Latest Articles about Economics

Russian Company That Illegally Operates in Abkhazia Is Coming to Georgia
Abkhazia, a former autonomous region of Georgia, was recognized as an “independent state” by Russia following the five-day Russian-Georgian war in August 2008. A couple weeks ago (April 10), the “prime minister” of Abkhazia, Artur Mikvabia, officially presented the self-proclaimed republic’s newest deputy prime minister,... MORE

Russia Paying Steep Price for Annexing Crimea
This week (April 21), Russian prime minister and former president Dmitry Medvedev spent several hours presenting to the State Duma (lower house of parliament) the annual government report on policies and achievements in 2014, as required by the constitution. According to Medvedev, Russia is under... MORE

The Faltering Russian Economy Makes a Renewed Ukraine Offensive More Likely
“Boring” is perhaps the prevalent impression of President Vladimir Putin’s televised four-hour-long Q & A session that aired last Thursday (April 16), which was meant to demonstrate his good health and relaxed attitude to the great many problems worrying his loyal subjects. The three key... MORE

Russian MTS Returns to Uzbekistan: Implications for Bilateral Relations
In December 2014, Russian telecommunications company Mobile TeleSystems (MTS) resumed its business in Uzbekistan after a two-and-half-year absence. In 2012, Uzbekistan’s authorities had accused the company’s local subsidiary, Uzdunrobita (also known as MTS-Uzbekistan), of pursuing illicit financial schemes and illegally exploiting more than 250 base... MORE

China Strengthens Clout in Kazakhstan Amid Russian Weakness
On March 26–28, Kazakhstan’s Prime Minister Karim Massimov paid a working visit to the People’s Republic of China (PRC), first to discuss bilateral issues in Beijing and then to attend the 2015 Boao Forum for Asia (BFA) conference in the province of Hainan. Founded in... MORE

Ukraine Conflict Benefits China
While Beijing officially supports Russia’s position on its annexation of Crimea, behind the scenes China is helping keep the battered Ukrainian economy afloat. On March 26, the Ukrainian government and China’s CITIC Construction (a subsidiary of CITIC Ltd.) signed a memorandum of understanding stipulating that... MORE

Belarus’s Economic Crisis and National Unity
At present, news coming out of Belarus is marked by two particular refrains: the economic crisis and a search for national consolidation. These refrains may be interrelated since negative macroeconomic trends, coupled with a lack of structural reforms that would boost the private sector, make... MORE

Common Currency for the Eurasian Economic Union: Testing the Ground?
On March 20, Russian President Vladimir Putin, while on a visit to Astana, Kazakhstan, said that Russia, Belarus, and Kazakhstan—the three main founding members of the Eurasian Economic Union (EEU), and formerly Eurasian Customs Union—should consider creating a monetary union. As Putin argued, “working shoulder... MORE

The Kremlin’s Game of Threats
Last week (March 19), speaking at an annual conference of the Union of Russian Industrialists and Entrepreneurs (RSPP)—Russia’s main business lobbying group—President Vladimir Putin promoted a previously announced financial amnesty. Putin implied that Russia’s super-rich must repatriate their capital back from abroad and out of... MORE

Russian Factory Ownership Hurts Ukraine’s President Poroshenko
President Petro Poroshenko’s continued ownership of a confectionary manufacturing facility in Lipetsk, Russia, has become such a political burden for the Ukrainian leader that he specifically addressed the issue of its sale in an exclusive TV interview earlier this month (March 2015) (TSN, March 13).... MORE