Latest Articles about Economics

Kyrgyz Authorities Clash With Owners of Massive Kumtor Gold Mine
In mid-July, Kyrgyzstan’s capital of Bishkek hosted a roundtable dedicated to the future of the Kumtor Gold Mine, one of the largest gold deposits in the world. According to Kumtor Gold Co., a wholly-owned subsidiary of Canada’s Centerra Gold, which operates the mine, the deposit... MORE

Ukraine’s Defense Industry Slowly Moves Toward Adopting NATO Standards
Ukraine has begun mass producing ammunition for 40-millimeter automatic grenade launchers, the state defense industry monopoly Ukroboronprom recently announced. This caliber is widely used by the militaries of North Atlantic Treaty Organization (NATO) member states; whereas, the Ukrainian Armed Forces have, thus far, utilized mainly... MORE

To Boost Statistics, Russia Producing Rocket Engines No One Wants
The Soviet economy was notorious for producing goods no one wanted to buy so that managers could put out the kind of statistics the Communist Party bosses wanted. Something similar now appears to be going on in Russia’s beleaguered space industry: Its firms are continuing... MORE

China Pursuing Dominance of Northern Sea Route
In January 2018, Beijing issued a White Paper on its strategic approach to the Northern Sea Route (NSR). The document notes China wants to take advantage of this shortcut to Europe and the possibilities it opens for extracting natural resources from the Arctic seabed as... MORE

Turkmenistan’s Economy—Half Empty or Half Full?
It is notoriously challenging to acquire accurate socio-economic data on a country as insulated as Turkmenistan. And the difficulty is further heightened by the fact that the autocratic government in Ashgabat consistently paints society in roseate terms, even as the Turkmenistani opposition scattered abroad relates... MORE

Chinese Behavior in Siberia Sparks Local Anger Against Beijing—and Moscow
Russians have long feared that the demographic imbalance between an overpopulated China and an underpopulated Siberia and Russian Far East will eventually result in Beijing’s taking control of what is now part of the Russian Federation. And Moscow has manipulated that fear since Soviet times... MORE

Social Tensions in Russia Build up as Government Turns Miserly
The soccer fiesta in Russia moves into its second week, but the noisy celebrations could not entirely hide the deepening discontent caused by the tightening of economic and social policies (see EDM, June 18, 21). The government has obviously decided that the World Cup opens... MORE

Huawei’s Smart Cities and CCP Influence, At Home and Abroad
What do international espionage concerns, a Chinese truckers’ strike, and the smart cities of the future all have in common? All are part of the story of how the commercial ambitions of Huawei—one of the PRC’s leading developers of high-tech electronics and telecommunications equipment—could be... MORE

China’s Intensifying Pressure Campaign against Taiwan
China has significantly ramped up pressure on Taiwan since Tsai Ing-wen was democratically-elected as the country’s president in January 2016. As Beijing’s external pressure on Taiwan grows, pressure for action is building on the Tsai administration, both from the opposition as well as from within... MORE

Ukraine’s Everest Estate LLC v. Russia: About More Than Money
Last month (May 2018), the Russian Federation lost an important lawsuit lodged against it by “Everest Estate LLC and Others,” 18 Ukrainian companies that had held assets in Crimea prior to Moscow’s illegal annexation of this peninsula in early 2014. The Permanent Court of Arbitration... MORE