In our last update, we referred to “the Dangerous Month of October” (October 1st). So far, this is unfolding.
Quarterly summary update covering key themes and trends in the Renewable Energy industry in Central Asia.
The four provinces controlled by the Russian military in eastern Ukraine have, unsurprisingly, voted to join the Russian Federation. The Federation Council is expected to approve the applications on October 4th and President Putin (who will be 70 years old on October 7th) is expected to sign the legislation shortly afterwards.
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All Caspian littoral states are major producers and exporters of hydrocarbons. All have reported a big increase in export receipts since February and are expected to report improved macro performances this year.
Uzbekistan is one of the two double landlocked countries in the world. The development of modern transportation and logistics systems is of key importance.
President Zelensky has said that there can be no peace deal with Russia until Crimea is returned to Ukraine. This is a hardening of his position as previously he set the condition as a return to the pre-February 24th position.
Turkmenistan is a beneficiary of the rise in global energy prices and efforts to diversify supply by major importers. Serdar Berdymukhamedov was closely involved in policy while his father was the leader. No major changes are expected, at least not over the medium term.
Presidents Putin and Erdogan will meet again on August 5th in Sochi. Turkey has positioned itself as a peace mediator but, so far, without success.
Uzbekistan: Power & Influence – How Decisions are Made. No business can succeed in any country without company management understanding how that country is run, decisions made, and disputes handled. It is equally important to understand the background, ambitions and motivation of the leader and the senior officials.