Archives Economic development - Page 17 of 36 - New Eastern Outlook

The Saint Petersburg International Economic Forum proved once again not only its importance as one of the major events on a global scale, but also reinforced the realities of the contemporary world which concern both Russia and all friendly countries of the Russian state, together representing the world majority and the multipolar world order…

Today, in the era of active development of green energy, which has swept not only developed but also developing countries, traditional energy sources such as brown coal remain important in Mongolia – even though renewable energy sources are being developed in parallel in the country. The authorities of the country, where all major energy facilities were built by foreign (in this case Soviet) specialists many decades ago, have in recent years begun to turn their attention back to thermal power generation, abandoning utopian notions of renewable energy as a universal “panacea” capable of ridding the country of the threat of energy shortages without harming the environment.

The struggle for strategic natural resources in post-Soviet Central Asia is reformatting international relations in the region and triggering confrontation between the key players. Turkey is gaining new opportunities on the global stage with the launch of energy transit routes that bypass Russia. Geo-economic and geopolitical significance of natural gas transit routes…