Download or read book The Assessment of Sanctions Against Russia on the Bank Transfers and Business Transfers Between Azerbaijan and Russia written by Murad Aghayev and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the possible effects of the sanctions imposed against Russia as a result of the Russia-Ukraine war on bank transfers and business transfers between the Republic of Azerbaijan and the Russian Federation. The existence of extensive economic relations between Azerbaijan and Russia as a country with more expats from Azerbaijan than any other, and being the main export country for Azerbaijan in the non-oil sector coupled with more than 50% of the volume of remittances of individual persons to the country makes this issue worth necessary. The article considers the period of 2018, 2019, 2020, 2021 and January-October 2022. This assessment identified more of the initial effects of the war as war still continues. Using the official statistics of recent years, the effects on these areas are investigated. It seems that the sanctions are already having an increasing effect. The statistics exhibit that there is a significant increase in investments and remittances of individuals from Russia to Azerbaijan, whereas a sharp decrease from Azerbaijan to Russia is observed. This growth will lead to positive dynamics for Azerbaijan in the short term. The situation in trade relations is variable. Although the situation in exports remains relatively stable, there is a significant increase in imports in the first 11 months of 2022 compared to the same period last year. There is also an increase in the total trade turnover compared to last year. In the short term, the sanctions have already had their effect on the banking and business spheres, and this effect has changed more against Russia in the banking sphere.
Download or read book Assessment of Impacts of the New Sanctions Package Against Russia on Azerbaijan written by Murad Aghayev and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article evaluates the possible effects of the 11th package of sanctions against Russia in the context of the Russia-Ukraine war on Azerbaijan. This study is important because Russia is one of Azerbaijan's main trade partners and Azerbaijan's main export market in terms of non-oil sector exports. So far, 10 sanctions packages have been applied against Russia, although these sanctions have had their effect, Russia has managed to reduce the impact of sanctions by increasing its economic relations with third countries. Within the framework of the prepared 11th sanctions package, sanctions are planned against certain transport, media and other organizations and organizations that indirectly help Russia by registering in the 3rd country. Russia has dramatically increased its economic relations with the countries where the entities included in the 11th sanctions package are registered since the sanctions were imposed. In this package of sanctions, organizations that indirectly trade military industry and technological products with Russia were taken into account. Taking into account the products of this type and the product categories that Azerbaijan trades with Russia, the 11th sanctions package is not expected to have any serious impact on Azerbaijan. In the article, using the statistics of 2021, 2022 and 2023, the change rates of export, import and trade turnover between Russia and Azerbaijan in the last 3 years are given. In the corresponding period of 2023, there was a high increase in trade turnover compared to the same period of the last 2 years.
Download or read book Ninth Package of Sanctions Against Russia with Implications for Azerbaijan written by Emin Mammadov and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper attempts to present a framework on analyzing the ninth package of sanctions on Russia in response to the illegal advances of military ocupation in Ukraine that covers the trade channels, banking sector, media, energy sector and individual entities. Azerbaijan in the neighbourhood with close economic interlinkage of spillover channels is exposed to repercussions in economic terms as well. Economic challanges and currency devaluation led the azerbaijani investments to be withdrawn from the russian economy that, to a certain extent, commensurately substantiated the immediate increase of remittances from Russia to Azerbaijan coupled with individuals' own capital. In the year 2022, the gross amount of imports in USD terms from Russia to Azerbaijan increased by around 30% compared with 2021 due the factors associated with increasing price of goods and services, inflation and etc, while exports from Azerbaijan to Russia experienced just a slight surge that to a certain degree stems from weakining purchasing power of ruble and worsening economic conditions.On the other hand, the shrinking oil market that resulted in increasing energy revenues is likely to end that stipulates the need for Azerbaijan to take the recent trends into consideration, particularly upon the introduction of price cap for Russian oil.
Download or read book Evaluation of Impacts of Western Sanctions Against Russia written by Emin Mammadov and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the western sanctions stretche on, repercussions for Russia in terms of shrinking economy, rising inflation rates, import/export declines appear to emerge. As an important trade ally, Azerbaijan is highly likely to experience the effects that spread to the neighbourhood.
Download or read book Mitigating the Unintended Consequences Resulting From the Incorrect Implementation of Financial Sanctions On Russia written by Ehi Esoimeme and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: PURPOSE - On March 2, 2022, the United States, Britain, Europe and Canada took significant and unprecedented action to respond to Russia's further invasion of Ukraine by agreeing to disconnect seven Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT)' global payments messaging system. This decision builds on the wide-ranging and unprecedented packages of measures the United States, Britain, Europe and Canada have implemented in response to Russia's acts of aggression on Ukraine's territorial integrity. These sanctions will have massive and severe consequences for Russia. Although the financial sanctions imposed on Russia, including the SWIFT ban are targeted at certain individuals and institutions as previously mentioned, the profound uncertainty about how these sanctions should be interpreted may create a pattern of risk aversion within the global financial sector. This paper analysed and examined the nature of possible unintended consequences of financial sanctions on Russia to identify how, and how much, the financial sanctions and their implementation - legitimate or otherwise - do in fact contribute to unintended and undesirable outcomes. DESIGN/METHODOLOGY/APPROACH - The analysis took the form of a desk study, which analyzed various documents and reports such as the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) advisories to the public on important issues related to Ukraine-/Russia-related Sanctions; United Kingdom's Foreign, Commonwealth & Development Office advisories to the public on issues related to Ukraine-/Russia-related Sanctions; the Joint Money Laundering Steering Group (JMLSG) Current Guidance on the Prevention of money laundering/combating terrorist financing; Council of the European Union's advisories to the public on important issues related to Ukraine-/Russia-related Sanctions; the Official Journal of the European Union, L 063, 2 March 2022: Document L:2022:063:TOC; Government of Canada's advisories to the public on important issues related to Ukraine-/Russia-related Sanctions; the 2011 and 2013 FATF Guidance on Anti-Money Laundering and Terrorist Financing Measures and Financial Inclusion; and the Financial Action Task Force (2012-2021), International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation (the FATF Recommendations).FINDINGS - This paper determined that financial sanctions and their implementation - legitimate or otherwise - may create a pattern of risk aversion within the global financial sector when they are misinterpreted. Consequently, banks in the United States and Europe may become increasingly cautious in their handling of financial transactions from all Russian banks, seriously affecting the ability of Foreign Students in Russia to transact with other Russian Banks who have not been removed from SWIFT. Foreign students in Russia may encounter difficulties moving and storing money via the formal banking system, with delays in wire transfers which can last months, frequent requests for additional documents, blockages and occasionally the return of money. This paper concludes by discussing the measures that countries can adopt to mitigate the unintended consequences of the incorrect implementation of the financial sanctions. ORIGINALITY/VALUE - While many have written articles on the financial sanctions imposed against Russia in response to the unprovoked and unjustified invasion of Ukraine on 24 February 2022 and the illegal annexation of Ukraine's Donetsk, Luhansk, Zaporizhzhia and Kherson regions, none of those articles critically analyzed the potential negative impact of the incorrect implementation of financial sanctions by the global financial sector on Russia. This paper analysed and examined the nature of possible unintended consequences of financial sanctions on Russia to identify how, and how much, the financial sanctions and their implementation - legitimate or otherwise - do in fact contribute to unintended and undesirable outcomes. The paper will provide recommendations on how countries can mitigate the unintended consequences of the incorrect implementation of the financial sanctions. This is the only article to adopt this kind of approach.
Download or read book Assessing the Impact of Russia s War against Ukraine on Eastern Partner Countries written by OECD and published by OECD Publishing. This book was released on 2023-01-21 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia’s war against Ukraine is causing a humanitarian, social and economic crisis for the Ukrainian people. The consequences of this full-scale military invasion are disrupting the global supply of commodities, sharply increasing food and energy prices, and threating the recovery from the COVID-19 pandemic.
Download or read book Doing Business 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-21 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.
Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Download or read book Iran Sanctions written by Kenneth Katzman and published by DIANE Publishing. This book was released on 2010 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents: (1) Background of the Iran Sanctions Act (ISA): Key Provisions: ¿Triggers¿ and Available Sanctions; Waiver and Termination Authority; Iran Freedom Support Act Amendments; Effectiveness and Ongoing Challenges: Energy Routes and Refinery Investment: Refinery Construction; Significant Purchase Agreements; Efforts in the 110th and 111th Congress to Expand ISA Application; Other Energy-Related Sanctions Ideas; (2) Relationships to Other U.S. Sanctions: Ban on U.S. Trade and Investment With Iran; Treasury Department ¿Targeted Financial Measures¿; Terrorism-Related Sanctions; Executive Order 13224; Proliferation-Related Sanctions; Efforts to Promote Divestment; Blocked Iranian Property and Assets. Tables.
Download or read book Understanding the Volatile and Dangerous Middle East written by Steven Carol and published by iUniverse. This book was released on 2019-09-26 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Middle East can be bewildering, which is why we need to connect the dots that pull together the political, economic, diplomatic, military, cultural, and religious pieces of the puzzle. Professor Steven Carol slashes through the confusion with a topical approach, focusing on key issues such as the geographic features of the Middle East, demographics of the region, the influence of Islam, political processes, shifting alliances, war in the region, and the need for security. He also takes a careful look at perpetual negotiations, attempts to secure peace, and the role that the media play in how we view the region. His goal: to clarify the confusing nature of Middle East affairs and to combat the mistaken beliefs, misrepresentations, and outright fabrications about the region. In a bid to reclaim the truth, he shares basic principles, relying on factual supporting evidence to prove their validity. Seventy-eight maps and numerous tables make understanding complex topics easier. Whether you’re a student, educator, bureaucrat or politician, you’ll find insights based on facts in Understanding the Volatile and Dangerous Middle East.
Download or read book The Withdrawal of Correspondent Banking Relationships written by Mrs.Michaela Erbenova and published by International Monetary Fund. This book was released on 2016-06-30 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on the withdrawal of correspondent banking relationships (CBRs) in some jurisdictions post-global financial crisis. It describes existing evidence and consequences of the withdrawal of CBRs and explores drivers of this phenomenon drawing on recent surveys and select country information. While the withdrawal of CBRs has reached a critical level in some affected countries, which can have a systemic impact if unaddressed, macroeconomic consequences have not been identified so far at a global level. The paper presents responses from the international community to address this phenomenon, and explains the role that the IMF has been playing in this global effort, especially with regards to supporting member countries in the context of surveillance and technical assistance, facilitating dialogue among stakeholders, and encouraging data gathering efforts. The paper concludes by suggesting policy responses by public and private sector stakeholders needed to further mitigate potential negative impacts that could undermine financial stability, inclusion, growth and development goals.
Download or read book Regional Disparities and Fiscal Federalism in Russia written by Oksana Dynnikova and published by International Monetary Fund. This book was released on 2021-05-20 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how regional disparities have evolved in Russia and how Russia’s system of intergovernmental fiscal relations is managing these disparities. Regional disparities have fallen over the past two decades but remain relatively high. Socioeconomic outcomes remain worse in lagging regions despite faster growth and convergence in income levels. The twin shocks of COVID-19 and lower oil prices appear to have impacted richer regions disproportionately. Compared to other large countries with federal systems of government, Russia stands out with its high reliance on direct taxes as a revenue source for its regions. Transfers from the federal budget to the regions provide some redistribution by reducing the dispersion in real per capita fiscal spending, but also tend to be associated with lower growth. The Russian fiscal system offers degrees of redistribution and risk sharing of around 26 and 18 percent, respectively—with in-kind social transfers contributing the most. Finally, federal transfers in the aggregate tend to be procyclical and are also fairly unresponsive to shocks to regions’ own revenues.
Download or read book Turkey written by Jim Zanotti and published by . This book was released on 2014 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Current Digest of the Post Soviet Press written by and published by . This book was released on 2008 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Russia and the Arms Trade written by Ian Anthony and published by . This book was released on 1998 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: For this study, a group of Russian authors were commissioned to describe and assess the arms trade policies and practices of Russia under new domestic and international conditions. The contributors, drawn from the government, industry, and academic communities, offer a wide range of reports on the political, military, economic, and industrial implications of Russian arms transfers, as well as specific case studies of key bilateral arms transfer relationships.
Download or read book Income Inequality and Poverty During the Transition from Planned to Market Economy written by Branko Milanovi? and published by World Bank Publications. This book was released on 1998 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Technical Paper No. 394. Joint Forest Management (JFM) has emerged as an important intervention in the management of Indias forest resources. This report sets out an analytical method for examining the costs and benefits of JFM arrangements. Two pilot case studies in which the method was used demonstrate interesting outcomes regarding incentives for various groups to participate. The main objective of this study is to develop a better understanding of the incentives for communities to participate in JFM.
Download or read book The Global Findex Database 2017 written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2018-04-19 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
