Russia: Local elections draw criticism from opposition

Opposition party candidates, hoping to finally secure seats in the Russian Duma later next month, were met with complete failure after regional elections showed that the ruling United Russia party won every regional poll across the country. Other mainstream Russian parties like the Communist party, Liberal Democratic Party, and a Just Russia also made a…

Moldova Confronts Currency, Graft Crises

The Moldovan central bank has intervened to prop up national currency leu at the urging of Moldovan Prime Minister Valeriu Strelet to “take all necessary measures” to slow a seven month decline in the leu’s value. The central bank has raised the national interest rate to 19.5 percent, a jump of two percent. Moldovan central…

Kazakhstan: Central Bank intervenes to stabilize currency

Kazakhstan’s Central Bank just sold another $144 million in dollars from its reserves attempting to stabilize the tenge, blaming the 1.2% daily decline on the actions of “speculators.” Central Bank governor Kairat Kelimbetov allowed on August 20 of last month for the currency to float freely after the Chinese Central Bank allowed the yuan to…

Iran, China to Increase Commercial, Political Ties

Iranian and Chinese diplomats recently convened in Beijing to discuss increased cooperation across a number of political and economic sectors in the coming years. With the removal of sanctions looming, Iranian Foreign Minister Javad Zarif noted that the country would like to play host to a growing number of Chinese firms and attract Chinese investment…

Opposition to Iran Deal Blocked

Democrats in the US Senate blocked a Republican effort to derail the nuclear deal yesterday. By doing so,  the Democrats have essentially ensured that the recently signed nuclear accord will take effect and that President Obama will not have to veto efforts to stop it. The deal has naturally been a prominent issue since it…

Turkmenistan scraps free utilities policy

Turkmenistan has long been known for its rich energy reserves and as a result, has maintained the popularity of its various despotic regimes by providing free public utilities to its citizenry. The government announced today that it will scrap the free provision of electricity, household gas, and water as the economy shows signs of reduced…