Latest Articles about Economics
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Russia’s Military-Industrial Complex Struggles With High Employee Turnover
At the end of last year, it was becoming increasingly apparent that Russian industry was struggling with flagging production rates and a shortage of technical personnel (see EDM, September 21, October 31, December 4, 2023). The most recent update of Russia’s industrial statistics for the... MORE
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Balance of War in Ukraine Set to Shift, Not in Russia’s Favor
Stalemate is presently used most often to describe the current state of Russia’s war against Ukraine these days. Fighting along the frontlines, however, is quite fluid and may be approaching a major turn. President Vladimir Putin remains defiantly confident that Russian forces are making steady... MORE
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Aras Corridor Provides Problems and Solutions for Connectivity Issues in South Caucasus
In December 2023, Iranian Minister of Roads and Urban Development Mehrdad Bazrpash announced that Iran and Azerbaijan would sign an official agreement on the development and opening of the Aras Corridor (Trend.az, December 18, 2023). Bazrpash stated that development of the corridor will begin with... MORE
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Belarus’s 2023 Year-in-Review
On December 31, 2023, Belarusian President Alyaksandr Lukashenka declared in his New Year’s address that the “Year of Peace and Creation” has come to an end in Belarus and that 2024 will usher in the “Year of Quality.” He emphasized the importance of the connection... MORE
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Significant Economic Reliance on Russia Stunts Armenia’s Integration With West
On December 11, during the EU Eastern Partnership ministerial meeting, Armenian Foreign Minister Ararat Mirzoyan welcomed the European Council’s decision to grant candidate status to Georgia and initiate membership talks with Moldova and Ukraine. Mirzoyan emphasized that Yerevan is aligned with the idea of closer... MORE
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US Sanctions Hamper Russia’s LNG Strategy in the Arctic
In late December 2023, foreign investors for Russia’s Arctic LNG-2 project voiced their intentions to pull out from the initiative (Kommersant.ru, December 25, 2023). The development project on the Gydan Peninsula was designed to transform Russia into a central global exporter of liquid natural gas... MORE
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Despite Moscow’s Bravado, Russia Faces Mounting Problems With Oil and Gas Exports
Moscow continues to claim that it has more than fully compensated for its lost access to oil and natural gas markets in the West due to sanctions by expanding sales to China, India, and other countries in the East (Politicheskiy Kaleidoskop, January 1). A closer... MORE
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Lavrov Asserts Russian Success Among ‘Global Majority’
On December 28, 2023, Russian state-owned news agency RIA Novosti conducted a comprehensive interview with Russian Foreign Minister Sergei Lavrov (Ministry of International Affairs of the Russian Federation (MID), December 28, 2023). The ongoing conflict in Ukraine and the broader context of global politics have... MORE
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Russia Enters Third Year of War Diminished, Degraded, and Joyless
On the night of December 29, 2023, Russia conducted a series of massive missile strikes on Ukrainian cities. This operation was meant to add weight to President Vladimir Putin’s confident and unwavering words in a series of public events that concluded the year. It produced... MORE
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Xi Demands Fealty Despite Domestic And Foreign Woes
The Politburo held a “democratic life meeting (民主生活会)” on December 21–22, 2023, in which President Xi Jinping gave an internal, unpublished speech. According to accounts provided to the author by three officials at the rank of department head or above, Xi admitted that he had... MORE