Latest Articles about Economics
Baku-Beijing Relations and China’s Growing Interest in the South Caucasus
This past January, Azerbaijani President Ilham Aliyev attended a session on “The Silk Road Effect” at the 2017 World Economic Forum in Davos, alongside Georgian Prime Minister Giorgi Kvirikashvili (President.az, January 19). Presumably, the intention of both leaders was to promote the importance of the... MORE
Russia’s Tu-160 Strategic Bomber Faces Development Problems
Russia’s nuclear weapons modernization program raises suspicions and fear internationally. This process, however, faces serious difficulties. A case in point is the Tu-160 strategic bomber, whose maker, Joint Stock Company (JSC) Tupolev, has had trouble fulfilling the necessary modernization and repairs on this nuclear-capable aircraft... MORE
Russian-Chinese Joint Ventures in Russia’s Far East, Arctic
Since 2001, Russian-Chinese relations have been largely grounded in security issues, both military and economic. The former is a shared perception of an increasingly aggressive United States and, in the case of Russia, concerns over the North Atlantic Treaty Organization’s (NATO) deployments on the periphery... MORE
Conflict Escalates Again in Eastern Ukraine: Possible Causes and Consequences
The first quarter of 2017 was marked by a renewed escalation of the armed conflict in eastern Ukraine. The increased military confrontation began in the vicinity of Donetsk, at the end of January, when saboteur-reconnaissance groups of Russia-backed militants made an attempt to seize the... MORE
Kyiv Stops Trade With Occupied Donbas, Slaps Sanctions on Russian Bank Subsidiaries
President Petro Poroshenko has banned cargo traffic between the areas held by Moscow-backed militants in the Donbas area and slapped sanctions on the Ukrainian subsidiaries of Russian state-owned banks. This appears logical, given the continuing Russian occupation of Crimea and assistance to the rebels. However,... MORE
Despite Sanctions, Russia Presses Development of Arctic Energy Reserves
The director of the Russian transport ministry’s Department of Maritime and River Transportation, Vitalii Klyuyev, spoke, on March 24, at the “LNG [liquefied natural gas] Bunkering Market as an Alternative” conference, in St. Petersburg. Klyuyev told participants that the world’s first LNG tanker specifically constructed... MORE
Suspension of Azerbaijan’s EITI Membership: Repercussions for the Southern Gas Corridor
The International Board of Directors (BoD) of the Extractive Industries Transparency Initiative (EITI) suspended Azerbaijan’s membership in the coalition. The decision came during the BOD’s 36th meeting (on March 8–9), in Colombia. The EITI promotes the open and accountable management of oil, natural gas and... MORE
European Union Poised to Scrap Visa Requirements for Ukraine
Negotiators from the European Parliament and the Council of the European Union (a.k.a. the Council) struck an informal deal, on February 28, for Ukrainian citizens to travel visa free throughout the EU, except for in the United Kingdom and Ireland. Later, the deal was endorsed... MORE
Uzbekistan Accords Turkmenistan Status of Closest Neighbor and Partner
Three months since his election last December, Uzbekistan’s President Shavkat Mirziyaev made his first official trip abroad, visiting neighboring Turkmenistan on March 6–7. The visit put an end to rampant speculation about where his maiden foreign trip would take him. Some, for instance, had expected... MORE
Belarus Policies and Their Existential Jetlag
Belarusians continue to protest the presidential decree on social parasites (DSP). Already, President Alyaksandr Lukashenka has backed off, if only in part. Short of abandoning the infamous decree altogether, he postponed its implementation by one year. At the same time, three opposition leaders who tried... MORE