On July 18, Belarusian President Alyaksandr Lukashenka dismissed the chairman of the National Bank of Belarus, Pyotr Prakapovich. Last month, Lukashenka asserted that the latter had “made mistakes” (Bloomberg, June 23). No replacement was announced, so in the meantime Yury Alymov continues as acting chairman.One... MORE

Although Ukraine has mended fences with Russia and made progress in the political association and free trade talks with the EU since Viktor Yanukovych’s election as president in February 2010, additional movement in both directions simultaneously is hardly possible. The multivector policy, which was chosen... MORE

President Dmitry Medvedev and Chancellor Angela Merkel led the Russian-German Interstate Consultations on July 19-20 in Hannover. This annual event, with the collective participation of Russian and German government ministers and industry leaders, punctuates the gradual integration in key economic sectors of the two countries.Germany’s... MORE

The German government’s cave-in on nuclear energy has opened the gates to a new round of Russian expansion into Germany’s energy sector. This political decision has boosted demand for natural gas overnight, and with long-term consequences in Russia’s favor, since Germany is under-equipped with LNG... MORE

As international efforts to restore the ancient Silk Road gather momentum, Kazakhstan has intensified construction of major transportation arteries across its territory. Astana views the development of transport corridors together with economic diversification as key tools for strengthening its national sovereignty. Moreover, boosting transport and... MORE

The Russian government has reiterated its pledges to spend billions of rubles in government funding to speed up the development of the country’s Far East in a bid to create a gateway to the booming Asia-Pacific Region. Russia hosting the Asia-Pacific Economic Cooperation (APEC) summit... MORE

In March 2011, the municipal government of Chongqing announced its intention to construct a special economic “cloud computing zone” (yun tequ), the largest such zone in Asia (Nanfang Zhoumo, June 16). Not only will this initiative offer participating foreign companies with the unique IT services... MORE

Three days after leaving China—where he pledged to work for peace—Kim Jong Il threatened to wage war against South Korea (Yonhap News Agency, May 30). The highly provocative comments from the North Korean regime at the end of May were interpreted as a sign of... MORE

The Chinese Communist Party (CCP) leadership’s apparent failure to rein in reckless borrowing by local administrations has raised serious questions about the efficacy of the country’s stimulus package—and the viability of its vaunted economic model. Last month, the National Audit Administration (NAA) disclosed that regional... MORE

Only two decades ago this would probably have been unimaginable, but today China’s car exports are targeting consumers in the industrialized and emerging countries worldwide. This dramatic car export expansion has also been clear in the adjacent Central Asian region. As China evolves its manufacturing... MORE