Ukraine imposes retaliatory sanctions against Russia

Ukraine’s parliament voted for the bill allowing the Cabinet of Ministers to impose tit-for-tat sanctions against Russia. The amendment to the law of Ukraine on International Business Activity authorizes economic penalties against Russia in response to discriminatory actions of the aggressor state. 291 MPs, that is more than necessary number of lawmakers (226) voted in…

Kyrgyzstan: Progress on hydroelectric plants halted

Investment in hydroelectricity in Kyrgyzstan has come to a standstill and the government has announced that it is courting new investment partners. A new report published by The Diplomat and a recent government announcement indicate that the country will look beyond Russia, its traditional partner in hydroelectric development, for financing due to ambiguous signs coming…

Georgian Prime Minister Irakli Garibashvili resigns

Georgian Prime Minister resigned on Wednesday after two years in the office, just a year before an upcoming parliamentary election. In a televised address to the nation, Irakli Garibashvili gave no specific reason for the decision, saying the prime minister’s position was never an end in itself, but an opportunity to serve the country and…

The US imposes further sanctions on Russia

The Obama administration tightened economic pressure on Russia over its intervention in Ukraine by imposing further sanctions on some Russian individuals and companies. Most of the targeted groups were associates or bank subsidiaries of people and companies already sanctioned before by the Treasury Department’s Office of Foreign Assets Control. The group includes 34 people or…