Latest Articles about Economics
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Russia and Turkey: Two Friends Become Enemies
On November 28, the Kremlin announced the implementation of a series of economic sanctions against Turkey in response to the latter’s shooting down of a Russian Su-24 military jet that had violated Turkish airspace (Kremlin.ru, November 29). In line with Ankara’s previously announced rules of... MORE
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Sino-Nepalese Relations: Handshake Across the Himalayas
A landmark agreement signed in October saw China extend “emergency fuel assistance” to Nepal in the wake of the serious fuel shortage there. It is expected to pave the way for greater bilateral cooperation. The fuel agreement was preceded by a sharp deterioration in India-Nepal... MORE
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Ukraine’s Naftohaz to Sue Russia Over Crimean Assets
The Ukrainian national oil and gas company, Naftohaz Ukrainy, plans to sue Russia over the assets lost in Crimea following the peninsula’s annexation by Russia last year, Naftohaz CEO Andry Kobolev said on November 4 (Interfax, November 4). The seizure by Russia of Chornomornaftohaz, Naftohaz’s... MORE
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Fifth Plenum Announces End to One-Child Policy
China has set the tone for government policy over the next five years with the announcement of the results of the Fifth Plenum of the 18th Chinese Communist Party (CCP) (State Council Information Office, October 30). Amid the various announced plans for increased transparency, a... MORE
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Belarus Redoubles Efforts to Connect With the World
While the outcome of this past month’s presidential elections in Belarus continues to be discussed, the major news refrains have become the debate on a Russian airbase in Belarus, rapprochement with the West, the prospects for economic reform, and labor migration to and from Belarus.... MORE
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Next Focal Point of China’s Stock Market: Earnings—But Can We Trust the Numbers?
The recent stock market turmoil and the economic slowdown in China have kept analysts busy projecting where the economy is going and what the government will do. The Chinese government has also issued a number of reforms of state-owned enterprises and other aspects of the... MORE
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The End of China’s Play in the Canadian Oil Sandbox?
Only three years ago, China National Offshore Oil Corporation (CNOOC), China’s third-largest national oil company (NOC), launched the largest-ever Chinese overseas takeover bid, offering $15.1 billion to buy Nexen Inc., Canada’s ninth-largest oil company. Together with China National Petroleum Corporation and Sinopec Group, China’s two... MORE
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The Islamic State’s Balkan ‘Strongholds’
To the Islamic State militant group, foreign fighters from the Balkans have particular importance due to their historical ties to Islam, their homelands’ proximity to other Western Europe and because ethnic disputes in the region remain close to the surface. A video released in June... MORE
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Defying Georgia, Turkey Gradually Cultivates its Influence in Separatist Abkhazia
Turkey has been one of Georgia’s closest economic and political partners in the wider Middle East since the latter country regained its national independence in 1991. Currently, Turkey is Georgia’s biggest trading partner, with a 15.4 percent share of Georgia’s total trade turnover with the... MORE
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Moscow Launches Hybrid ‘Rail War’ Against Latvia
Russia’s aggression against its neighbors is often called “hybrid” war because it makes use of techniques that give the Kremlin deniability in the eyes of some while allowing Russia to advance its power into the territories of other states. If one accepts that definition, even... MORE