The Russian Federation wants its national currency to no longer act like a petrocurrency (national currency of a producing oil country which fluctuates directly proportional to the price of oil). On 5 June 2017, Deputy Finance Minister Vladimir Kolychev declared that, as a result of the operations implemented by the Finance Ministry, the dependency of… Continue reading Oil price and management of the ruble’s influence from Moscow perspective
Tensions between the Kurdish population and the Ankara government continue to cause incidents even after more than 33 years since the Kurdistan Workers' Party began the armed resistance in Turkey. After the ceasefire between Turkey and the PKK, more than 2,000 people died in the clashes between Turkish security forces and party supporters. The coup… Continue reading The conflict between Kurds and the Turkish government is experiencing new developments
On June 19, 2017, The Council of the European Union adopted the conclusions of the European Union Strategy for Central Asia, 10 years after the first strategy was signed. Thus, the Council of the European Union, through the official delegates of its member states, recognizes the importance of this region’s states as partners of the… Continue reading Recent evolutions regarding the economic relations between Europe and Central Asia
The confrontation between India and China in the Doklam border region ended after the countries decided to withdraw the troops from the area. They have reached an agreement on 28th of August 2017 as a result of weeks of sustained diplomacy. The tensions started on 16th of June 2017, when the Chinese army started the… Continue reading Tensions have unexpectedly de-escalated at the border between India and China
According to article IV of the International Monetary Fund Agreement, the Fund organizes each year consultations with its member states. These consultations are concluded with a final report which includes present economic and financial information for that state. On the 15th of August 2017, the Executive Committee of IMF announced the finalization of China consultations,… Continue reading IMF’s Annual Economic Report on China
The project developed by Russia and China involves the construction of a pipeline in order to supply natural gas from the Siberian fields to China over a period of 30 years. According to Alexey Miller, Chairman of the Management Committee at Gazprom, the details of the agreed price of the business are considered a commercial secret. However, according to… Continue reading The Russian Federation will supply the People’s Republic of China with gas for 30 years starting from 2019
China has in its development strategy an initiative since 2013 called One Belt One Road (OBOR) which entails creating new economic corridors both on land and sea, uniting Asia with Africa and Europa. China wants to build infrastructure, capitalize resources and to create commercial routes between Beijing and the countries of Central Asia, Europe, Africa… Continue reading The construction of China – Thailand railway goes forward
The S-500, also called Prometey (eng. Prometheus) or 55R6M Triumfator-M, is an air defense system currently under development in the Russian Federation. According to TASS news agency, the deputy CEO of Almaz-Antey, company that is developing this system, stated on the 20th of July of 2017 that “The Almaz-Antey defense manufacturer is completing the trials of a… Continue reading The S-500 Air Defense System: Description and Advancements
Iohana VOICU and Daniel DINU The Euro-Atlantic Diplomacy Society (EAD Society) hosted the “Defense and Dialogue in Eastern Europe” Forum between the 1st and the 2nd of August, 2017, in Bucharest, Romania. The forum is part of a series of events, “Defense and Dialogue in Eastern Europe” (DDEE), that took place this year between July 31st-August 5th, and… Continue reading The EAD Society hosts the „Defense and Dialogue in Eastern Europe” Forum
President Donald Trump signed on August 2nd, 2017, the Countering America's Adversaries Through Sanctions Act, through which the US imposes new sanctions against Iran, Russian Federation and North Korea. The draft was debated during the last month and initially it contained sanctions only against Iran and the Russian Federation. The draft bill was adopted by… Continue reading The Russian Federation and Iran respond to the new sanctions bill signed by Donald Trump
