Latest Articles about Economics
Closer Uzbekistan-Kazakhstan Ties Not Enough to Resolve Broader Regional Woes
The president of Kazakhstan, Nursultan Nazarbayev, paid an official visit to Uzbekistan in mid-September, highlighting improving relations between Central Asia’s two largest states. There, he met with his Uzbekistani counterpart, Shavkat Mirziyaev, for the sixth time since the latter took office last December, following the... MORE
Russia Raising Taxes on Gasoline and Cellular Network Services to Fund Development Projects in Crimea, Kaliningrad and Far East
The Russian government recently announced a hike in excise duties on gasoline. The overall retail price will increase by more than a ruble per liter (6.5¢/gallon), or by around 2.5 percent of its current market price, by the end of the next year (Ekho Moskvy,... MORE
Moscow Still Investing in Venezuela
Despite the multiplicity of major and urgent international crises around the globe, Russia still finds time to invest its political resources in Venezuela’s long-running collapse. Indeed, Russian President Vladimir Putin is meeting with his Venezuelan counterpart, Nicolás Maduro, today (October 4), in Moscow, to discuss... MORE
Is Europe’s Aviation Watchdog About to Effectively Isolate Half of Ukraine?
On September 20, The Kharkiv City Council sent an appeal, addressed to Ukrainian Prime Minister Volodymyr Groisman, regarding concerns over recent actions by the European Aviation Safety Agency (EASA). Specifically, the appeal cites a draft bulletin allegedly sent by the EASA to the Ukrainian State... MORE
Russian Portion of Caspian May Dry up This Century, Threatening Moscow’s Interests
Many countries around the world are now threatened by rising sea levels in coastal areas as a result of climate change and the melting of the polar ice caps. Russia is experiencing such a scenario in the Arctic. But it is also facing another serious... MORE
Ukraine Successfully Places Eurobonds, but May Lose IMF Support
Ukraine has placed 15-year Eurobonds in the amount of $3 billion, President Petro Poroshenko announced on September 18. Poroshenko, who was on a visit to New York at the time for the United Nations General Assembly, noted that Ukraine had never borrowed so much for... MORE
Belarusian Economy: Challenges and Gains
In the first half of 2017, Belarus’s economy finally overcame its 2.5-year-long downward trend (EurasiaExpert, August 31). Thus, Belarus’s gross domestic product (GDP) has increased 1 percent compared with the first half of 2016. Industrial output increased 6.1 percent and retail sales—0.7 percent. In the... MORE
Turkey Chooses Russian Missile Defense System
Recent reports confirm that Turkey has agreed to purchase the S-400 Triumph Russian air and missile defense system (TRT World, August 23). Under the deal, worth $2.5 billion, Turkey will receive two S-400 batteries (Hurriyet Daily News, July 17). The system is advertised as being... MORE
FSB Seeks to Forge ‘Digital Sovereignty’ in Russia’s Financial Sector
The recent involvement of the Russian Federal Security Service’s (FSB) cryptography specialists in international efforts to instrumentalize emerging currencies such as Bitcoin and Ether (Iso.org, accessed September 11) shows how profoundly the official Russian position on cyber technology has shifted in the past year. It... MORE
Modest Restart to Ukrainian Privatization
After a break prompted by war and economic collapse in 2014–2015, Ukraine restarted its privatization campaign in August 2017. The local privatization body, the State Property Fund (SPF), sold only five out of the state’s eight 25 percent stakes in the regional power-supply and generation... MORE