Latest Articles about Economics
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Karachaevo-Cherkessia Faces Economic Uncertainty
On January 19, President Vladimir Putin met with the governor of Karachaevo-Cherkessia, Rashid Temrezov, in Moscow. Temrezov reported that the republic reduced its dependence on the Russian federal budget in 2015, and that tax collection rates and the republican economy overall were better last year... MORE
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President Nazarbayev Announces Early Parliamentary Elections Amid Crisis
On January 20, the official website of Kazakhstan’s presidency published Nursultan Nazarbayev’s address to the nation in which he announced snap parliamentary elections. Earlier, on January 13, the lower chamber of parliament, the Mazhilis, had made public a collective appeal to the head of state... MORE
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Azerbaijan Seeks New Long-Run Equilibrium Amidst Post-Devaluation Financial Turmoil
Azerbaijan, the third largest oil producer in the Commonwealth of Independent States (CIS) after Russia and Kazakhstan, shifted to a floating exchange rate regime on December 21, 2015, triggered by a rapid fall in oil prices. For the long term Azerbaijan had almost a constant... MORE
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Trade War With Russia Prompts Ukraine to Look for New Markets, Transit Routes
Moscow is openly unhappy with the Deep and Comprehensive Free Trade Area (DCFTA) agreement between Ukraine and the European Union, which came into effect starting on January 1, 2016. Consequently, Russia has slapped an embargo on Ukrainian food and complicated the transit of Ukrainian goods... MORE
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Cheaper Oil Price Pushes Kazakhstan Toward Limited Economic and Political Reforms
With the global oil price dropping to below $40 per barrel and the tenge showing the worst performance among the world’s currencies in a year (Nur.kz, December 19, 2015), Kazakhstan is hastily adjusting to the dramatic change in market conditions by returning to more liberal... MORE
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Russia’s Economic Degradation as Putin’s New Norm
This Monday (January 11), Russia begins its traditionally delayed entry into the new year without any breaking geopolitical news but with an unusually dark economic outlook. Throughout the whole, lengthy, Russian festive season, there were no reports of airstrikes in Syria but plenty of news... MORE
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Developments at Mongolia’s Two Largest Mines Obscure Government’s Pre-Election ‘Go Slow’ Strategy
Looking ahead to 2016, Mongolia’s government publicized a series of major developments in its large state-owned mining projects of Oyu Tolgoi (OT) and Tavan Tolgoi (TT), which could pull the country’s battered economy out of its downward spiral of disappearing foreign direct investment (FDI) and... MORE
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Belarusian Foreign, Economic Policies Increasingly Diverge From Russia’s
Russia and Belarus have some of the closest relations in the post-Soviet space. Both are members of the Commonwealth of Independent States (CIS), the Collective Security Treaty Organization (CSTO), and the Eurasian Economic Union (EEU). And together, the two countries make up the Union State.... MORE
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China to Build Hongdu Light Attack Aircraft in Ukraine Next Year
When the Union of Soviet Socialist Republics (USSR) collapsed in December 1991, its integrated military-industrial complex was shattered and split up among 15 newly independent countries. Ukraine received many significant assets, including top-notch fighter and aircraft plants as well as the USSR’s most advanced shipyards... MORE
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Moscow’s Economic Sanctions Against Turkey Will Have Negative Impact on North Caucasus
Moscow’s reaction to the downing of a Russian military jet over Turkey has been unusually harsh. In his address to the Russian parliament on December 3, President Vladimir Putin continued his diatribe against Turkey’s leadership. “If anybody thinks that after having committed a cowardly military... MORE