Many worldwide have been waiting for the other foot to fall on the conflict in Ukraine. Finally, good old Germans are the ones to plop down the telling jackboot. Making money off the blood-soaked ground of Europe’s most corrupt and (now) pitiful country is what it’s all about. Germany now proposes to open the gate for private investment funds to make debtors out of a crippled nation. And the Russians are the bad guys?…

The Red Sea holds immense significance in international maritime trade. Two choke points, the Suez Canal and the Bab al-Mandab, hold critical value in this sea route. Around 22 percent of global maritime container trade passed through the Suez Canal in 2023. Bab-el-Mandeb strait is used to access this Canal by ships traveling from Europe. The Red Sea hosts almost 12 percent of global trade, 21344 vessels per day, amounting to $1 trillion in goods, and 10 percent of maritime trade…

Two weeks after the meeting of the Chinese parliament, commonly referred to as the “Two Sessions”, held in the first half of March this year, two equally noteworthy forum events were held in Beijing and immediately afterwards in the resort town of Boao (on Hainan Island), attended by Chinese and foreign experts. The main theme of the latter was the implementation of a fundamentally innovative trend in the country’s economic policy, the main provisions of which had been outlined by the Chinese…

According to the Statistical Service of Kazakhstan, the total volume of goods transported by rail between Kazakhstan and China reached 23 million tons as early as 2022 and grew by a record 22 percent last year. In view of this high volume of freight traffic and the clear upward trend, the Kazakh authorities are having to invest heavily in the development of new railroads in order to serve the growing freight volumes and enable the rapid and efficient delivery of goods through the country…

The Scottish aristocrat and British Prime Minister (1963-1964) Sir Alec Douglas-Hume once said: “There are two problems in my life. The political problems are insoluble and the economic problems are incomprehensible.” His words also reflect very closely the economic realities of modern Turkey. Recep Erdoğan and his Justice and Development Party (AKP) came to power in 2002 amid an economic crisis and widespread criticism of the economic policies of the previous government, led by Bülent Ejavit, which had seen the country’s GDP fall by 10 percent…

On 22-23 January 2024, Turkmen Foreign Minister R. Meredow visited Japan. During this trip, meetings were held with the Japanese Foreign Minister, the Ministers of Digital Transformation; Land, Infrastructure, Transport and Tourism; Economy, Trade and Industry; representatives of Japanese business, the Director of the Foreign Trade Organisation of Japan and the Head of the Export Credit Organisation of Japan. The leitmotif of the talks was the cooperation…

You’ll find an important Russia-India story on page 28 of the Google News results, to care about what’s really happening between the two BRICS nations. Many reading this may not know that India’s Prime Minister Narendra Modi congratulated Vladimir Putin on his re-election as the President of the Russian Federation and announced the deepening of a strategic partnership between the two countries. Russia and India – strategic partners – isn’t that page one New York Times stuff? Well, no…

Mongolia adopted its 2024 budget law on October 1, 2023. As part of the preparations for the budget law, an extensive preparatory review of the 2023 figures was performed. These were correlated with the spending plans for 2024, 2025 and 2026, and the results were summarized in a special report published by Mongolia’s Ministry of Finance. The report is primarily a breakdown of Mongolia’s draft budget for 2024. As for the budget itself, the following points made in the report are worthy of note…

The Prime Minister of Mongolia, Luvsannamsrain Oyun-Erdene, attended the World Economic Forum in Davos, Switzerland, from 15 to 19 January. This article provides an overview of the Mongolian representative’s activities at the event – with a slightly more detailed analysis of the objectives of the official meetings he held during these four days. On 4 January 2024, it became known that the country’s Prime Minister would be attending the Davos Forum: the announcement of this decision…

Russia’s glowing potential as a bastion of stability in the new multipolar order seems endless. When the United States and her European allies waged economic war on Moscow, the conventional thinking was that the Russian people would suffer. Today, geography, cultural considerations, and especially the idea of overall beneficial relations all favour the world’s largest country. A look at Russia-Mongolia ties and recent initiatives is further evidence of this…

For more than two months since the beginning of 2024, the banking system and business in general in Turkey has been under unprecedented pressure from the United States in terms of secondary sanctions for the development of business relations with Russia in circumvention of Washington’s restrictive measures – embargo. Unfortunately, Turkish banks have started to refuse to accept financial payments from Russian companies and Turkish exporters to Russia…

In 2023, the load on Kazakhstan’s Caspian ports increased by almost 10% to 6.5 million tonnes. This is still far from their maximum capacity of 21 million tonnes. Nevertheless, the country’s leadership has concerns about limiting the transport capacity of the lake in case of further shoaling of its northern sections. The costs of such circumstances promise to be significant. In this regard, in addition to the development of the Middle Corridor (ТМТМ) and dredging…