Latest Articles about Economics

China Quietly Displacing Both Russia and US From Central Asia
Since 1991, the influence of the Russian Federation in Central Asia has been on the decline, and many have assumed that the United States would move in to fill the resulting vacuum. US influence has indeed increased, at least in certain countries of that strategically... MORE

ASEAN-China Dialogue Relations at 25
During his remarks at the 18th ASEAN-China Summit last November in Kuala Lumpur, Chinese Premier Li Keqiang lauded the “new progress” that could be made in the relationship between the two sides as they prepared to commemorate the 25th anniversary of their dialogue partnership in... MORE

Russian Military Build-Up in Arctic Highlights Kremlin’s Militarized Mindset
Despite Russia’s economic crisis, which has already imposed restrictions on military spending (see EDM, May 3), the Kremlin is trying to implement a questionable buildup in the Arctic, aimed at strengthening Russian military might. During a recent board session of the Russian Ministry of Defense,... MORE

Belarus and the Murder of Pavel Sheremet
Pavel Sheremet (born in 1971), one of the most well-known Belarusian journalists, was killed on July 20, in downtown Kyiv, Ukraine, where he was working for the last five years (Ukrainskaya Pravda, Tut.by, July 20). The car Sheremet was driving fell victim to an explosive... MORE

Russia’s Economy Deteriorates as Putin Focuses on Squabbles Among Siloviki
President Vladimir Putin is not taking a summer vacation. He has instead maintained a busy schedule of meetings with government officials and regional governors. But his grip on the steering wheel of Russia’s foreign and domestic policy is far from steady. The heavily censored Russian... MORE

Defense Minister Shoigu Reports on Russian Military Modernization
In the fourth year of leading the Russian Ministry of Defense, Sergei Shoigu has demonstrated a unique style of leadership, marked by routine snap inspection exercises, enhancing the image of the Armed Forces, and restoring the confidence of the officer corps, while pushing ahead with... MORE

Beset by Cash Flow Problems, Russia and Kazakhstan Consider Leasing Baikonur Cosmodrome to Other Countries
Kazakhstan’s Baikonur Cosmodrome is the oldest and largest space launch facility in the world, built in 1955 as a test range for the Soviet Union’s first intercontinental ballistic missile (ICBM), the R-7. It covers 2,600 square miles, measuring 47 miles from north to south and... MORE

Minsk Props up Currency, Diversifies Foreign Policy
The Belarusian ruble was re-denominated on July 1. Over the next six months, the banknotes in circulation will be replaced with new banknotes and coins in proportion of 10,000 old Belarusian rubles per 1 new Belarusian ruble. Thus, the legendary number of zeros on Belarusian... MORE

Political Turmoil Erupts in Abkhazia as Moscow Reduces Its Financial Support
Late on July 10, the head of Abkhazia’s Central Electoral Commission, Batal Tabagua, admitted that a mere 0.99 percent of registered voters had cast a ballot in the referendum on holding early presidential elections in the republic (Gazeta.ru, July 10). The referendum in Abkhazia reflected... MORE

New Data Points to Worsening Economic Slump in Russia
During his appearance at this year’s St. Petersburg Economic Forum (June 16–18), President Vladimir Putin declared that “Russia has managed to resolve the most urgent problems in the economy” (Kremlin.ru, June 17). But just one week later, the Russian Ministry of Economy published new figures,... MORE