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After Prezident Mirziyoyev’s first official visit to the Kremlin, it is becoming increasingly evident that Tashkent is seeking to improve economic relations. There are indications that Uzbekistan is revealing an emerging predilection for attracting Russian investment.
Russia’s Far East is increasingly on the radar of the Russian government. This resource-rich but economically-depressed region has been courted as a new hub to the Asia Pacific. Shadow Governance Intel looks at the increasing number of investment opportunities that this region has to offer.
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Kazakhstan’s banking sector is undergoing a degree of restructuring. The indications are that the sector will undergo several mergers and acquisitions – which will involve banks with ties to the Presidential circle. With suggestions that the country is preparing for political transition, changes in the banking sector can be viewed as an integral part of elite negotiations for a post-Nazarbayev era.
The role the Aliyev family plays in Azerbaijan goes beyond the political. As per the many exposes on the commercial exploits of the Presidential family, Azerbaijan exemplifies the negative economic impact a strong political-commercial nexus can have on a country’s FDI prospects.
In Ukraine, the media landscape is highly manipulated. Oligarchs, who dominate various industries, have realised the influential that control over media carries. In this sense, oligarchic interests in media ownership makes this sector a battleground for interests, rather than the ‘truth’.
Since the independence of Kazakhstan, the media sector has been controlled by the Nazarbayev clan, creating more space for the government to exert influence.
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Russia’s introduction of new tax breaks is yet another example of the Kremlin’s influence over the law-making process. The new fiscal amendment, approved by Parliament and signed by the President, is set to benefit sanctioned friends of the regime.
The new appointment of Azerbaijan’s First Lady as Vice-President is meant to preserve political stability, but this strategy very well may backfire.
The recent visit of EBRD’s President to Uzbekistan signals a new phase in the relationship between the two entities; but may very well prove to be a litmus test for informal networks in Tashkent.
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Destined to be a source of controversy, the layers of the Rosneft privatisation deal are slowly being pulled away. It should be watched closely by foreign investors, as it provides insight into international power plays and their impact on the investment environment.
Despite EuroMaidan and the promises of reform, Ukraine is struggling to attract foreign investment. Are the questionable ties that exist between business and politics self-sustaining in the country?
Political transition draws near, the prospects for change to come through a democratic process is not positive. The most probable scenario is that the government will pass new regulations that will further damage constitutional freedoms.