Economy

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…