Latest Articles about Economics

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

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

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