Latest Articles about Economics

Russia’s War Against Ukraine in 2024 and Looking Ahead to 2025

Executive Summary: The failure for Ukraine’s 2023 counteroffensive was largely due to delays in the West’s funding and fears in some Western countries of escalation if they clearly define and declare their overarching goal as Ukraine’s ultimate victory and Russia’s total defeat. While Russia has... MORE

Kazakhstan Expands Trade Relations With United States and Europe

Executive Summary:  Kazakhstan is looking to bolster trade relations beyond Eurasian Russia to the European Union and the United States partly due to Moscow’s war against Ukraine and sanctions imposed against Russia, limiting economic opportunities. The rich natural resource deposits in Kazakhstan will likely attract... MORE

Ukraine Strengthens National Defense Industry

Executive Summary: The Ukrainian defense industry has production capacities for purchasing, producing, and repairing weapons that exceed the available budget and thus needs more external funding from foreign investors. The strengthening of Ukraine’s domestic defense sector is critical for providing a steady supply of munitions... MORE

Türkiye Demonstrates Increased Interest in BRICS Membership

Executive Summary:  In June, Turkish Foreign Minister Hakan Fidan met with Russian President Vladimir Putin to discuss, among other issues, Türkiye’s prospective membership in the loose-economic grouping of BRICS, which Putin “fully supports.” The impetus for BRICS expansion has grown significantly amid Russia’s full-scale invasion... MORE

Russia Seeks to Maintain Battlefield Initiative on Eve of NATO Summit

Executive Summary: Russian President Vladimir Putin continues to assert that Russia maintains the initiative in its war against Ukraine while facing a deteriorating economy, significant manpower shortages, and strengthened Western solidarity. The growing supply of artillery shells, gradual improvement of Ukraine’s missile defense system, and... MORE

Workforce Shortages Plague Russian Arms Manufacturing

Executive Summary: Russian Deputy Prime Minister Denis Manturov recently claimed that 520,000 workers have been added to the country’s military-industrial complex since the beginning of 2023, though he conceded that the sector is still facing a deficit of 160,000 employees. These estimates, however, misrepresent a... MORE

The State of Ukrainian Air Defense (Part Two)

Executive Summary: Russia’s long war against Ukraine has highlighted the importance of front-line air defense systems as well as the accompanying munitions and reconnaissance/communication capabilities. The proliferation of precision air attack weapons and the unprecedented number of simultaneous air threats have elevated the importance of... MORE

Hungary Defies EU Policy Toward Belarus

Executive Summary: Hungarian Foreign Minister Péter Szijjártó recently visited Belarus to discuss expanding trade amid stringent EU sanctions, cooperating more closely on nuclear energy, and maintaining open lines of communication. Budapest is the only EU capital that recognizes the post-2020 political status quo in Minsk... MORE