Latest Articles about Economics

Mongolia Considers Air Bridge With United Kingdom for Rare-Earth Exports
Executive Summary The Mongolian and British governments are engaged in talks on opening an “air bridge” to increase exports of Ulaanbaatar’s rare-earth elements (REEs) to the West. Mongolia possesses vast deposits of REES that play a critical role in the development and production of modern... MORE

Conflict Between Russia and the West Heating Up in Frozen North
Executive Summary: Tensions between Russia and the West in the Arctic have risen dramatically, as Moscow condemns both Washington’s claims on the Arctic and increased US military activity. The Kremlin is considering denouncing the 1990 Baker-Shevardnadze agreement and insisting on its own right to make... MORE

The Future of the Eurasian Economic Union
Executive Summary: The Eurasian Economic Union (EAEU) has attempted to increase its influence by creating a permanent free-trade zone with Iran, entering talks with India on a free-trade agreement, and encouraging Uzbekistan to become a member. The EAEU has served as a way for Moscow... MORE

Belarusian Economy Sees Growth Despite Hurdles
Executive Summary: The Belarusian economy experienced 3.9-percent growth in 2023, a positive outcome compared to the 4.7-percent decline in 2022. Minsk is expanding its trade partners, and Belarusian officials have developed numerous connections with their international counterparts in the Global South and elsewhere over the... MORE

Tightening Sanctions Will Further Compromise Russia’s War-Torn Economy
Executive Summary: The Kremlin is preparing to mobilize the Russian economy and population not only for the “long war” against Ukraine but also for a potential large-scale conflict with the West. Beyond providing Kyiv with the necessary arms and economic support, a more concerted effort... MORE

Belarus’s Diplomatic Activities Reflect a Non-Ideological Foreign Policy
Executive Summary: Belarusian Foreign Minister Sergei Aleinik’s recent visits to India and Mongolia highlight Minsk’s growing ambitions to court alternative economic partners to Russia and the West. These efforts reflect a non-ideological basis for Belarus’s foreign policy, as pragmatic economic considerations almost always trump ideological... MORE

The PRC’s Continued Outsized Role in the Cryptocurrency Industry
Executive Summary: Despite the Chinese Communist Party's restrictions on decentralized virtual currencies, the PRC has maintained a significant underground cryptocurrency industry, with investors posting $1.15 billion in gains in 2023. PRC investors are driven to digital assets by practical considerations amid limited traditional investment opportunities... MORE

Italy and Kazakhstan Work to Broaden Ties Beyond Energy
Executive Summary: Kazakh and Italian officials met in March to underscore their healthy bilateral relations and discuss increasing economic and trade cooperation. Kazakhstan and Italy’s strategic economic partnership gives the countries a foothold to deepen their engagement with the European Union and Central Asia, especially... MORE

Russia Impedes Kazakhstan’s Efforts to Increase Oil Exports to Germany
Executive Summary: Berlin and Astana have been working to increase oil exports from Kazakhstan since the end of 2022 after Western sanctions forced Germany to explore alternatives to Russian energy sources. Increasing Kazakh oil exports seems unlikely as shipments would pass through Russia’s Druzhba pipeline... MORE

The National People’s Congress Exposes Xi Jinping’s Problems
Executive Summary: Li Qiang’s government work report offered no significant incentives to help the nation’s three sectors most in need of government support. Economic targets were practically identical to those for 2023 but will be harder to achieve. Xi amassed more power through sidelining Li... MORE