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Kazakhstan to launch customs monitoring to avoid circumventing Russia sanctions

Kazakhstan has announced that it will launch an online system that will track all goods crossing its borders from 1 April in an attempt to demonstrate that it is complying with Western sanctions on Russia.

patrickn97 Fri, 03/24/2023 - 11:15
IMF reach staff-level agreement to give Ukraine $15.6bn loan
On Tuesday (21 March) the International Monetary Fund (IMF) located in Washington D.C. announced that it had reached a staff-level agreement with Ukraine for a 48-month financing package worth about $15.6 billion. The BBC also reports that it is the first loan that the organisation has granted to a country at war. In a statement, the IMF announced that the Extended Fund Facility (EFF) "aims to support the Ukrainian authorities anchor policies that sustain fiscal, external, price and financial stability, and support the ongoing gradual economic recovery, while promoting long-term growth in the context of post-war reconstruction and Ukraine’s path to EU accession". The agreement must however still be ratified by the IMF's board, and follows months of negotiations between IMF staff and Ukrainian authorities. The executive board of the IMF is expected to discuss approval in the coming weeks.
patrickn97 Wed, 03/22/2023 - 07:18

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Unstable oil prices after Saudi Arabia and UAE fail to agree on supply rates
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Unstable oil prices after Saudi Arabia and UAE fail to agree on supply rates

6 July 2021
Oil prices jumped to a new high after a disagreement between Saudi Arabia and the UAE about oil production quotas. West Texas Intermediate crude advanced to $76.98 a barrel, the highest since November 2014, as the OPEC+ talks are postponed indefinitely. Meanwhile, Brent crude, the global benchmark, maintained its three-year high of about $77 a barrel. 
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Opinion
Opinion: Containing China is no longer possible despite the fact that many want to
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Opinion: Containing China is no longer possible despite the fact that many want to

28 June 2021
China was on everyone's lips at numerous summits and international gatherings in the last days and weeks, writes Benyamin Poghosyan in this op-ed for commonspace.eu. "China will be among the key world players throughout the 21st century; it will be the number one economic power, and all have to accept and adapt to this reality. No one has the necessary capacity to contain China, despite the fact that many want to, for the moment for doing that has passed." 
Benyamin Poghosyan
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Kazakhstan rebuffs talk of joint EAEU response to Western sanctions
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Kazakhstan rebuffs talk of joint EAEU response to Western sanctions

7 June 2021
The government of Kazakhstan, in a statement issued on Saturday (5 June) rebuffed the idea of such a joint response raised last week by Russian deputy foreign minister Alexander Pankin who said that the Eurasian Economic Union (EAEU), which brings together Belarus, Kazakhstan, Russia, Armenia and Kyrgyzstan, was working on a “consolidated response” to Western sanctions against some of its members.
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