Eurasia Press & News

As Turkey’s annual inflation eases further in May, eyes are on the policies the reelected president’s new economic team will pursue with Mehmet Simsek at the helm. Turkey’s year-on-year inflation dropped to 39.59% in May, official data released on Monday showed, broadly in line with expectations after the government made …

The kingdom wants to diversify its economic partnerships and values China with regards to energy and geopolitics, according to one expert. Saudi Arabia and China will participate in a business conference in Riyadh this month, expected to draw major businesses and investment firms, as the kingdom continues to pursue stronger …

The move is the latest sign of rapprochement between the two countries since reaching a China-brokered deal to resume ties. Iran will reopen its diplomatic missions in Saudi Arabia on Tuesday, the Iranian Foreign Ministry said, months after the two countries signed a China-brokered agreement to restore ties after a …

Fidan will come under spotlight after steadily keeping a low profile during his tenure as the nation’s youngest spymaster. Turkey’s shadowy and low-key intelligence chief Hakan Fidan is set to step into the limelight and take the helm of the country’s diplomacy after Turkish President Recep Tayyip Erdogan tapped him …

Following Russia’s invasion of Ukraine in 2022, Western governments implemented a suite of sanctions on Russian businesses, escalating the sanctions they implemented following Russia’s annexation of Crimea in 2014. The goal in both cases was to inflict enough pain on Russian elites that they would pressure Vladimir Putin to reverse …

For centuries, Russian authorities have modified their approach to managing the country’s large, diverse population, held together by an ethnic Russian core. The war in Ukraine has again altered the Kremlin’s strategy of managing its complex domestic demographics. Despite the absence of a clear definition of “ethnic group,” the term …

When jailed Turkish politician Selahattin Demirtas apologized for his pro-Kurdish party’s poor performance in recent Turkish elections, he did more than take responsibility. Mr. Demirtas implicitly questioned the notion that Turks vote primarily along ideological and identity lines rather than based on assessing which party will best further their economic …

Recent events have shown central banks and policymakers can deal with sizable financial stress without compromising their inflation-fighting stance. Regulators and central banks were able to contain contagion from the collapse of Silicon Valley Bank and other US regional banks, as well as Credit Suisse in Switzerland, without retreating on …

Joe Biden had much experience in foreign policy before being elected president, but he is certainly no Richard Nixon. Although Nixon had to resign because of domestic corruption linked to the U.S. war in Southeast Asia, he was masterful in driving a wedge between the two communist great powers—Maoist China …

Russia’s Defense Ministry announced early Monday its forces had thwarted a large Ukrainian attack in the eastern province of Donetsk, though it’s unclear if this was the start of a Ukrainian counteroffensive. The ministry, in a rare early morning video, said its forces pushed back a “large scale” Ukrainian assault …