Latest Articles about Economics

Kyrgyzstan’s Relations With the US Suffer Amid Moscow-Bishkek Rapprochement
On July 21, the prime minister of Kyrgyzstan, Temir Sariyev, issued a decree abrogating the Kyrgyz Republic’s bilateral aid and assistance agreement with the United States, which was initially signed in May 1993, in Washington, DC. The key element of this accord is the tax-free... MORE

Russia Distorts News of Turkish Investment in Crimea
In early July 2015, news emerged that a group of Turkish businessmen had come to Crimea to discuss capital investment on the annexed peninsula. According to Russian and Turkish press covering this visit, the Turkish businessmen expressed their hope to invest a total of $12.5... MORE

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