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No clear endgame for Kyrgyz war with gold miner

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KYRGYZSTAN

Although tensions around revenue-sharing from the mine have recurred over many years, the government's move to deprive Canada's Centerra Gold of control of KGC (which it owns) and…

Russia reluctant to adapt farming to climate change

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RUSSIA

Russia is the world's leading wheat exporter and is trying to build its livestock sector. Intensive, polluting production methods are at odds with other environmental imperatives…

Russia will both contest and adjust to EU carbon tax

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RUSSIA

Additional EU taxes on carbon-intensive energy and other products could cost Russian industry up to EUR50bn (USD59bn) before 2030. With some corporate exceptions, Russia's…

Sound finances will help Russia navigate dual shocks

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RUSSIA

The collapse in commodity prices, above all oil, plus the impact of an extended lockdown have depressed Russia's exports, investment and consumption. The economic prospects could…

Higher tax to replace Russia's metal export duty

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RUSSIA

Officials are trying to correct high domestic prices which they see as unjustified, and to claw back what they regard as excessive profits earned by metals companies.

Pace of Russian recovery will shape investors' return

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RUSSIA

Russia's efforts to present a friendlier image to foreign investors.

Uzbek reforms are dynamic but rely on leader's drive

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UZBEKISTAN

Since coming to power in 2016, Uzbek President Shavqat Mirzioyev has launched wide-ranging structural and economic reforms. There has been progress on economic change, although…

Kazakh government realistic on oil and COVID-19 shocks

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KAZAKHSTAN

In response to the new macroeconomic realities, the government put on hold the fiscal consolidation plans it announced earlier and allocated 4.4 trillion tenge (10.1 billion…

EU oil ban will bite into Russia's budget and GDP

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RUSSIA

Oil sales to the EU netted an average USD10bn in March and April; this revenue stream will be lost if European leaders can agree unanimously on a ban. Refined products as well as…

Shipbuilding will thwart Russia’s naval modernisation

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RUSSIA

The change of management at OSK signals the Kremlin’s dissatisfaction with the slow pace of Russia’s protracted naval modernisation programme. Vast sums were spent yet only a…