Published in Analytical Articles

By Stephen Blank (02/18/2015 issue of the CACI Analyst)

In early 2015, oil prices are in free fall and the ruble’s value is plunging along with it.  Though Russia is the immediate target or victim of these trends the repercussions of its economic crisis are already manifesting themselves throughout the CIS and affecting the economies of Central Asian and South Caucasian states. Economic crisis due to falling energy prices immediately throws failures of economic and political governance, like excessive borrowing and vanity projects, into sharp relief. But when this occurs in tandem with the depreciation of the Russian ruble and the inability of Russian firms to access foreign capital, the challenges to these states, all of whom are to varying degrees connected to the Russian economy, grow by an order of magnitude.

Published in Analytical Articles

By Emil Souleimanov (02/18/2015 issue of the CACI Analyst)

The recent attacks in Paris against the studio of satirical journal Charlie Hebdo, known for its caricatures of Muhammad, have sparked heated debates in Dagestan. While Dagestanis have primarily focused on evaluating the implications of this single case of lethal violence, their debates have unfolded against the background of increasingly frequent attacks carried out by members of local jihadi groups – jamaats – against targets deemed anti-Islamic according to Salafi dogma.

Published in Analytical Articles

By John C.K. Daly (02/18/2015 issue of the CACI Analyst)

The Caucasian post-Soviet nations, led by oil-rich Azerbaijan, are expanding their rail, road and air networks to attract rising Eurasian trade. Speaking at Davos, Georgia’s Prime Minister Irakli Gharibashvili underlined the importance of the joint projects being implemented with Turkey and Azerbaijan, particularly the just opened Baku-Tbilisi-Kars (BTK) railway. Gharibashvili told his audience, “Once operational, it will reduce the period for shipment from China to European markets by more than half and shorten the distance by almost 7,500 km.” Given its energy revenues, Azerbaijan is the driving force behind these changes.

Published in Analytical Articles

By Sudha Ramachandran (01/22/2015 issue of the CACI Analyst)

Afghanistan’s President Ashraf Ghani’s recent visit to Beijing was an important milestone in Sino-Afghan relations as it marked the start of China’s enhanced role in Afghanistan, especially as a peacemaker in the war-ravaged country. While Beijing’s close ties with Pakistan will come in handy in dealing with the Taliban, the road to building stability in Afghanistan is littered with landmines. Can Beijing succeed where mightier powers such as the Soviet Union and the United States did not?

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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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