Latest Articles about Economics
Trade War With Russia Prompts Ukraine to Look for New Markets, Transit Routes
Moscow is openly unhappy with the Deep and Comprehensive Free Trade Area (DCFTA) agreement between Ukraine and the European Union, which came into effect starting on January 1, 2016. Consequently, Russia has slapped an embargo on Ukrainian food and complicated the transit of Ukrainian goods... MORE
Cheaper Oil Price Pushes Kazakhstan Toward Limited Economic and Political Reforms
With the global oil price dropping to below $40 per barrel and the tenge showing the worst performance among the world’s currencies in a year (Nur.kz, December 19, 2015), Kazakhstan is hastily adjusting to the dramatic change in market conditions by returning to more liberal... MORE
Russia’s Economic Degradation as Putin’s New Norm
This Monday (January 11), Russia begins its traditionally delayed entry into the new year without any breaking geopolitical news but with an unusually dark economic outlook. Throughout the whole, lengthy, Russian festive season, there were no reports of airstrikes in Syria but plenty of news... MORE
Developments at Mongolia’s Two Largest Mines Obscure Government’s Pre-Election ‘Go Slow’ Strategy
Looking ahead to 2016, Mongolia’s government publicized a series of major developments in its large state-owned mining projects of Oyu Tolgoi (OT) and Tavan Tolgoi (TT), which could pull the country’s battered economy out of its downward spiral of disappearing foreign direct investment (FDI) and... MORE
Belarusian Foreign, Economic Policies Increasingly Diverge From Russia’s
Russia and Belarus have some of the closest relations in the post-Soviet space. Both are members of the Commonwealth of Independent States (CIS), the Collective Security Treaty Organization (CSTO), and the Eurasian Economic Union (EEU). And together, the two countries make up the Union State.... MORE
China to Build Hongdu Light Attack Aircraft in Ukraine Next Year
When the Union of Soviet Socialist Republics (USSR) collapsed in December 1991, its integrated military-industrial complex was shattered and split up among 15 newly independent countries. Ukraine received many significant assets, including top-notch fighter and aircraft plants as well as the USSR’s most advanced shipyards... MORE
Moscow’s Economic Sanctions Against Turkey Will Have Negative Impact on North Caucasus
Moscow’s reaction to the downing of a Russian military jet over Turkey has been unusually harsh. In his address to the Russian parliament on December 3, President Vladimir Putin continued his diatribe against Turkey’s leadership. “If anybody thinks that after having committed a cowardly military... MORE
Russia and Turkey: Two Friends Become Enemies
On November 28, the Kremlin announced the implementation of a series of economic sanctions against Turkey in response to the latter’s shooting down of a Russian Su-24 military jet that had violated Turkish airspace (Kremlin.ru, November 29). In line with Ankara’s previously announced rules of... MORE
Sino-Nepalese Relations: Handshake Across the Himalayas
A landmark agreement signed in October saw China extend “emergency fuel assistance” to Nepal in the wake of the serious fuel shortage there. It is expected to pave the way for greater bilateral cooperation. The fuel agreement was preceded by a sharp deterioration in India-Nepal... MORE
Ukraine’s Naftohaz to Sue Russia Over Crimean Assets
The Ukrainian national oil and gas company, Naftohaz Ukrainy, plans to sue Russia over the assets lost in Crimea following the peninsula’s annexation by Russia last year, Naftohaz CEO Andry Kobolev said on November 4 (Interfax, November 4). The seizure by Russia of Chornomornaftohaz, Naftohaz’s... MORE