Latest Articles about Economics

BRICS for Greece

It appeared too great a temptation to pass up for the Kremlin when Greece’s impending default and exit from the Eurozone or even the European Union (the so-called Grexit) occurred simultaneously with the annual BRICS summit, this time under Russian leadership, in Ufa, on July... MORE

Kazakhstan Finally Gains WTO Membership

On June 10, Kazakhstan and the World Trade Organization (WTO) announced they had reached an agreement for Kazakhstan’s accession to the trade body, bringing an end to an almost 20-year negotiation process that began when the Central Asian republic applied in January 1996 (Wto.org, June... MORE

Elections, Identity and Economic Decline in Belarus

The Belarusian parliament endorsed a new date for the upcoming presidential elections: October 11. It is unlikely that shifting elections from November (as originally planned) to October will make a difference either in terms of negative trends in the economy or in terms of the... MORE

Lack of Political Reforms Undermines Karachaevo-Cherkessia Stability

On June 27, the Circassian organization Adyge Khase held a conference in Karachaevo-Cherkessia. Participants accused the republic’s authorities of neglecting Circassian villages and putting pressure on Circassian businesses, calling for an extraordinary conference of the Circassian people. Circassians in Karachaevo-Cherkessia accuse the republican authorities of... MORE

Russia’s New Energy Accords: Are They for Real?

Given the centrality of energy to the Russian economy and the withering impact of continuing low energy prices and sanctions, Russia has ample reason to promote energy deals with anyone it can find. The annual St. Petersburg International Economic Forum has historically served as a... MORE

Moscow Tries to Tighten Grip on North Caucasus’ Economic Life

Deputy Russian Prime Minister Alexander Khloponin made a surprising statement earlier this month (June) about impending sweeping changes in how Moscow subsidizes the North Caucasus. “Instead of subsidies for the republics we will be developing ‘anchors’—key projects in which federal budget funds will be invested... MORE