nCa Report The practice of countries engaging in mutual trade and settlements using their own local currencies, often facilitated by bilateral currency swap agreements (BSAs), has gained momentum as part of broader dedollarization efforts. These arrangements allow nations to bypass third-party currencies like the US dollar or euro, reducing transaction costs, foreign … [Read more...]
From Economic Pain to Narrative Conflict in Iran
Tariq Saeedi As the world watches the unfolding events in Iran with a mix of concern and speculation, it's easy to get lost in the cacophony of international commentary. The recent protests, which erupted in late December 2025, have once again thrust the Islamic Republic into the global spotlight, highlighting deep-seated economic frustrations and the ever-present shadow … [Read more...]
Central Asia not circumventing Western sanctions
Raza Syed The ongoing war between Russia and Ukraine is forcing the whole world to adapt to a new political and economic reality. Sanctions, counter-sanctions, and the breakdown of existing production and logistics chains are becoming a serious challenge for some, and a matter of survival for other states. The countries of Central Asia are also deeply affected by this … [Read more...]
EBRD report: Anti-Russian sanctions boost Central Asian economies
The countries of Central Asia and the South Caucasus have made impressive progress in developing trade through the intermediary trade of goods from Western countries to Russia. After the introduction of sanctions, the EU's trade turnover with Russia's eastern neighbors increased many times, as did their trade with Russia. Trade turnover within the EAEU increased by 40%in … [Read more...]
New American sanctions – Punishment for people of Iran?
Tariq Saeedi Notwithstanding the showcase rhetoric, the new American sanctions announced on 10 January 2020 are clearly meant to punish the people of Iran for their failure to overthrow the regime. Here is the summary of the press release issued by the US Department of Treasury on 10 January 2020 The new sanctions apply to: Mobarakeh Steel Company (biggest steel … [Read more...]
Bucking the trend and trending the buck
nCa Commentary Ashgabat, 12 June 2013 (nCa) --- Two separate news stories, entirely unrelated to each other, are of immediate importance for Central Asia. Reuters reports that India has offered incentives to its businessmen for exports to Iran. The trade ministry of India hopes that the incentives will help double the country’s exports to Iran, reaching US $ 6 billion … [Read more...]
Поддерживая тенденцию
Комментарий nCa Ашхабад, 12 июня 2013 (nCa) --- Две отдельные новости, совершенно не связанные друг с другом, имеют непосредственное значение для Центральной Азии. Reuters сообщает, что Индия предлагает меры стимулирования по расширению экспорта в Иран. Министерство торговли Индии надеется, что это поможет удвоить объем экспорта страны в Иран, который уже оценивается в … [Read more...]
Polimeks gold case and things much larger
This article was recently published in our paid-subscription publication. It is now being made available for the wider audience. Ed. Polimeks gold case and things much larger Tariq Saeedi Ashgabat, 26 Mar—The Turkish media reported last month that on 22 February a consignment of gold, destined to be carried by a Turkmenistan Airlines aircraft to Ashgabat was … [Read more...]
Золотой разбирательство с компанией «Полимекс» и другое
This article was recently published in our paid-subscription publication. It is now being made available for the wider audience. Ed. Золотой разбирательство с компанией «Полимекс» и другое Тарик Саиди Ашгабат, 26 марта 2013 (nCa) —Турецкие СМИ сообщили о перехвате 22 февраля самолета Туркменских авиалиний, который должен был перевезти в Ашгабат крупную партию … [Read more...]