Turkmenistan to Supply EU with Natural Gas via Caspian by 2019

According to a new report published by Reuters, the European Union expects to begin receiving Turkmen natural gas as early as 2019. EU Commission Vice President Maros Sefcovic, a Russian-speaking career diplomat from Slovakia, recently held meetings in Ashgabat with the foreign ministers of Turkmenistan, Turkey and Azerbaijan, meetings that were also attended by senior…

Russia: Interest rates cut, further easing expected

Russia cut its key interest rate to 12.5% from 14%, in a bid to mildly boost inflation to keep up the slight build in momentum the economy has gained over the past quarter. This is the third movement by the Russian Central Bank in the past six months, beginning with the controversial and unexpected raising…