Eurasia / News

ANALYSIS: Iran drags UK further into showdown with US as it captures oil tanker

Will Conroy in Prague July 19, 2019

Latest move from Tehran against Trump’s “economic war” sparks calls for international coalition to escort all commercial vessels through the Persian Gulf.

FRONTIER MARKETS: Oltin fund to be first internationally listed Uzbek security

bne IntelliNews July 16, 2019

Specialist LSE listing to provide investors with chance to get in early on Uzbekistan’s move from Soviet-type economy to market economy.

Europe’s Iran nuclear deal policy “insolent” says Khamenei

bne IntelliNews July 16, 2019

Jibe follows meeting of EU foreign ministers at which delicate question of accepting Iranian oil in barter trades arose.

Sberbank reportedly sues ex-owner of Antipinsky refinery Mazurov

bne IntelliNews July 16, 2019

The troubles of Russia's largest independent vertically integrated refinery Antipinsky led Sberbank to prepare to bankrupt the company, while London courts froze €225mn worth of assets.

Kazakhstan hikes car output

Kanat Shaku in Almaty July 12, 2019

Neighbouring Uzbekistan produced six times more cars than Kazakhstan in 2018 — but that could change with the launch of a new $1.1bn Chinese-Kazakh joint venture.

Russian State Duma calls for sanctions on Georgia, but Putin urges restraint

bne IntelliNews July 10, 2019

The Duma proposed a ban on imports of Georgian wine and mineral water amid a spike in tensions between the two countries.

Kazakhstan sign agreements with Total and Eni on offshore Abay block and Dunga oil field

Kanat Shaku in Almaty July 8, 2019

Thanks to gradual economic recovery in 2017-2018, foreign investor interest in Kazakhstan has been on the rise.

Georgian opposition TV host delivers expletive-laden philippic against Russia

bne IntelliNews July 8, 2019

Rustavi 2 host used some of the strongest swearwords in the language in his monologue that followed a week of protests sparked by a Russian deputy's speech to the Georgian parliament.

General Motors completes pull out of GM Uzbekistan, company renamed UZAUTO

Kanat Shaku in Almaty July 5, 2019

Uzbek state-run car producer GM Uzbekistan has been renamed UZAUTO Motors, after the US company completed its withdrawal from the country, GM Authority reported on July 3.

Iranian oil tanker detained by Royal Marines in Gibraltar

bne IntelliNews July 4, 2019

Marines surrounded and detained the Panamanian-flagged supertanker The Grace 1 on suspicion of carrying oil to Syria’s Banyas port.

Kazakhstan’s Astana International Exchange lists first exchange-traded fund

Kanat Shaku in Almaty July 4, 2019

ITI Funds became the first provider to list an exchange-traded fund (ETF) on Kazakhstan’s Astana International Exchange (AIX) on July 3.

Hundreds of Kazakh oil workers protest at Tengiz oilfield, brawl with foreign workers

bne IntelliNews July 1, 2019

Kazakh oil workers rallied to protest unequal labour and pay conditions among local and foreign workers.

Iranian Guardian Council clears EEU temporary free trade agreement

bne IntelliNews June 30, 2019

Iran’s top legal vetting committee, the Guardian Council, has confirmed the bill of temporary agreement for launching a free trade agreement between Iran and the Eurasian Economic Union (EEU), according to Mehr News Agency on June 27.

Seven New Europe members of PACE walk out in protest against Russia’s readmission

Ben Aris in Berlin June 27, 2019

The decision has split the Council down the middle. Almost all of the western European members voted overwhelming to allow Russia back in. However, countries close to the Russian border voted against readmission.

President Tokayev showers debt relief on restive Kazakh population

bne IntelliNews June 27, 2019

Two weeks after the election period tumult he steps forward with order to help half million low-income borrowers repay bank sums. Says state assistance just short of billion dollars will eventually help more than 3mn people.

Iranian president says White House “afflicted by mental retardation”

bne IntelliNews June 25, 2019

Hits out at Trump administration’s “outrageous and idiotic” decision to impose sanctions on supreme leader and foreign minister. US president bristles, tweets threats of "obliteration".

Disgraced daughter of late Uzbek dictator pleads for clemency

Kanat Shaku in Almaty June 25, 2019

Gulnara Karimova makes move after $1.2bn of her assets are reclaimed by Uzbekistan. Once known as the country’s “most hated person” and accused of massive telecoms and other corruption, she is languishing in jail with health problems.

Georgian protesters attempt to storm parliament after "protocol blunder" with Russian MP

Iulian Ernst in Bucharest June 21, 2019

Scores injured after crowd incensed at lawmaker taking the speaker’s chair is pushed back with rubber bullets and tear gas.

Trump tells world to ‘wait and see’ how US will respond to Iran shooting down drone

bne IntelliNews June 20, 2019

Anxieties over conflict in Middle East grow as day also sees Iranian-backed Houthis hitting Saudi desalination plant with apparently sophisticated missile.