Central Asia

Daily Memo: Value of Russian Ruble Dips, Naval Drill Off the African Coast

Ruble exchange. The value of the Russian ruble fell on Friday to 75 per U.S. dollar, the lowest rate since last April. The ruble has been in decline against the dollar and the euro since the start of this month due to the introduction of a price ceiling for Russian petroleum products on Feb. 5 […]

Daily Memo: Biden and Modi Discuss Tech and More

Tech partners. Indian Prime Minister Narendra Modi and U.S. President Joe Biden spoke by phone and discussed cooperation in space, semiconductors, supply chains, and...

Daily Memo: Russia Cuts Oil Output, Poland Closes Border Crossing

Slashing production. Russia’s deputy prime minister said Moscow will cut oil production by 500,000 barrels per day in March, following the West’s introduction of...

Daily Memo: Russia’s Budget Deficit

Shortfall. Russia reported a 1.76 trillion-ruble ($25 billion) budget deficit in January, driven by plummeting energy revenue and a steep rise in expenses. Revenue...

Forecast for 2023

Our 2023 Annual Forecast, like those before it, is an attempt to provide a sense of the direction of the world. We do this...

China in Afghanistan: Rare Opportunity or Poisoned Chalice?

The foreign ministers of China and Afghanistan spoke for nearly an hour on Jan. 22 about Afghanistan’s economic development and ensuring the security of...

Daily Memo: Italy’s Energy Deal, Ukraine’s Reshuffle

Italian energy. Italian Prime Minister Giorgia Meloni was in Algeria on Tuesday to meet with President Abdelmadjid Tebboune. Representatives of Italian energy firm Eni...

Daily Memo: Defense Officials Talk Ukraine in Germany

Talking Ukraine. Top defense officials from more than 50 countries, including NATO members, gathered at the Ramstein Air Base in Germany to discuss support...

Daily Memo: The Wagner Group Claims a Victory in Eastern Ukraine

Wagner in control. Yevgeny Prigozhin, chief of private military company the Wagner Group, said on Thursday that the group had taken control of the...

Daily Memo: Russia’s New Markets

Russian gas to Pakistan. Russian Energy Minister Nikolai Shulginov said that the Pakistan Stream gas pipeline project, which will have a capacity of 12.4...

Daily Memo: China’s Weak Growth

Bad news for Beijing. China’s National Bureau of Statistics on Tuesday released economic figures for 2022. The country’s gross domestic product grew by 3...

Daily Memo: Russia and Belarus Start Joint Drills

Boosting cooperation. Russia and Belarus began joint air exercises on Monday amid a buildup of forces in Belarus. Minsk called the drills, which will...

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