Tag Archives: Kazakhstan

Sino-Russian gas deal: Alliance or partnership?

Does the recent gas deal between Russia and China signal a broader geopolitical alliance between the two countries, or is it simply an economic partnership? The recent announcement of a massive $400 billion gas deal between Russia and China has rightly been taken as part of a Russian pivot eastward, alongside increasing joint military exercises […]

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Vladimir Putin

Putin wins with Eurasian Economic Union

Russia, Kazakhstan and Belarus recently agreed to establish the Eurasian Economic Union. Like the Custom Union before it, Russia looks to benefit the most. On May 29, Russian President Vladimir Putin, Kazakh President Nursultan Nazarbayev and Belarusian President Alexander Lukashenka met in the Kazakh capital of Astana to sign a treaty authorizing the establishment of the […]

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mexico energy oil pump

Political risk is alive and well in the global oil industry

Despite innovation in the US oil patch, the big stories in oil still lie outside the US—where hydraulic fracturing and innovation in drilling technology are unlikely to play a major role in its extraction. The oil business is likely to remain messy for the foreseeable future. For better or worse, oil will remain central to […]

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Kazakhstan to increase privatization of state-owned companies

Privatization could stimulate foreign investment and aid in the growth of the Kazakh economy, but not without major challenges. Kazakhstan has announced a wave of privatization to bolster foreign investment in the Central Asian republic. The reforms could be the largest since the end of the Soviet Union. Of the 599 companies included in Kazakhstan’s sovereign […]

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China Kazakhstan pipeline

Chinese energy investments drive Moscow’s interests in Central Asia

With Russia’s economy in crisis and Central Asia coming in focus of Chinese energy strategy, the region is experiencing a long-term geopolitical shift. Central Asian (CA) states, Kazakhstan, Turkmenistan, Uzbekistan, Kyrgyzstan and Tajikistan, have been part of the Russian interest sphere since the mid-19th century, first as part of Russian empire and later as the […]

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Alexander Cooley soldiers Great Games

Book Review: Great Games, Local Rules

In his recently published book Great Games, Local Rules: The New Great Power Contest in Central Asia, Alexander Cooley offers a penetrating analysis of the geopolitical maneuvering and strategies pursued by the United States, China, and Russia across Central Asia in the decade after the September 11th attacks. Alexander Cooley, a professor of International Relations at […]

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Kazakhstan railroad

Kazakhstan aims for larger share of China-Europe transit trade

Kazakhstan is in the middle of an ambitious railway modernization project that the Kazakh state hopes will upgrade its status as a transport hub in the middle of the Eurasian landmass. All of the Central Asian nation’s 302 terminals are to be overhauled and 1,500 kilometers of new rails will be laid by 2020, according to the […]

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Armenia to Join Eurasian Customs Union

Last week, Armenia publicly announced it would join the Russian-led customs union in a move that stunned EU officials, who already had completed negotiations on comprehensive free trade and political agreements. Those agreements were all set to be signed at an EU Eastern Partnership summit in Vilnius, Lithuania. Armenia has been a WTO member since […]

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Kazakh tenge

Kazakhstan Pegs Tenge to Foreign Currency Basket

Starting September 2, Kazakhstan will peg its tenge to a basket of foreign currencies, effectively ending that managed float that was put in place in March 2011. The basket will include the US dollar with 70% exposure, the euro with 20% exposure, and the Russian ruble with the remaining 10%. This marks a change from […]

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Viktor Yanukovich

Ukraine Moves Closer to Europe

In spite of Russian president Vladimir Putin’s warnings to Ukraine that he will take “protective measures” if the country signs a trade pact with the EU, Ukraine seems to be taking the Western route. Ukrainian president Viktor Yanukovich has re-affirmed his commitment to signing trade and other political association agreements during an EU Eastern Partnership […]

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