Latest Articles about Economics
Belarus the Object of Two Peculiar Tugs of War
Although Belarus has resolved its argument with Russia about the price of natural gas, the parameters of this resolution are still subject to different interpretations. The two sides have apparently not yet reached a consensus on the scale of the price discount (if any) or... MORE
With Eye Toward 2018 Elections, Putin Spearheads Strategic Infrastructure Mega-Projects in Crimea
Though still two years away, the presidential elections in Russia are already on the minds of the political elite in Moscow. The sitting head of state, President Vladimir Putin, is constitutionally permitted to run again in 2018. And though most expect that he will, his... MORE
Can Belarus Overcome Its Economic Doldrums?
Facing a stalemate in its negotiations with Russia, Belarus unilaterally increased by 50 percent its tariff on the transit of Russian crude oil beginning on October 11. This is clearly a partial antidote to the lingering lack of bilateral agreement on the price of Russian... MORE
Belarus Suffers Economic Woes While Projecting Inner Tranquility
Belarus’s current economic situation is a cause for concern. The decline in GDP by the end of 2016 will amount to 3 percent. Between January and August, the country led the entire Commonwealth of Independent States (CIS) on inflation: retail prices have grown by 7.6... MORE
Western Sanctions and Russia’s Surprising Financial Trap
On September 30, trading on the Moscow Exchange pushed up the Russian ruble to 62.81 per US dollar, its highest recorded value for the current year (RT, October 3), marking a 31 percent appreciation versus the greenback since end of January 2016. The move reflected,... MORE
The End of the Line for the Trans-Siberian Railroad?
October 2016 marks the centennial of the completion of the Trans-Siberian Railroad (Trans-Sib), Russia and the world’s longest railroad line. Yet, no special celebrations are planned—in part due to Russia’s current economic difficulties, but also because that fabled railroad may be reaching the end of... MORE
Will Mirziyaev Initiate Long-Awaited Reforms in Uzbekistan?
With Prime Minister Shavkat Mirziyaev settling into Uzbekistan’s top spot as interim head of state following the death of President Islam Karimov (see EDM, September 8), questions have been mounting about the new leader’s background and what Mirziyaev-era Uzbekistan will look like. According to forecasts,... MORE
Russia Returning to Concept of Mass Mobilization
A snap inspection in late August, involving three military districts and the Northern Fleet, as well as the subsequent strategic exercise Kavkaz 2016, held in southwestern Russia on September 5–10 (see EDM, September 8, 13, 14, 15, 20), together seem to indicate a turning point... MORE
Belarus and Russia Experience New Bout of Tensions
In recent years, there has been no shortage of bad blood between Belarusian President Alyaksandr Lukashenka and the Russian Kremlin. For example, in February 2004, Lukashenka referred to the stoppage of Russian natural gas flows into Belarus, in retaliation for Belarus’s insistence on lower prices,... MORE
Free Trade Agreement With China Boosts Georgia’s Security, Strategic Regional Importance
On September 13, First Deputy Prime Minister of the Georgian government and Minister of the Economy and Sustainable Development Dimitry Kumsishvili stated at a press conference that Tbilisi and Beijing had finalized a free trade agreement between their two countries. “China’s Commerce Minister Gao Hucheng... MORE