lower house of the Russian parliament (the State Duma) adopted a resolution officially scheduling the local legislative elections... MORE

In few other countries in Latin America and the Caribbean have the strategic objectives of China been as clear as in its relationship with Costa Rica. Yet in few other countries has the PRC experienced so many difficulties compared to the level of effort invested.... MORE

Western sanctions against Russia may not appear as strong or as sweeping as many expected, but their targeted effect is becoming visible in major Russian industries and critical ongoing projects, such as the South Stream gas pipeline, Yamal liquefied natural gas (LNG) project, and the... MORE

As the United States and the European Union continue to further step up sanctions against Russia for its annexation of Crimea and its subsequent fractious relations with Ukraine (ITAR-TASS, May 21), government officials in neighboring Kazakhstan are increasingly anxious about the potential impact these sanctions... MORE

In response to Russia’s involvement in the Ukrainian crisis, the United States has tightened its export controls, and this has seriously hurt important Russian space projects. US authorities are apparently denying export licenses that allow European and other foreign communications satellites containing US components to... MORE

On April 30, the board of the International Monetary Fund (IMF) approved a new $17 billion loan for Ukraine, which will be disbursed over two years. Ukraine received the first tranche of this loan, equaling $3.2 billion, on May 6. The government will be able... MORE