Latest Articles about Economics

Russia’s Northern Sea Route Ambitions

Earlier this month, on April 19, the State Commission on the development of the Arctic Regions convened in Moscow to establish a single company to oversee all the logistics operations in the Russian Far North (Arctic.ru, April 19). The move came amidst news reports showing... MORE

Moscow Invites Chinese Factories to Move to the Russian Far East

Chemical, metallurgical and cement plants may soon be transferred from their current locations across northern China to the Russian Far East. This was the agreement reached in early April 2016, during Russian Minister for Far East Development Alexander Galushka’s visit to Beijing. The feasibility of... MORE

Lukashenka’s Report to the Nation: Rhetoric Versus Reality

On April 21, President Alyaksandr Lukashenka delivered his annual “report to the Belarusian people and the National Assembly [parliament].” When speaking about the economy, Lukashenka did not use the words “crisis” or even “decline”; yet, he recognized the country’s inadequate labor productivity and competitiveness (Tut.by,... MORE

Ukraine’s New Government Expected to Continue Reforms

On April 14, Ukraine’s parliament replaced the cabinet of unpopular Prime Minister Arseniy Yatsenyuk with one headed by Volodymyr Hroysman, who had served as parliament speaker since November 2014. A former mayor of President Petro Poroshenko’s electoral and business stronghold of Vinnytsya, Hroysman has always... MORE

Are Moldovan Consumers Financing Transnistrian Separatism?

The “leader” of the separatist Moldovan region of Transnistria, Evgheni Shevchuk, met with Russia Deputy Prime Minister Dmitry Rogozin, in Moscow, on April 14. No official press statement followed, other than a few lines by Rogozin’s assistant on social media. Reportedly, Rogozin called upon the... MORE

Lukashenka in Turkey: Establishing Economic Ties

Belarusian President Alyaksandr Lukashenka paid a visit to Turkey, last week, in conjunction with the April 14–15 Istanbul meeting of the Organization of Islamic Cooperation (OIC). Founded in 1969, the OIC has 57 members and holds meetings once every three years. At the Istanbul meeting,... MORE

Belarus: Economic Woes and the Fate of Gloomy Predictions

In January 2016, Belarus’s gross domestic product (GDP) was 4.3 percent lower than in January 2015 (Infofocus, February 2016). Since refined oil accounts for one-third of Belarusian exports, the steep decline in oil prices is the major factor explaining this shrinking GDP. It works directly,... MORE

Kazakhstan to Host Offshore Yuan Center

Many observers both inside and outside Central Asia have noticed China’s rising economic influence there, supplanting the region’s traditional hegemon, Russia. In yet another sign of China’s growing economic clout in Eurasia, Astana International Financial Center governor and former National Bank chairman Kairat Kelimbetov announced,... MORE