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Russia cannot expect Central Asian backing for war

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CENTRAL ASIA

Russia's invasion of Ukraine places Central Asian governments in an awkward position. They are economically dependent on Russia and vulnerable to President Vladimir Putin's…

Kazakhstan-China ties will grow as Russia disappoints

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KAZAKHSTAN

Bilateral ties are strengthening and Kazakhstan is increasingly betting on China as the best available source of long-term investments, Kazakhstan's deputy minister of investments…

Prospects for Central Asia in 2019

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PROSPECTS 2019

Prospects for Central Asia in 2019.

Kazakhstan reliant on Russia but not compliant

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KAZAKHSTAN

Russia has long had ambitions to invest the EEU with political as well as economic function, but Kazakhstan has resisted this strongly. The Kazakh authorities still see the EEU as…

Tajik and Kyrgyz economies show unexpected strength

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TAJIKISTAN/KYRGYZSTAN

Both have avoided the deep economic crisis that seemed likely in the spring. Income from remittances, on which both rely heavily, has recovered after a dip following the invasion.

Economic stress drains CIS sovereign wealth funds

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CIS

Concern about the need to preserve one of the SWFs to support the pension system is probably a major reason behind the rejection. The Ministry of Economic Development had already…

Russia spillover, low oil price will challenge Astana

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KAZAKHSTAN

The slowing down of Kazakhstan's economy continues against a background of slow global growth, the turbulent economic situation in Russia and low oil prices. Lower-than-projected…

WTO accession will bring slow benefits for Kazakhstan

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KAZAKHSTAN

Kazakhstan's WTO membership.

Low oil price will test Kazakhstan's finances

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KAZAKHSTAN

Falling oil prices have the potential to cause further political instability and to strain Kazakhstan's energy-dependent finances. On January 16 Astana announced that it was…

Kazakh leader retires but has succession plan in hand

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KAZAKHSTAN

Although the timing of Nazarbayev's announcement was a surprise, a handover has been long expected and a succession plan appears to be in place. Senate speaker Kassym-Jomart…