EBRD Commits $50 Million to Tajik Hyrdropower Plant

The European Bank of Reconstruction and Development has committed $50m to assist in funding the modernization of Tajikistan’s Qairokkum hydroelectric plant. The plant, a 1957 holdover from the Soviet era, is currently the only facility that generates electricity for Tajikistan’s northern provinces, which currently hosts about 500,000 homes. The funds allocated to the project by…

Audit of Afghan Votes Resumes Following Stoppage

A rigorous audit of all votes cast in Afghanistan’s recent presidential elections has resumed following a 48 hour suspension due to irregularities in certain Afghan electoral organizations and a disagreement in certain technical aspects of the audit. The differences have at least ostensibly been resolved, and the nearly 200 teams of auditors have resumed their…

More sanctions against Russia approved by US

US President Obama has decided to increase sanctions against Russia by targeting large banks that support large energy and defense firms. Instead of targeting individuals connected with Russian support of operations in Ukraine and Putin’s inner circle, this new move is far more sweeping. According to White House statements, it will not cut off entire…

Afghanistan – Worst Car Bombing Since 2001 Kills 89

Southeastern Afghanistan was shaken yesterday by a car bomb which struck a market in Paktika Province, obliterating more than twenty shops, killing at least 89 and wounding approximately 40 others. The attack, which took place in the Orgun district of Paktika, does not appear to have been targeted in the same way as recent car…

Grim outlook for Iranian nuclear deal, sources say

Ongoing nuclear negotiations in Vienna between the P5+1 powers and Iran have faltered in recent weeks as the deadline agreed upon last November rapidly approaches. British Foreign Minister William Hague made a public statement that expressed concern about the gulf of differences that remain on any potential agreement, saying that any deal was far from…

Russia and China Spearhead BRICS Development Bank

A BRICS Development Bank will be launched this coming week, and expected to become operational in 2016. The new global banking organization will largely be bankrolled by Russia, China and India, three of the five BRICS nations, the other two being Brazil and South Africa. The organization is being developed largely as an alternative to…