Eurasia / News

IRAN BLOG: Rouhani at UN – “Confronting multilateralism is … a symptom of a weakness of intellect”

Will Conroy in Prague September 25, 2018

Iranian president responds to latest Trump barbs thrown at Islamic Republic from world stage by accusing US of “economic terrorism”. White House National Security Advisor Bolton warns Tehran “if you cross us… there will be “HELL to PAY”.

EU, Russia, China say plan is on the way to shield companies from Trump’s Iran sanctions

Will Conroy in Prague September 25, 2018

Details remain scarce, but EU foreign policy chief refers to payment system to go through a special purpose vehicle. Trump administration "deeply disappointed" by the move.

Crushed: Iran’s rial sinks to 170,000 prior to Trump’s UN address

bne IntelliNews September 25, 2018

Currency started the year at 42,900, while 112,000 bought a dollar at the start of September. Year-to-date decline now 74.8%.

Prepare for snap elections ‘People’s PM’ tells Armenians

bne IntelliNews September 25, 2018

Boosted by landslide victory in Yerevan municipal poll, Nikol Pashinian moves to make post-revolution parliament more representative of the popular mood.

Rouhani, Trump set for bitter UN Assembly clash after terrorist attack on Iranian military parade

bne IntelliNews September 23, 2018

Revolutionary Guard, Nikki Haley and Rudolph Giuliani join in war of words after apparent Arab separatist terrorism. Tehran points finger at Gulf states allied to US.

Tehran scathingly dismisses US offer to negotiate “treaty”

bne IntelliNews September 21, 2018

US special envoy for Iran refers to nuclear deal abandoned by Trump as only a “personal agreement”.

State buyout of Tsesnabank loans might hint at lingering Kazakh banking sector woes

bne IntelliNews September 17, 2018

Conflicting statements on liquidity by country’s second largest lender raise eyebrows.

Ruble fallout sends Kazakh tenge to brink of all-time low

Kanat Shaku in Almaty September 14, 2018

Some local economists argue the link between the two currencies is very much a political phenomenon that is not grounded in good economics.

Breakaway Abkhazia's prime minister killed in car crash

bne IntelliNews September 9, 2018

Gennady Gagulia, who served three times as prime minister of the Georgian separatist republic, is understood to have died of his injuries after another driver hit his car.

Washington relaxes stance on India importing Iranian oil, agrees to consider temporary waivers

bne IntelliNews September 6, 2018

US Secretary of State Mike Pompeo nevertheless insists New Delhi must prepare to reduce purchases of crude shipped from Iran to zero.

IIB and Slovakia technical assistance fund completes pilot anti-money laundering project in Mongolia

bne IntelliNews September 6, 2018

A technical assistance fund jointly established by the Slovak Republic and the International Investment Bank (IIB) has successfully finalised its pilot project, the Moscow-based development bank said on September 5.

Iran ‘may consider rationing’ if economic strife worsens

bne IntelliNews September 5, 2018

With pressure of US sanctions sending economy into a tailspin, MPs suggest rice, meat, bread and sugar might be among restricted products.

Breakaway Abkhazia remains among top destinations for Russian tourists

bne IntelliNews September 5, 2018

The Georgian separatist republic of Abkhazia was the second most popular destination for Russian tourists in the first half of this year, attracting 1.75mn Russian visitors, according to a report from tourism agency Turstat.

Ex-Telia executives go on trial over bribes paid to Uzbekistan’s Karimova

Kanat Shaku in Almaty September 5, 2018

Stockholm court to hear of how $350mn was allegedly paid to now disgraced daughter of late autocrat to secure gains such as 3G and 4G telecom licences.

“Iran’s Amazon” lays off staff as Trump sanctions hit business

bne IntelliNews September 4, 2018

Letter to employees from Digikala company founders points to consumers’ falling purchasing power and difficulties in obtaining imports as US economic attack on Islamic Republic claims more victims.

Iran shifting crude exports to Gulf of Oman amid Strait of Hormuz tensions

bne IntelliNews September 4, 2018

Move means Iranian tankers can avoid world’s most critical oil chokepoint unlike vessels from Saudi Arabia and other regional rivals.

Blair to lobby Salvini for TAP pipeline completion

bne IntelliNews September 4, 2018

Environmental objections in Italy pose threat to last leg of Southern Gas Corridor designed to deliver Azerbaijani gas to EU.

After lull Iran’s rial resumes plunge as markets fret over forex squeeze

bne IntelliNews September 3, 2018

Central bank governor’s remark on exercising far more care in allocating foreign currencies at heavily discounted official rates triggers new phase of devaluation amid US sanctions attack.

Armenia launches criminal case against Lydian for breaching gold mining contract

By Clare Nuttall in Bucharest August 31, 2018

Toronto-listed parent company told to cease activities at Amulsar until nature protection officials complete ecological study.

Iran could abandon nuclear deal warns Khamenei

Will Conroy in Prague August 29, 2018

Iranians should "give up hope" that Europe will salvage the accord, he adds.