By cutting off supplies to Iran, Ashgabat has simply strengthened China's leverage on the price of its gas exports.
With tighter regulatory rules looming, life is not going to get any easier for the region’s banks.
The Caucasus and Central Asia is embarking on one of its slowest economic recoveries since independence, as the region continues to battle the effects of low commodity prices and slowdown in key economic partners, the IMF says.
Deep structural change will allow the region to enjoy more sustained and inclusive growth, which will boost living standards and lower poverty for present and future generations.
Lower commodity prices and recession in Russia continue to weigh on Eurasian economies with growth projected to further ease this year.
Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.
Already a subscriber or registered - click here to recover access.
If you a IntelliNews Pro user - click here to login.
Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.
IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.
"No day starts for my team without IntelliNews Pro" — UBS
Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.