Latest Articles about Economics
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
Renewable Energy and the PLA’s Next Generation of Self-Sufficiency (Part 2)
Part One of this series examined the state of renewable energy in China and the connections between civilian and military industry partners. Part Two looks in detail at the PLA’s developing energy strategy both on the mainland and, increasingly on offshore islands at the center... MORE
Southern Gas Corridor Seeks Financial Backing Amidst Volatile Oil Prices
During the third ministerial meeting of the Southern Gas Corridor (SGC) Advisory Council, held in Baku, on February 23, the European Commission’s vice president for the Energy Union, Maroš Šefčovič, encouraged international financial institutions to bankroll the SGC project (Trend, February 23). Amidst volatile oil... MORE
Kremlin’s Hopes for a ‘Post-West’ World Order Recede
Just a couple of months ago, things looked to be going thoroughly President Vladimir Putin’s way. The 2016 elections in the United States gave the presidency to Donald Trump—a flamboyant real estate mogul and reality TV star, a nationalist and an isolationist. Throughout his campaign,... MORE
Ukraine Showcases Advanced New Air-to-Ground Rocket Munition
Ukrainian President Petro Poroshenko announced, on February 11, that Ukroboronprom (a state-owned association of multi-product enterprises in the defense industry) has successfully tested a new type of domestically produced air-to-ground rocket with impressive technical characteristics (Pravda.com.ua, February 11). This 80 millimeter caliber munition can be... MORE
Food Security and Chinese “Comprehensive National Security”
On February 6, China published “Central Document No. 1”, its annual statement of agricultural policy. Two weeks later, on February 20, China's Ministry of Agriculture (MOA) announced that it will begin its annual moratorium on fishing starting on May 1 (MOA, February 20). Though on... MORE