Latest Articles about Economics

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

Turkmenistan Boosts Ties With Georgia in Anticipation of Strategic Transit Corridor
Turkmenistan’s President Gurbanguly Berdimuhamedov paid his first official visit to Georgia on July 2–3. The most important topics of the meeting between Berdimuhamedov and his Georgian counterpart, Giorgi Margvelashvili, included cooperation in the energy and transportation spheres. During the visit, President Berdimuhamedov reaffirmed that Turkmenistan... MORE

The Greek Crisis: Financial and Political Risks to the Balkans
Although the Greek banks reopened on July 20, and Athens repaid some of its debt to the International Monetary Fund and the European Central Bank, unease about the Greek crisis continues in the Balkans. The last 25 years of turbulent political and economic transition have... MORE

Crimean Government Indicates It Wants Greater Autonomy From Moscow
The puppet government of Crimea has unexpectedly clashed with its bosses in Moscow. On July 7, Crimea’s governor, Sergey Aksyonov, declared he would not allow the Russian federal government to force its own rules on the peninsula. His comments came after Russia’s Federal Security Service... MORE

Belarus Sitting on the Splits: As Uncomfortable as It Seems?
In his interview to Euroradio, the charge d’affaires of the European Union’s delegation in Belarus, Richard Rudolph, underlined the gradual improvement in the relationship between the EU and Belarus. But he also made the following observation regarding Belarus’s willingness to have good relations with both... MORE

Fallout From Greece’s Financial Crisis May Negatively Impact Azerbaijan’s European Energy Strategy
The Greek government’s wide-ranging efforts to prevent the country’s financial collapse finally culminated in an agreement with the European Union, on July 13 (see EDM, July 14). The bailout deal provides new concessions regarding Greece’s debt. While the EU may have saved Athens from financial... MORE

Stock Market Crash Reveals Serious Flaws in the Xi Administration’s Economic Policies
The recent Chinese stock market crisis has exposed the fallacy of the Chinese Communist Party’s (CCP) contention that it is possible to seek economic development and reform without commensurate political changes. That the authorities have to use a barrage of executive fiats–including deploying the police... MORE

Why Is AGRI Back on Europe’s Energy Security Agenda?
The Azerbaijan-Georgia-Romania Interconnector (AGRI)—a liquefied natural gas (LNG) project, which aims to bring Azerbaijani gas and, in the future, gas from Turkmenistan to Romania and Hungary by way of Georgia and across the Black Sea—was at the center of attention of regional decision makers late... MORE

Turkmenistan Complains Gazprom Is Not Paying Its Bills
On July 8, Turkmenistan’s Ministry of Oil and Gas noted that Russian state natural gas company Gazprom had failed to pay for imports since the beginning of the year, stating, “The Russian company OAO Gazprom has failed to pay under its contracts for buying and... MORE

Cossacks Seek Greater Role in Southern Russia’s Economic and Political Life
On June 26, the ideologue of free Cossakia Grigory Kuznetsov (a. k. a. Vladlen Alyabyev), reiterated his vision of an independent Cossack territorial entity in a brief manifesto. The Cossack leader did not explicitly state that Cossakia should seek independence from the Russian Federation, but... MORE