Latest Articles about Economics

Chechnya’s Planned New Oil Refinery Marks a Victory Over Rosneft
Many analysts say the two wars in Chechnya in the 1990s were caused by the republic’s oil. These analysts, however, have tended to overlook the fact that Chechnya no longer had prospects as an oil extracting region by the time the wars started. Chechnya’s oil... MORE

The Economic and Geopolitical Implications of Iran and Azerbaijan’s Recent Engagement
On February 23, Azerbaijani President Ilham Aliyev visited Tehran, where he met with his Iranian counterpart, Hassan Rouhani. Notably, the two presidents signed 11 memoranda of understanding (MoU) across several areas of cooperation, including energy, the economy and transport (IRNA, February 23). But the timing... MORE

China and Iran Expand Relations After Sanctions’ End
January 16 marked the highly anticipated implementation of the nuclear accord signed between Iran and the five permanent members of the UN Security Council plus Germany (P5+1) known as the Joint Comprehensive Plan of Action (JCPOA). The occasion was hailed by China as an important... MORE

Russia Is Giving up on Its Tragedies—and on Itself
President Vladimir Putin’s approval rating is regularly accepted as a proxy measure for the level of Russia’s internal cohesion. And his support remains on a sky-high plateau, where it has stood since the explosion of jingoism caused by the annexation of Crimea in March 2014... MORE

Falling Oil Prices and Its Implications for Azerbaijan’s Gas Policy
On February 23, Azerbaijan’s parliament adopted amendments to the state budget to adjust down expected budget revenues based on oil price estimates of as low as $25 per barrel (Azernews.az, February 23). Initially, the State Budget for 2016 projected oil at $50–55/barrel (Trend, September 14,... MORE

Fighting to Survive Budget Contraction, Kremlin Tries to Fix Oil Prices
On March 1, President Vladimir Putin gathered the CEOs of Russia’s oil majors in the Kremlin to discuss a possible freeze of crude production to boost oil prices. Oil is Russia’s main export commodity and the main source of state revenue. Putin commended the “healthy... MORE

Eurasian Union’s Expansion Falters Amid Russia’s Economic Woes
In a recent interview with the media, Kyrgyzstan’s Deputy Prime Minister Oleg Pankratov, whose portfolio includes overseeing the country’s membership in the Eurasian Economic Union (EEU), reported that the Kyrgyz Republic’s accession (as of August 12, 2015) to this Russian-led trading bloc has so far... MORE

Why Sanctions Against Belarus Could Not Stand
The removal of the sanctions on Belarus by the European Union continues to be one of the most debated topics in the Belarusian media. The most meaningful piece about sanctions, however, has arguably shown up not in Belarus but in the Russian daily Izvestia (Izvestia,... MORE

Kazakhstan’s Delicate Balancing Act Between Turkey and Russia
Turkish Prime Minister Ahmet Davutoğlu visited Kazakhstan, on February 6, where he and his host government discussed bilateral cooperation on large-scale transit corridor projects (Akorda, February 6). As a “new Silk Road” of transportation infrastructure slowly emerges across Eurasia, Turkey and Kazakhstan are becoming important... MORE

Chinese Influence Faces Uncertain Future in Myanmar
At the beginning of February, members of Myanmar’s National League for Democracy (NLD) took their seats in the national parliament (People’s Daily, February 2). Though the transition was peaceful, Myanmar’s neighbors are anticipating political instability and ethnic unrest to escalate in the coming months, and... MORE