Since the beginning of 2015, we, the Eurasian Research Institute decided to prepare weekly ebulletins to evaluate the important developments in the Eurasian region and to share these e-bulletins with the readers.
After suspending the Free Trade Agreement with Ukraine from January 1, 2016, Russia imposed a food embargo on Ukraine and blocked the transit of Ukrainian goods heading to Central Asian countries and China.
Central Asian region possesses huge amount of gas reserves: Turkmenistan – 17.5 trillion m3 , Uzbekistan – 1.6 trillion m3 , Kazakhstan – 1.9 trillion m3 .
Since the beginning of 2000’s Kazakhstan’s economy has grown rapidly, even the global economic crisis did not have a significant effect on the economy.
Theoretically, deposits are the best source of funding for the banks in terms of availability and cost. Due to the significant developments in financial markets in 1990’s and 2000’s, the share of deposits in banks’ funding slightly decreased.
Uzbekistan is a large producer of oil and oil products in Central Asia. The supplies, however, no longer meet the demand for oil products in the country.
Kazakhstan is rich for natural resources, especially crude oil. It possesses 30 thousand million barrels, which places it in the top 15 in the world’s ranking.
On 1 January 2015, the Eurasian Economic Union (EEU) was established by three former Soviet Republics (Kazakhstan, Russia and Belarus).
The decision of principle to launch a new dialogue format between the U.S. and Central Asian countries was made during the UN General Assembly in New York on September 26, 2015. After On the sidelines of the UN General Assembly the U.S.
In 1960s the Aral Sea was the fourth largest sea in the world. However, over the years, the sea has been gradually shrinking, leading to one of the greatest global environmental catastrophes of the desiccation of the Aral Sea.