Latest Articles about Economics
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Russia’s Import Substitution Plan Faces Harsh Reality
On August 4, Russian Prime Minister Dmitry Medvedev decreed the establishment of a state commission on import substitution. This new entity within Russia’s executive branch aims to alleviate the country’s dependence on the import of goods and services from abroad and to spearhead growth in... MORE
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Ukraine Introduces Sanctions Against Russian Citizens, Companies
On September 16, Ukrainian President Petro Poroshenko signed a decree introducing sanctions against 105 firms and 388 individuals, mainly from Russia, for supporting the annexation of Crimea and the war in the eastern Ukrainian region of Donbas (President.gov.ua, September 16). The decree came into effect... MORE
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Kazakhstan’s Oil Dependence Jeopardizes Domestic Stability
On August 20, the National Bank of Kazakhstan (NBK) came forward with a surprise announcement. The central bank’s chairman, Kairat Kelimbetov, made official the immediate shift to a floating exchange rate of the tenge, the national currency. Since its introduction into circulation in late 1993,... MORE
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The Gloves Come Off: The Dutch Response to Jihadists in Syria and Iraq
In December 2014, a video testament emerged in which 19-year-old Sultan Berzel, from the Netherlands’ southern city of Maastricht, called on Muslims to make hijra (a religious migration) to the self-proclaimed Islamic State group. He delivered his message in a quiet voice and with a... MORE
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The Park-Xi Friendship and South Korea’s New Focus on China
While the 12,000-troop parade at China’s September 3 ceremony commemorating the 70th anniversary of the end of WWII was a striking sight in Beijing, those who closely follow China’s relationship with the Korean Peninsula may have watched the guests of President Xi Jinping just as... MORE
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Are Georgia’s Friends Violating Tbilisi’s ‘Law on Occupied Territories?’
Georgia’s 2008 Law on Occupied Territories explicitly bans all domestic and foreign companies from conducting any type of economic (commercial or non-commercial) activities in the Russian-occupied territories of Abkhazia and Tskhinvali region (South Ossetia). Exceptions can be made in certain circumstances but only with the... MORE
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Collapsing Guest Worker Transfer Payments Pushing Central Asia Into Perfect Storm
The collapse in the size of transfer payments from Central Asians working in the Russian Federation—they are down more than half from last year—is having a domino effect in the region and pushing Eurasia into what will, more than likely, be a political perfect storm.... MORE
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China, Belarus Deepen Ties
Two countries on opposite ends of Eurasia are drawing closer, courtesy of the skein of railways slowly snaking across this massive region in the form of an evolving “Iron Silk Road.” While attending Chinese commemorations of the end of World War II in the Pacific,... MORE
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Toppling Moldova’s Government: Popular Movement or Political Operation?
Since September 6, protesters have set up a tent city—it has grown to at least 150 tents to date—in Chisinau’s main square, outside the Moldovan government’s building. Leading the protest movement is a small group of journalists and civic activists: The Platform for Dignity and... MORE
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Armenia’s Regional Energy and Transport Cooperation Squeezed by Russia
Shortly after the deal on Iran’s nuclear program, Iranian ambassador to Armenia, Mohammad Reyisi, gave several interviews to Armenian newspapers and news agencies concerning perspectives for future bilateral cooperation. Ambassador Reyisi noted that the joint construction of a hydroelectric plant on the river Arax could... MORE