When Rasulov Bakhtier arrived in Abkhazia in 2012 as a migrant laborer, he had no idea he would be prohibited from returning to his native Uzbekistan via Russia. As a result, Bakhtier, a construction worker and father of two, now finds himself among hundreds of “guest captives” in the separatist enclave.
A diamond deal that gives Armenia duty-free access to rough diamonds from Russia could offer Alrosa, the semi-government-owned Russian diamond company that provides roughly 27 percent of the world’s rough-diamond supplies, a dodge from potential European-Union sanctions, Armenian diamond-industry professionals believe.
Russia’s conduct toward Ukraine and other formerly Soviet states in Eurasia reflects the lack of a cohesive grand strategy on the Kremlin’s part. A critical flaw is that the logic of confrontation inherent in its doctrine of protecting Russian-speakers living abroad contradicts President Vladimir Putin’s intention to forge Eurasia’s economic integration.
The Kyrgyz government’s penchant for trying to revise deals with foreign investors stands to have a big financial backlash. An assortment of angry investors anticipates winning damage awards totaling almost $1 billion in international arbitration.
In his 2013 work, How to Get Filthy Rich in Rising Asia, Mohsin Hamid documents the fate of an ambitious emerging market youngster as he rises from rags to riches and moves from countryside to city, surrounding himself with ever-greater comfort as he grows more affluent.