Latest Articles about Economics
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
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
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
Russia Insists on Own Impunity, Gains Pariah Status
The Russian nyet in the United Nations Security Council, which blocked the resolution on setting up an international tribunal on the downing of Malaysian Airlines Flight 17 over eastern Ukraine, was entirely predictable (see EDM, July 30). President Vladimir Putin had described the proposed legal... MORE
China-Ukraine Relations After Crimea
China is looking to Ukraine to be a “Gateway to Europe,” for its One Belt One Road (OBOR) project. For its part, Ukraine has signed agreements with the Development Bank of China and is increasing the share of Chinese investment in Ukraine. However, as Ukraine further... MORE
China, the EU and One Belt, One Road Strategy
As China’s One Belt One Road (OBOR) initiative gains momentum, most interpretations of Beijing’s initial OBOR-related activities have centered on the implications of OBOR for China and her immediate neighborhood. Europe, however, has a special place within the strategy. Europe features as the end point... MORE
China-Pakistan Economic Corridor: Road to Riches?
On April 20, Sino-Pakistan relations took a great leap forward as Chinese President Xi Jinping unveiled plans for investment of $46 billion in the Pakistani leg of the China-Pakistan Economic Corridor (CPEC) (Xinhua, April 22). CPEC is an important component of China’s ambitious ‘One Belt,... MORE
India Covets Comprehensive Reengagement With Central Asia
On July 6, Indian Prime Minister Narendra Modi kicked off his eight-day tour of Central Asia, visiting the region for the first time since taking office last May. The first country he arrived in was Uzbekistan. “I started my trip from here to underline the... MORE
How Long Can Putin Continue Doing Nothing?
Russia had all but disappeared from the international arena in the last couple of weeks, particularly following the July 14 signing of the international de-nuclearization deal reached with Iran. Indeed, as long as the pause in the Ukraine war holds, Moscow’s opinions on international relations... MORE
Why Moscow Sells Arms for Rubber, Fruit and Vegetables
Sometimes a story appears that seemingly makes no sense and cries out for an explanation. The following story is one of those cases: On July 15, RIA Novosti reported that Russia will trade $160 million worth of military hardware for Thai rubber, fruit and vegetables.... MORE