Russia, Ukraine and CIS | Acino

Chinese and other Asian banks and aircraft leasing companies have now became major participants in Russia, in some circumstances replacing traditional Western peers. Looking for extra margin on a global plain and driven by the Chinese “belt and road” initiative aimed to re-establish old relationships, these Asian counterparts often team up with established Russian or the CIS-focused leasing companies that already possess broad local knowledge and experience (such as State Transport Leasing Company ("STLC") or AviaAM Leasing). In some circumstances, risks are shared and, in others, parties work together towards achieving common goals. There is also a growing interest of Russian leasing companies in developing and building diversified investment portfolios backed by a combination of local and Asian lessees and intentions to establish platforms physically located in Hong Kong or Singapore to achieve these purposes.

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Commonwealth of Independent States - Wikipedia

The transition from a Soviet republic to an independent state in 1991 brought many changes. The former leader of the Turkmen Soviet Socialist Republic, Saparmurat Niyazov, who went by the name (leader of the Turkmen people), dominated the presidency for fifteen years. Through his authoritarian rule, he promoted a traditional culture—with Islam as the predominant religion—and was notorious for developing a cult of personality. For example, he changed all the names of the days of the week and the months of the year to his name, the names of his family members, and the names of Turkmen heroes or famous people. Turkmenbashi’s image was printed on the currency, and large posters of him could be seen throughout the country. His book on important concepts, the (), was to be read by all schoolchildren and the public. After his death in 2006, many of his actions were reversed. The country continues to transition to a stable democratic state, though many of the same dynamics of corruption and authoritarian rule remain.

Cis Map of the Commonwealth of Independent States …

A major part of the southern portion of the once thriving sea is located in Uzbekistan, which has not contributed the economic attention necessary to halt the sea’s continued deterioration. The remaining western portion of the Uzbekistan side of the Aral Sea will continue to shrink if measures are not taken to address the loss of water from the Amu Darya River. The eastern side was completely dry by 2009. Uzbekistan has responded to the situation by contracting out to various multinational oil companies from Korea, China, and Russia to explore for oil beneath the dry seabed.

In that time, the conference has established itself as the most important event of the petrochemical industry in the entire CIS region.

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Dushanbe, the capital and largest city of Tajikistan, is situated on the confluence of two local rivers and is famous for its Monday markets ( means “Monday” in Tajik). Dushanbe, like Ashgabat in Turkmenistan, was originally a small village; it became an administrative center for the region when the Soviet army conquered the area in 1929. Similar to many of the other cities and regions in Central Asia, the Soviets transformed the political and economic landscape and made Dushanbe a center for cotton and silk production. The Soviets also transformed the cultural and ethnic makeup of the city by relocating tens of thousands of people from Russia and other regions of Central Asia to Dushanbe.

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Kyrgyzstan’s transition from a Soviet republic to independence was not smooth. The loss of the state social safety net pushed the economy further to the informal sector, where trading and small transactions for personal survival are common. Shortages of consumer goods occur in rural areas and small towns. Kyrgyzstan is an isolated country that has been working to integrate itself into the global economy through technology and modernization. In 2010, clashes between Uzbeks and Kyrgyz brought about riots in the streets of major cities, resulting in more than two hundred casualties and three hundred thousand displaced citizens. After the situation cooled down, the government worked to stabilize itself with new leadership.

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Turkmenistan is blessed with the fourth-largest natural gas reserves in the world; the top three are Russia, Iran, and the United States. The income from natural gas exports has become the country’s greatest means of gaining wealth. Because Turkmenistan is landlocked, its government has been forced to partner with Russia to use of Russia’s pipelines to export the natural gas. Not wishing to rely on Russia’s monopoly on the pipelines, Turkmenistan developed an additional pipeline to China to help boost income and profits. Many international corporations are seeking to do business in Turkmenistan and Central Asia to corner a piece of the vast natural resources. Corporate colonialism is extremely active and has contributed to a high level of corruption in the government and the business sector. It is unclear how much of the country’s wealth filters down to most of the population. Over the past decade, unemployment rates have exceeded 50 percent, and more than half the population lives below the poverty line.