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For the past year, growth was driven by growing exports to Russia and the easy availability of Russian loans. This contributed to robust growth in manufacturing and agriculture…
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DOI: 10.1108/OXAN-DB289335
ISSN: 2633-304X
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Geographic
Topical
Economic growth in Central Asia has been strong since the COVID-19 pandemic. Shifts in trade and financial flows due to the war in Ukraine have boosted output. Rising investment…
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DOI: 10.1108/OXAN-DB288939
ISSN: 2633-304X
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Geographic
Topical
With sanctions barring access to Western aircraft, Moscow intends to develop fully indigenous production and to replace hundreds of foreign-built airliners with domestic…
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DOI: 10.1108/OXAN-DB286854
ISSN: 2633-304X
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Geographic
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Operating restrictions on Western firms since 2022 have expanded into expropriation risks over the last year. This month Putin signed a decree to authorise the seizure of US…
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DOI: 10.1108/OXAN-DB287272
ISSN: 2633-304X
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The decree targeted a rise in the value of agricultural production of at least 25% above the output of RUB7.6tn (USD86bn at current exchange rates) recorded in 2021. Putin also…
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DOI: 10.1108/OXAN-DB287538
ISSN: 2633-304X
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Geographic
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Although Russia's economy continued to expand briskly in the first quarter, future growth will be at risk if current imbalances in the labour market are not addressed. Labour…
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DOI: 10.1108/OXAN-DB287604
ISSN: 2633-304X
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Geographic
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The completion of residential housing units reached a post-Soviet record of 110 million square metres. This strong expansion in construction activity was demand-led, stimulated by…
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DOI: 10.1108/OXAN-DB286017
ISSN: 2633-304X
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Geographic
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The war in Ukraine, Western sanctions and the redirection of external trade away from Europe towards new partners all required a surge in investment. The bulk of new investment…
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DOI: 10.1108/OXAN-DB286245
ISSN: 2633-304X
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Geographic
Topical
Tokayev has also criticised regional officials for relying excessively on budgetary funding and not doing enough to attract private capital. However, structural economic and…
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DOI: 10.1108/OXAN-DB285674
ISSN: 2633-304X
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Geographic
Topical
However, although output has grown, a tight labour market and persistent inflation have created new problems. The reorientation of trade away from Europe has resulted in a…