On July 10, Tatyana Golikova, chairperson of the Audit Chamber, Russia’s independent state budgetary watchdog agency, spoke about the country’s highly subsidized regions at a government meeting in Moscow. The Audit Chamber reviewed budget execution in seven highly subsidized regions to determine how well such... MORE

Nikolai Petrov, the well-known economist from Moscow’s Higher School of Economics, has scathingly criticized the glowing reports made by Ingushetia’s Governor Yunus-Bek Yevkurov. In an article, published by the Vzglyad website on July 28, Petrov pointed out that Ingushetia’s economy showed some positive dynamics, but... MORE

This year Sino-Mongolian relations have been buffeted by a series of challenging interruptions: the Mongolian government’s standoff with Rio Tinto over expanding underground mining operations at Oyu Tolgoi (OT) which will disrupt development of shipments of copper concentrate supplies to China, another Mongolian postponement in... MORE

On July 10, several Chinese news outlets announced that China had taken an important step towards achieving “self-reliance” (zizhu baozhang) through the “breaking” (dapo) of a foreign monopoly on military-use computer airborne systems (People’s Daily Online, July 10). Many details of the two real-time operating... MORE

Fresh sanctions against Russia imposed by the Barack Obama administration on July 16 will likely hamper Gazprom’s ability to finance the South Stream natural gas pipeline. Among the sanctioned entities are two energy companies, Rosneft and Novatek, and two financial institutions—Russia’s third-largest lender, Gazprombank, and... MORE

On July 17, the United States imposed additional sanction to punish Russia for continuing to support the separatist rebellion in the far eastern Donbas region of Ukraine. Russia’s biggest oil company, Rosneft; major natural gas producer Novotek; two major banks, Gazprombank and VEB; eight major... MORE

During her week-long visit last month (June 2014) to Central Asia, South Korean President Park Geun-hye made further progress in advancing her “Eurasia Initiative,” which she announced in October 2013. The Initiative aims to deepen South Korean ties with Europe through Russia, China and Central... MORE

Apart from closer economic and trade ties, the Eurasian Economic Union (EEU), which its three founding members—Russia, Kazakhstan and Belarus—expect to launch as early as next January, also foresees increased cooperation in the scientific field, with an emphasis on innovations. While Russia and Kazakhstan have... MORE

On June 27, Georgian Prime Minister Irakly Garibashvili signed a historic Association Agreement between Georgia and the European Union (EU). People in Tbilisi celebrated this event as a national holiday. Political forces in the country unanimously agree on the necessity and benefits of association with... MORE

Since serious Chinese planning of high-speed rail (HSR) networks began in the 1990s under the guidance of the Ministry of Railways (MoR), rail planners have sought to create independently trademarkable Chinese brands capable of competing in global markets in addition to confronting domestic transport inefficiencies... MORE