Demographic Trends Boost Growth Expectations. Population growth is a contributor to economic expansion. The population of Central Asia is currently 121.4 mln and it is projected to grow to 161 mln within 15 years.
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.
At the end of September, President Mirziyoyev appointed Jurabek Mirzamahmudov as Energy Minister as well as Deputy Prime Minister with oversight of the fuel, energy, and the chemical industrial complex. This means the government again has six Deputy Prime Ministers.
The monthly polls by the Levada Center reported a tangible fall in support for President Putin, the Russian government, and the special military operation (SMO) in Ukraine. This decline followed the announcement of partial mobilization on September 21st.
New this week: October 7th: A Presidential Decree sets new rules for some Sakhalin-based production sharing agreements (PSA) operated by Exxon, on a similar model to other Sakhalin PSAs.
New this week: October 2nd: The Russian government imposed a retaliatory ban on trucking in Russia for companies from the EU countries, Norway, Ukraine and the UK. The decree comes into force on October 10th and will be valid until December 31st .
The Russian economy remains in a fragile balance after the slide posted in 2Q22. On one hand, the domestic output is supported by strong energy prices, rising government expenditures, especially in the defense sphere, a good harvest, and the improved stability of prices and the financial areas, not least because of the surprisingly resilient ruble exchange rate.
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.
For the first six months of the Ukraine war, most of Washington dismissed the notion that Russia might resort to nuclear weapons to resolve the conflict. In recent days, the level of concern has increased sharply, although it still is far below panic.