Many specialists believe that, as a result of anti-Russian sanctions and US pressure on business, and particularly on the Turkish financial system, starting from January this year Turkish banks have had to stop or freeze bank payments to Russian partners and refuse to service transactions involving Russian legal entities. If this situation persists it will naturally have a negative impact on the overall trade balance between the two countries. But there is always a solution – it is just a matter of price. The development of trade and economic relations between Russia and Turkey is closely dependent on the availability of financial support…

For people all over the world, a new year means a new beginning, a time for new emotions, meetings, acquaintances and discoveries. The same can be said about countries — national governments rarely hesitate to use the onset of a new calendar year as an occasion to promote an agenda which they see as in their country’s interests. Mongolia is no exception — its government has named 2024 the Year of Regional Development, a clear witness to Mongolia’s…

On January 19, 2024 the President of Kazakhstan ended his official visit to Italy. During his visit to Italy Kassym-Jomart Tokayev held talks with Italian Prime Minister Giorgia Meloni, as well as Italian President Sergio Mattarella. During his meetings with his hosts, Kassym-Jomart Tokayev noted the dynamic development of trade between the two countries, which reached $14.5 billion by the end of 2023. He expressed the hope that the figure would increase to $20 billion in the coming years. If that happens, then Italy will account for about 1/6 of all of Kazakhstan’s foreign trade, compared to its present level…

The financial crisis in Turkey calls for a tight monetary policy and a tough banking regulator. But Turkey’s Central Bank is being headed by one US business school graduate after another. But how will Fatih Karahan be more successful than Hafize Gaye Erkan? In terms of its financial situation, Turkey is going through difficult times. In real terms, annual inflation in 2023 has reached 65% (and some independent sources claim it is as high as 128%), and, unfortunately, is still largely the same in February 2024. Wages are not growing in line with inflation, and the poverty rate is growing…

Climate Change is undoubtedly the greatest existential threat facing humanity today. As wars rage around the globe and countries pursue economic and political policies that are causing ever-increasing fragmentation, scientists and climate activists find that their voices fall on deaf ears. The COVID-19 crisis exposed societies all over the world to the risks posed by large-scale shocks to the system of Global Value Chains (GVCs) that bring food from farmers thousands of miles away to our supermarkets and our tables. However, scientists argue that a climate change crisis…

On 22 January 2024, Tajikistan’s President Emomali Rahmon concluded his state visit to Qatar. On that day, he held talks with Sheikh Tamim bin Hamad Al-Thani and the Qatari Minister of Trade and Industry, after which Rahmon held talks with representatives of Qatari business. The Tajik President proposed to his Qatari counterparts the establishment of a joint investment fund as a new mechanism to ensure economic partnership between the two countries. Such bilateral funds are active in Central Asia: examples include the Russian-Kyrgyz Development Fund, the Uzbekistan-Kazakhstan Fund, as well as the investment fund of Kazakhstan and Saudi Arabia…

On 13-15 February this year, Indian Prime Minister Narendra Modi travelled to the Middle East on the formal occasion of attending the regular “World Government Summit”, which is one of the many international forum platforms that have emerged in recent years. Launched in 2015 at the initiative of the leadership of the United Arab Emirates, the World Government Summit is held annually with a different composition of participants in the capital Abu Dhabi. After addressing the forum and holding a number of meetings “on occasion”…

The question of Turkey’s possible integration with Europe has been under discussion for decades and is one of the most problematic issues in post-war European history. Turkey was one of the founders of the Council of Europe in 1949, has been an “associate member” of the EEC since 1964, and officially applied for EU membership on April 14, 1987, but was only granted candidate status 12 years later, at the Helsinki Summit in 1999. Following the Brussels summit of December 17, 2004, accession negotiations with Turkey began on October 3, 2005. Turkey appears to have harmonized its laws with those of the EU…

On December 25, 2023, a meeting of the Supreme Eurasian Economic Council was held in St. Petersburg. As one of the significant successes of the union last year, the meeting participants noted the conclusion of a free trade zone agreement with Iran on the eve of the meeting. Further development of EAEU ties with this country is expected to play an important role in promoting the continental North-South transport routes: they will play an important role in developing the export potential of the union’s member states, since, apart from the Russian Federation…

Once again, let us raise the topic of economics, or even more precisely, geo-economics. Frankly speaking, Western so-called experts, and in this case, not only representatives of the political establishment, but also all sorts of economic “specialists” are completely confused about Moscow’s ability not only to withstand the unprecedented unilateral sanctions of the Western planetary minority, but even more so in the face of the successes shown by the Russian economy in the framework of not only and not even so much confrontation with Western elites, but especially in the framework…

On December 6, 2023, the Intergovernmental Turkmen-Turkish Commission on Economic Cooperation held a meeting in Ashgabat. The participants focused their attention on the prospects of Turkmen gas supplies to Turkey via Iran.  Prior to this event, Turkmenistan had expressed its intention to expand gas exports to the West during the Summit of the Organization of Turkic States, which was announced by the Chairman of the Halk Maslakhaty of the Milli Gengesh of Turkmenistan, Gurbanguly Berdimuhamedov, who acted as an observer. Incidentally, Trans-Caspian supply routes were mentioned at that time…

The number of significant political events across the African continent has increased dramatically recently: not even a month after the signing of the sensational Memorandum of Understanding between Ethiopia and Somaliland, another news story has already taken centre stage. Thus, on 28 January, the military Governments of three Sahel States – Mali, Burkina Faso and Niger – announced their decision to leave the Economic Community of West African States (ECOWAS) with immediate effect. It should be borne in mind that any political changes in the Sahel zone may be of fundamental importance for Russia’s interests…