Latest Articles about Economics

Sale of Crimean Land by Yanukovych: ‘Made in/for China’
While most of the worldwide media outlets focused on Euromaidan protests in Kyiv since Ukraine’s withdrawal from signing the Association Agreement with the European Union in November 2013, the signing of a five-year economic agreement between Ukrainian President Viktor Yanukovych and several Chinese companies went... MORE

Kazakhstan Looking to the West to Ease Dependence on Russia
On January 22, Kazakhstani President Nursultan Nazarbayev arrived in Davos to attend the 44th session of the World Economic Forum and held a number of bilateral meetings. These included, among others, private conversations with high-level officials of the European Union, the European Bank for Reconstruction... MORE

Political Scandal in Uzbekistan Harms Investment Climate
Amid an ongoing domestic political scandal, Uzbekistan may face another wave of investment capital flight. On January 2, British-Canadian Tethys Petroleum announced its decision to leave Uzbekistan and focus on projects in Kazakhstan and Tajikistan. Tethys Petroleum is a public company listed on the Toronto... MORE

Nazarbayev’s State of Nation Address Reaffirms Bold Development Vision
In his January 17 State of the Nation Address, Kazakhstani President Nursultan Nazarbayev reaffirmed the core long-term vision of stable economic development found in the “Kazakhstan-2050” national development strategy that he proposed in his December 2012 address. For example, the president wants to increase Kazakhstan’s per capita... MORE

Moscow and European Commission Negotiate Over OPAL Gas Pipeline
The European Union–Russia biannual summit, postponed from December 2013 and held on January 28, 2014, and reduced to three hours instead of the customary one and a half or two days, perforce omitted energy from its agenda. The severely abbreviated summit in Brussels had to... MORE

Gazprom Intent on Rolling Back EU’s Energy Market Legislation
With the backing of the Kremlin, and some help from interested European parties, Gazprom is intent on rolling back the European Union’s Third Energy Legislation Package on EU territory. The Russian government and Gazprom have signed inter-governmental and corporate agreements to build sections of the... MORE

Davos Discussions Disprove Russia’s Resurgence
So much self-congratulating has been emanating from the Kremlin following the spectacular triumphs of Russian foreign policy since September 2013, that the court of President Vladimir Putin prefers to ignore the fact that the annual meeting of the World Economic Forum, which took place in... MORE

Political and Economic Developments in Uzbekistan: 2013 Year in Review
As 2013 came to a close, China and Russia continued to be Uzbekistan’s most important partners: China as the country’s biggest investor, and Russia as its largest trade partner. However, last year’s signing of the Agreement on Strategic Partnership between Uzbekistan and Kazakhstan made Astana... MORE

The Mongolian-Russian-Chinese Northern Railway Corridor
On December 18, 2013, in Ulaanbaatar, the Mongolian government’s Ministry of Road and Transportation and the Mongolian-Russian shareholding “Ulaanbaatar Railway” Society organized the first tripartite consultative meeting of “The Mongolian-Russian-Chinese Northern Railway” (news.mn, December 19, 2013). Because of the lack of existing rail freight loading... MORE

Re-Privatization of Kazakhstani Banks to Ensure Protection From Customs Union Competition
On January 17, Kazakhstan’s President Nursultan Nazarbayev made his traditional address to the nation, unveiling the key aspects of this year’s government agenda. While most of his speech was dedicated to the implementation of the “Kazakhstan 2050 strategy,” an ambitious program aiming to catapult the... MORE