Articles by Juha Kähkönen

Kazakhstan Chairs Working Group of Preparatory Commission for Comprehensive Nuclear-Test-Ban Treaty

NUR-SULTAN – This year marks the 30th anniversary of the closure of the Semipalatinsk nuclear test site. On August 29, 1991, Kazakh First President Nursultan Nazarbayev signed a historical document, a decree on the closure of the Semipalatinsk nuclear test site.  The international community, recognizing the contribution of Kazakhstan in strengthening the non-proliferation regime of…

Financial sector repair needed to spur growth in the Caucasus and Central Asia

While the Caucasus and Central Asia (CCA) is facing a somewhat better external environment, prospects for growth remain subdued relative to historical standards, and risks remain tilted to the downside. A comprehensive set of reforms is needed to help unleash the region’s growth potential and address the legacy of past shocks. A strong financial sector…

Oil and Russia: Twin Shocks for the Caucasus and Central Asia

The Caucasus and Central Asia (CCA) will be challenged in 2015 by the double shock of lower oil prices and the economic recession in Russia. Oil prices have declined by more than 50 percent since June 2014, and markets expect that they will stay at about $57 per barrel on average in 2015, rising gradually…