Belarus' Lukashenko is a shoo-in for his seventh election as president
Lukashenko mulls building a second nuclear power plant
North Korea rejects Belarus summit proposal, calls for clarity in relations
Belarusian blogger sets up a parody bank and token as a joke and unexpectedly becomes a millionaire
Russia arrests Colombian fighter in occupied Kursk as mercenary crackdown widens
Putin faces mounting economic challenges amid pressure for Ukraine peace talks
Sanctions have created opportunities for Chinese tech companies in Russia
Trump issues anti-wind executive order
Trump warns Putin of severe economic measures without swift Ukraine peace deal
The Bavarian branch of far-right AfD party calls for all Ukrainian refugees to be expelled from Germany
COMMENT: Europe needs to start the fightback against Trump now
Analysts expect ‘perfect storm’ of political risks in 2025
Love in the Baltics in a time of war
Emerging Europe split between eager anticipation and wary acceptance ahead of Trump inauguration
Spike in Czech beer exports to Russia highlights cracks in Moscow-bound trade and businesses
City of Budapest vows to exercise pre-emptive rights over plot for planned €5bn luxury project by UAE investor Eagle Hills
Wizz Air stops refuelling at Belgrade airport to comply with US sanctions
Hungarian rapper's video taking aim at Viktor Orban and corruption goes viral
OUTLOOK Poland 2025
Polish PPI eases decline rate to -2.6% y/y in December
Diagnostyka aims to raise €400mn with Warsaw IPO
Slovakia’s populist PM Fico faces no-confidence motion
OUTLOOK Southeastern Europe 2025
Sanctions stepped up in the Western Balkans, but with mixed results
Albania, Italy and UAE to build €1bn Adriatic subsea cable
BALKAN BLOG: Polluted Balkan capitals choke on winter smog
Bulgaria’s ruling coalition rejects central bank law changes putting eurozone entry at risk
Croatian robot boat to tackle microplastics in the Adriatic
Kosovo shuts down Serbian parallel institutions, escalating tensions with Belgrade ahead of elections
Moldovagaz’s head says $709mn debt to Gazprom close to being settled
Leader of Moldova’s separatist Transnistria flies to Moscow to settle energy crisis
Russian presidential adviser warns Moldova may “cease to exist”
Dispute with Croatia over Jadran training ship could block Montenegro’s EU entry
Lack of large deals shrinks Romania’s M&A market
ECOFIN endorses Romania’s 7-year fiscal plan
Trump withdraws US from Paris Agreement
URUS-ClearPic: Across Eurasia, China is leveraging supply risk successfully – so could others
Serbian President Vucic wants to introduce flying cars by 2027
Turkey delivers another 250bp rate cut in line with expectations
Turkish Airlines resumes Damascus flights after 13-year hiatus
PANNIER: Tajikistan, Taliban tone down the hostile rhetoric
Central Asia emerges as new e-commerce hub
Growing Islamic finance in Central Asia to unlock GCC investment
CSTO states express serious concern over terrorist threat in Afghanistan
Russia and Armenia seek to ease strained relations
New US strategic partnership could be revolutionary for Armenia
COMMENT: Armenia makes a strategic turn from Russia towards the West
Armenian prime minister discusses EU membership plans with European Council president
Saving the Caspian Sea for Central Asia and Kazakhstan
Fatal road accident triggers widespread protests in Azerbaijan
NEO: Why pick-up points for online orders are gaining popularity vs. home delivery
Gas exports to Europe to boost Azerbaijan's growth over next decade
Georgians celebrate US friendship in Tbilisi while former president Zourabichvili attends Trump inauguration
Two abducted in central Tbilisi following ‘anti-mask law’ protest
Thousands of Georgians walk out of work in three-hour "warning" strike
Georgians still resisting: the view from Rustaveli
China’s satellite internet provider Spacesail sets up in Kazakhstan
Kazakh central bank’s dollar sales to mirror gold purchases
National security chief rows back on comments he decided to assassinate Kyrgyzstan’s top mobster
OUTLOOK Small Stans & Mongolia 2025
Angry Mongolians take to streets in public backlash over taxes and smog
Mongolia revives traditional "Ghengis Khan" script bichig
EBRD delivers 26% expansion in investments in 2024, commits record €16.6bn across economies
Iran, Tajikistan sign 23 cooperation agreements in landmark visit
A tale of two Tajikistans: the macro and micro realities
Football talent Khusanov poised to become first Uzbek to play in English Premier League after Man City signing
Uzbekistan privatises HUMO, Paynet succeeds with $65mn bid
Sanctioned Russian cargo ship sinks in Mediterranean after explosion
Russia's budget oil breakeven price world’s second lowest as oil revenues recover
Southeast European countries look to Algeria to diversify energy supplies
Slovenia turns back to Algerian gas after flirtation with Russian supplies
IEA: Access to energy improving worldwide, driven by renewables
The hurricane season in 2024 was weird
Global warming will increase crop yields in Global North, but reduce them in Global South
Hundreds of millions on verge of starvation, billions more undernourished as Climate Crisis droughts take their toll
Global access to energy starts to fall for the first time in a decade, says IEA
Saudi Arabia hosts kingdom's first Africa summit, to boost ties, promote stability
Putin at 2023 Africa-Russia summit: Wiping debts, donating grain and boosting co-operation
Botswana throws the diamond industry a lifeline
Nelson Mandela worried about natural diamonds, Leonardo di Caprio defended them, makers of lab-grown stones demonise them
Botswana’s 2,492-carat diamond discovery is golden opportunity to replicate legendary Jonker diamond's global legacy
Kamikaze marketing: how the natural diamond industry could have reacted to the lab-grown threat
Russia’s Rosatom to support nuclear projects across Africa at AEW2024
JPMorgan, Chase and HSBC reportedly unwittingly processed payments for Wagner warlord Prigozhin
Burkina Faso the latest African country to enter nuclear power plant construction talks with Russia
IMF: China’s slowdown will hit sub-Saharan growth
Moscow unlikely to give up Niger toehold as threat of ECOWAS military action looms
CAR mercenary becomes first African to die in Ukraine conflict
Overcoming insecurity to unlock the Central African Republic’s mineral riches
Rain, rain go away
Africa, Asia most people living in extreme poverty
10 African countries to experience world’s fastest population growth to 2100
EM winners and losers from the global green transformation
Russia seeks to expand its nuclear energy dominance with new international projects
EBRD warns of risks for emerging markets pursuing industrial policies
Russia blocks UN Security Council resolution on Sudan humanitarian crisis
G20 summit wraps up with a joint statement strong on sentiment, but short on specifics
SDS storms fed by sand and dust equal in weight to 350 Great Pyramids of Giza, says UNCCD
Southern Africa has 'enormous' potential for green hydrogen production, study finds
Malaysia seeks BRICS membership
Kazakhstan has no plans to join BRICS, says Astana
Sri Lanka to apply for BRICS membership
From oil to minerals: Gabon’s ambitious mining transition
How France is losing Africa
Guinea grants final approvals to Rio Tinto for $11.6bn Simandou iron-ore project
Mixing with the running stars at Kenya’s Home of Champions high altitude training camp
Kenya’s untapped mineral wealth holds the promise of economic transformation
US adds 17 Liberian-flagged bulk carriers and oil tankers to Russian sanctions-busting blacklist
Panama and Liberia vying for largest maritime registry
Force majeure at Libya’s Zawiya Refinery threatens exports and oil expansion plans
Russia, facing loss of Syrian base for Africa operations, seen turning to war-torn Sudan or divided Libya
Libya’s mineral riches: unlocking a future beyond oil
Russia funding war in Ukraine via illegal gold mining in Africa – WGC report
Ukraine claims it was behind massacre of Wagner Group mercenaries in Mali
Can Morocco's phosphate wealth put it at the centre of the global battery supply chain?
Hajj aftermath: deaths, disappearances and detentions spark investigations across world
Sri Lanka's LTL Holdings targets African power sector
Russia's nuclear diplomacy binding emerging markets to the Kremlin
Can Niger's military junta seize the country's uranium opportunity?
Disaster season: heat waves sweep the world – in charts and maps
More than 5,000 Nigerian women trapped in Iraq
Niger and beyond: Francophone credit delivers coup de grâce
EBRD 2023: Bank to expand into the whole of Africa plus Iraq
Global coal trade approaches its peak
The world has passed peak per capital CO₂ emissions, but overall emissions are still rising
Trump threatens BRICS with tariffs if they dump the dollar
SITREP: Middle East rapidly destabilised by a week of missile strikes
Colombian mercenaries trapped in Sudan’s conflict
Air France diverts Red Sea flights after crew spots 'luminous object'
COMMENT: Tunisia on the brink of collapse
Tunisian President Kais Saied re-elected for second term
WHO declares "global public health emergency" owing to mpox outbreak in Central Africa, new virus strain
Climate crisis-driven global food security deteriorated between 2019 and 2022 and is even affecting the US
Cost of repairing Syria’s power infrastructure put at $40bn by electricity minister
Indian banks' profitability to moderate in FY26
Former chief of the Bank of Japan sees more rate hikes on the horizon
China-Kyrgyzstan-Uzbekistan railway officially launched, but sidetracked at least until summer
Is China ready for Trump’s tariff threats?
INTERVIEW: REnergy Dynamics eyes 175 tonnes per day in compressed biogas projects in India
India on the brink of a new oil shock
Hong Kong firm to build 150-MW wind power plant in Cambodia
Chinese power projects under CPEC leave Pakistan struggling with debt
Microsoft to invest $3bn in India
Japan’s ramen shops face crisis as rising costs push more to bankruptcy
Seoul-listed DoubleU acquires 60% stake in Turkey’s Paxie Games for $27mn
Aluminium prices dip as Trump considers 10% tariff on Chinese imports
India's Competition Commission approves major steel industry acquisition
Trump vows to block Nippon Steel's $14bn bid for US Steel
HESS: Mongolia’s unique success story between rock and a hard place at risk
Powerful earthquakes hit Taiwan, TSMC evacuates employees
COMMENT: Gulf states court Russia but stop short of strategic shift
Bahrain's security chief meets Syrian commander amid diplomatic push
Bahrain and Iran to begin talks on normalising relations
Saudi Arabia, Bahrain and Kuwait set to offer Russians visa-free entry
Iran's Hezardastan sells Android app store Café Bazaar to local Tapsell
Fighter jet crashes in Iran without casualties
Iran’s leader remains silent on Trump at Tehran industry expo
COMMENT: Trump's cryptocurrency venture sparks debate as memecoin risk data emerges
China's Shanghai SUS Environment secures $497mn contract for waste-to-energy project in Iraq
Iraq seeks Iran-backed militia disarmament in new push
ISTANBUL BLOG: “Dog bites man” story as Erdogan arrests more mayors, but there’s more here than meets the eye
IDF Chief of Staff resigns over October 7 security failure
IDF launches major operation in Jenin, four Palestinians killed
Former Jordan official foresees regional challenges under Trump
UPDATED: Hamas military leader thanks Iran, vows resistance will continue
Damascus International Airport resumes operations
Turkey, Syria tandem could mean piped Qatari gas for Europe and a supercharged Middle East clean energy transition
Qatar-Turkey-Europe gas pipeline ambition could be back on following fall of Assad
Syrian foreign ministry urges Kuwait to reopen embassy in Damascus
Kuwait greenlights tax deal with Iraq to prevent double taxation
Iran demands 'equal footing' with Kuwaiti and Saudi plans to drill for gas in Gulf
French president in Lebanon to meet the country's new leaders
ICJ's Nawaf Salam appointed as Lebanon's new Prime Minister
Lebanon faces a new phase: will Hezbollah surrender its weapons to the state?
Lebanon ends two-year void with military chief Aoun as president
US winds down Guantanamo Bay with removal of Yemenis to Oman
So you want to get on the right side of Donald Trump? Try gift-wrapping a hotel
ANALYSIS: Regional escalation on the table following Israeli strike on Iran
The world reacts to Trump 2.0
Syria seeks Qatar support in rebuilding effort as ministers meet in Doha
Saudi crown prince pledges $600bn US investment in Trump call
COMMENT: A call for stability and inclusion as Syria grapples with an extremist government challenge
New Syrian Administration seeks to rejoin Arab League
Abu Dhabi plans AI transformation across government services by 2027
Yemen launches missile at Israeli base amid US-UK airstrikes escalation
Trump's return to White House draws polarised Latin American response
Argentina announces ambitious nuclear programme linked to AI development
Latin America set for tepid growth as Trump tariff threat looms, ECLAC says
Latin America urged to boost tax take and private investment to close development gap
IMF: Breaking Latin America’s cycle of low growth and violence
COMMENT: Trump’s White House picks signal rocky start with Latin America
Latin America trapped in low growth cycle, ECLAC warns
Bolivian President Arce declares "coca is not cocaine" as country expands coca industry
Bolivia's lithium deals with Russia, China raise sovereignty concerns as state bears heavy risks
Brazil court blocks Bolsonaro from attending Trump inauguration over flight risk fears
Geothermal energy poised for major global expansion, says IEA chief Fatih Birol
Iranian influx to Venezuela via Colombia triggers regional security fears
Trump reverses Biden's Cuba terror list removal hours after taking office
Cuba prisoner release after terror delisting marks last-gasp reset in US ties before Trump return
Brutal gang violence over failed voodoo spell claims nearly 200 lives in Haiti's capital
Trump announces 25% tariffs on Mexico and Canada from February 1
EU and Mexico strike historic trade pact
Amazon Web Services to invest $5bn in Mexico digital hub push
Trump vows to “take back” Panama Canal in inauguration speech
Panama rejects Trump's military threats over canal control
Peruvian president's secret plastic surgery ignites scandal
Murder exposes secret prostitution ring in Peruvian Congress
BRICS bank chief touts Uruguay membership in Montevideo talks
Italian aid worker held without charge in Venezuela for two months
Venezuela’s Maduro sworn in for third term as international criticism mounts
Bangladesh’s BNP urges interim government to expedite elections
Bangladesh revokes former Prime Minister Hasina’s passport
Bangladesh explores tank purchase from Turkey as India receives request for Hasina’s extradition
Controversial 10-GW hydropower project in Tibet greenlit by Beijing
China's coast guard deployment raises tensions in South China Sea, Philippines protests
Balancing growth and sustainability: Southeast Asia’s energy dilemma
US imposes preliminary duties on Southeast Asian solar imports
Peru's APEC summit exposes trade tug-of-war between Beijing and Washington
Rising gold ETF inflows set to drive global bullion prices
Russian exports of diamonds to Hong Kong up 18-fold in 5M24
Authorities seize $3.8mn of meth in northeastern India
Landslide in Central Java, Indonesia claims 17 lives, nine still missing
Bali shuts down "Russian Village"
Russia backs Vietnam's bid to join BRICS
Hiroshima invites Trump to mark 80th anniversary of atomic bombing
The Philippines takes a stand against China's maritime aggression in the South China Sea
Japan establishes diplomatic mission to NATO as ties to Russia, China deteriorate
China signals willingness for dialogue with US as Beijing accepts invite to attend Trump’s inauguration
BCPG to invest $945mn in power projects, prioritising clean energy
Malaysia maintains key interest rate as economy shows resilience
Hundreds of children killed or injured in Myanmar in 2024: UNICEF
Over 120 dead as powerful tremor hits Tibet
Nepal floods - death toll rises to 209
Kolkata hospital rape and murder case sparks international outcry, raises questions
South Asia hit by floods and landslides after heavy rainfall
Trump labels North Korea a 'nuclear power' as he eyes diplomatic revival
North Korea issues warning in response to air drills with B-1B bombers
North Korea escalates tensions with ballistic missile launch ahead of Trump's inauguration
Russia’s arms exports slump, Kremlin preparing for possible war with Nato
Security personnel dead as Imran Khan’s supporters breach Islamabad lockdown
Papua New Guinea tribal conflict leaves 30 dead amid gold mine dispute
Trump to give thumbs up on expedited arms supply to Taiwan
Extreme weather surges in 2024
Kamala Harris to visit Singapore, Bahrain and Germany on final vice-presidential overseas trip
Singapore’s PacificLight Power embarks on $735mn hydrogen power plant project
Sri Lanka’s merchandise exports in October up 18.22%
Taiwan's first execution in five years sparks human rights backlash
BRICS expands membership, adding Indonesia, Malaysia, and Thailand
Absent Slovak premier traced to luxury hotel in Vietnam
German Prosecutors Confirm Termination of Money Laundering Investigation Against Alisher Usmanov
Comments by President of the Russian Fertilizers Producers Association Andrey Guryev on bilateral meeting between Indian Prime Minister Narendra Modi and Russian President Vladimir Putin
PhosAgro/UNESCO/IUPAC green chemistry research grants awarded for the 8th time to world's best young scientists
PhosAgro Tops RAEX ESG Ranking
Download the pdf version
Try PRO
The detention of the former head of Kazakhstan’s security services chief on suspicion of high treason, announced on January 8, has sparked increased speculation that President Kassym-Jomart Tokayev is struggling to quash vicious palace infighting that could derail his attempts to take firm control of the crisis-stricken country.
Karim Masimov—who became known as the “grey cardinal” of the regime of Nursultan Nazarbayev, a political goliath who ruled Kazakhstan for 29 years until he was succeeded by handpicked successor and protege Tokayev in early 2019—was detained just three days after he was fired by Tokayev from his post as head of the National Security Committee, or KNB.
Adding to the intrigue, January 8 brought a dismissal from Nazarbayev’s press secretary of heavy speculation that the 81-year-old ex-leader had fled the Central Asian nation amid its unprecedented unrest. Nazarbayev “calls on everyone to rally around the president of Kazakhstan to overcome current challenges and ensure the integrity of the country,” Aidos Ukibay said on Twitter. Using Nazarbayev’s state-bestowed honorific, “Elbasy”, or “Leader of the Nation”, Aidos also stated that “Elbasy is in the capital of Kazakhstan, Nur-Sultan”. Nazarbayev, he added, had been “holding a number of meetings and is in direct contact with President Kassym-Jomart Tokayev” and “held several conversations with heads of state friendly to Kazakhstan”.
Masimov became known as the "grey cardinal" of Nazarbayev, whom he is seen standing behind in this photograph from 2011 (Image: Irina Arbat, CC-BY-SA 3.0).
Such statements from Aidos jar with the hypothesis that the Nazarbayev clan and elite networks are fighting a rearguard action to prevent Tokayev from using the country’s turmoil to put his own loyalists in charge of the country’s public administration and assets. Tokayev dismissed Nazarbayev from his position of head of the national security council on the same day that he fired the former president’s close ally and long-time political heavyweight Masimov and personally took over the running of the security apparatus. Whether or not Nazarbayev willingly gave up the national security post and the state of relations between Tokayev’s people and the Nazarbayev clan are matters that remain far from clear.
'President's nightingale'
Eurasianet, on January 8 reporting that the charges of treason against Masimov point to the possibility that he was involved in a bid to topple Tokayev, observed that Yermukhamet Yertysbayev—a one-time adviser to Nazarbayev, nicknamed “the president’s nightingale” as he became known for expressing thoughts Nazarbayev wished to put in the public domain with plausible deniability—declared on state television that he had received information that Kazakhstan had been targeted by an “armed rebellion” that amounted to an “attempted coup d’etat”.
Offering evidence for his theory, Yertysbayev told Khabar TV that his information was that an order was given to remove the security cordon around Almaty airport just 40 minutes before protesters stormed and occupied it on January 5. Such an order could likely only have come from the very top.
Rumours that Tokayev fears he does not have the loyalty of the armed forces and law enforcement also remain unresolved. The suggestion is that the president was so quick in calling for Russia and other regional allies to send troops to help him crush the unrest because he feared the military and police might turn on him should the protests intensify much further.
Triggering Article 4
The assistance of thousands of Russian troops, and smaller numbers of Belarusian, Kyrgyz, Tajik and Armenian troops was secured via an appeal to the Collective Security Treaty Organization, or CSTO. To qualify for such CSTO assistance, Tokayev had to trigger the security bloc’s Article 4 by declaring that the popular unrest was incited by violent and armed mobs working with “terrorist groups trained outside the country”. However, Tokayev, who has issued a shoot-to-kill order to soldiers going after those identified as involved in violent unrest, has not presented any evidence that the demonstrations have foreign or “terrorist” origins.
One person abroad who has confessed to contacting protesters on the streets of Kazakhstan to give instructions is self-exiled France-based Kazakh Mukhtar Ablyazov, who leads the two-decade-old Democratic Choice of Kazakhstan (QDT) party, banned in his homeland. Ablyazov is a hugely controversial figure. A former Kazakh energy minister, he headed one of Kazakhstan’s largest banks, BTA Bank, from 2005 to 2009, and has refugee status in France. However, he is a fugitive whom Kazakhstan has tried and sentenced to life imprisonment in absentia for the murder of a former banking colleague and the embezzlement of billions of dollars from BTA. Ablyazov—who in 2016 faced an extradition request from Russia that was blocked by France’s highest administrative authority as politically motivated—has suggested to news agencies he might return to Kazakhstan to lead the “popular uprising”.
US Secretary of State Antony Blinken warned on January 7 that Kazakhstan was pursuing a dangerous strategy by inviting in the Russian armed forces, saying the country would find it difficult to lower Russian influence in the wake of the move. “One lesson in recent history is that once Russians are in your house, it’s sometimes very difficult to get them to leave,” Blinken said.
In response, Russia's Foreign Ministry described Blinken's comments as a "boorish attempt" at humour and defended the deployment of CSTO troops in a Facebook post as a "totally legitimate response".
'Terrorist hotbeds'
Tokayev told Russian President Vladimir Putin in a “lengthy” phone call that the situation in Kazakhstan was stabilising, the Kremlin said on January 8. “At the same time, hotbeds of terrorist attacks persist. Therefore, the fight against terrorism will continue with full determination,” Tokayev’s office cited him as saying.
The protests erupted in the western region of Mangystau on January 2 over the doubling in the price of subsidised liquefied petroleum gas (LPG), used as a car fuel by many Kazakhs, before spreading and evolving into anti-government demonstrations.
Authorities say security forces killed 26 demonstrators in the unrest across the week, while 18 law enforcement officers died. More than 4,400 people have been arrested, the interior ministry said on January 8.
Public buildings across Kazakhstan were ransacked and torched in what was the worst violence seen by the former Soviet republic since it secured independence 30 years ago. Commercial capital and largest Kazakh city Almaty, where around two million people live, was worst hit. Some businesses and petrol stations began reopening in the city on January 8, local media reported.
Information flows from the country have been disrupted by the imposition of internet blackouts by the Tokayev administration.
Register here to continue reading this article and 8 more for free or purchase 12 months full website access
Register to read the bne monthly magazine for free:
Already registered
Google Captcha Failed!
Password could contain only a-z0-9\+*?[^]$(){}=!<>|:-_ characters and have 8-20 symbols length.
Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.
Forgotten password?
Email field can't be empty.
No user with this email address.
Access recovery request has expired, or you are using the wrong recovery token. Please, try again.
Access recover request has expired. Please, try again.
To continue viewing our content you need to complete the registration process.
Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.
If you have any questions please contact us at sales@intellinews.com
Sorry, but you have used all your free articles fro this month for bne IntelliNews. Subscribe to continue reading for only $119 per year.
Your subscription includes:
For the meantime we are also offering a free subscription to bne's digital weekly newspaper to subscribers to the online package.
Click here for more subscription options, including to the print version of our flagship monthly magazine:
More subscription options
Take a trial to our premium daily news service aimed at professional investors that covers the 30 countries of emerging Europe:
Get IntelliNews PRO
For any other enquiries about our products or corporate discounts please contact us at sales@intellinews.com
If you no longer wish to receive our emails, unsubscribe here.
Magazine annual electronic subscription
Website & Archive annual subscription