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.
The Refugee agreement between Turkey and EU has based on the “one in-one out” rule meaning all refugees arriving in Greece through Turkey will be send back to Turkey if their asylum request has been rejected.
Speaking of the political system of Iran the consideration must be given to the fact that the Iranian politics operate within the framework of theocracy.
Kazakhstan enjoys abundance of energy resources, including natural gas. Yet, having possessed nearly 2 trillion cubic meters of gas, the production level in the country is rather limited.
Founded in 2001, the Shanghai Cooperation Organization (SCO) now has China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan as its full members, with Afghanistan, Belarus, India, Iran, Mongolia and Pakistan as observers, and Armenia, Azerbaijan, Cambodia, Nepal, Sri L
On 11 February 2014, the National Bank of Kazakhstan (NBK) made the decision to stop maintaining the exchange rate at the previous level and to provide its third tenge devaluation, when the national currency devaluated to 20%.