Latest Articles about Economics
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Putin’s Pivot to China: Profit-Free, but Problem-Rich
China will host a huge military parade in Beijing on September 3, and President Vladimir Putin will be in attendance—returning President Xi Jinping’s earlier gesture of Sino-Russian partnership, which the Chinese head of state expressed as the top guest of honor at the parade in... MORE
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Russia Threatens Georgia With Renewed Trade War
The Russian government regularly uses its agency for consumer protection, Rospotrebnadzor, for trade discrimination and blocking imports from countries whose policies Moscow does not like (see EDM, March 28, 2006; October 11, 2013; October 16, 2013). On August 4, 2015, Rospotrebnadzor issued a warning to... MORE
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Debates on Finlandization for Ukraine
The issue of Ukraine’s prospective future membership in the North Atlantic Treaty Organization (NATO) surfaced again recently with the publication of the latest public opinion poll, according to which, a historical high of almost 64 percent of Ukrainians supports joining the North Atlantic Alliance (UNIAN,... MORE
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China Makes Inroads Into Strategically Located North Caucasus Republic
On July 27, Ingushetia’s governor, Yunus-Bek Yevkurov, met members of two Chinese delegations in the republic’s capital, Magas. Chinese investors have reportedly expressed interest in some of the republic’s old oil fields that can be reclaimed. According to Yevkurov, the rights to own the republic’s... MORE
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Russia’s Reputation Sinks Precipitously in International Opinion Polls
While breaking the norms of international behavior at its own discretion, Russia may fancy itself a champion of change in the world order; but in fact, it is increasingly seen as an arrogant maverick and a sore loser. Russian media reported, with little commentary, the... MORE
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Kyrgyzstan’s Relations With the US Suffer Amid Moscow-Bishkek Rapprochement
On July 21, the prime minister of Kyrgyzstan, Temir Sariyev, issued a decree abrogating the Kyrgyz Republic’s bilateral aid and assistance agreement with the United States, which was initially signed in May 1993, in Washington, DC. The key element of this accord is the tax-free... MORE
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Russia Distorts News of Turkish Investment in Crimea
In early July 2015, news emerged that a group of Turkish businessmen had come to Crimea to discuss capital investment on the annexed peninsula. According to Russian and Turkish press covering this visit, the Turkish businessmen expressed their hope to invest a total of $12.5... MORE
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Political Bickering Over Georgian Financial Regulations Highlights Weaknesses in Country’s Political Culture
On July 31, Georgian President Giorgi Margvelashvili announced, with some degree of pomp and theatrical showmanship, that he was vetoing a highly controversial and widely debated bill on banking supervision (Channel 1, Maestro TV, Rustavi 2 TV, July 31). The bill, adopted by the Georgian... MORE
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Ukraine’s Antiterrorism Cooperation With Russia
The financial intelligence services of Belarus, Russia and Ukraine have been intensively cooperating to prevent the financing of illegal armed groups, according to Vyachaslaw Reut, the head of the financial monitoring department of Belarus’ State Control Committee (KGK) (TASS, July 22). “Despite the existing political... MORE
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Southern Gas Corridor’s Advances Cool off Energy Cooperation Between Italy and Russia
The European Union–backed Southern Gas Corridor (SGC) project continues to gain traction against the Moscow-led Turkish Stream natural gas pipeline initiative. The game-changer in the Euro-Russian “battle” for pipelines and energy hubs could be the participation of the major oil and gas producers Iran and... MORE