Latest Articles about Economics

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

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