Latest Articles about Economics

Financial Defaults May Loom for North Caucasian Republics
Russian news agencies reported in early June that Novgorod Oblast in central Russia had become the country’s first region to default on its financial obligations. An official from the Novgorod financial department told RBK news agency that the region failed to make a payment of... MORE

Putin’s Economic Forum: Delays, Obfuscations and Irrelevance
The annual St. Petersburg economic forum used to be a major gathering of investors and stakeholders, who would anticipate President Vladimir Putin’s keynote speech every year for hints about where to find the richest dividends in the Russian economy. This year, however, the traditional pomp... MORE

Bringing Belarus Back in From the Cold (Part Four)
To read Part One, please click here.To read Part Two, please click here.To read Part Three, please click here. To help lessen Belarus’s economic dependence on Russia, and reach out to mainstream Belarusian society, the European Union has a range of non-political instruments available. The... MORE

Is Russia’s Government Planning to Take on Chechnya’s Strongman?
Russian analysts are beginning to wonder whether Moscow has grown tired of Chechnya’s ruler, Ramzan Kadyrov, and wants to replace him. Recent attacks on human rights activists in Chechnya received unusually wide and negative media coverage in Russia, even though years of routine rights violations... MORE

Celebrating Russia Day, the Country Finds Itself With No Future
The meaning of Russia Day, the holiday celebrated last Friday, June 12, remains obscure and even foreign for the majority of Russians. Overall, the population has mixed feelings about the collapse of the Soviet Union, which was precipitated by the declaration of state sovereignty of... MORE

Belarusian Foreign Minister Makei: ‘We want to be friends with everybody’
In his lengthy and informative May 19 interview to the Washington Post, Foreign Minister of Belarus Uadzimir Makei responded to four variations of one and the same persistent question: Should Belarus develop its relations more with the West or with Russia? Makei stood his ground,... MORE

Moscow Moves to Strengthen Iran in Its Standoff With West
Moscow and Tehran have been preparing an agreement to barter Iranian oil for Russian goods. This “goods for oil” trade seems to be finally going ahead this month, before the June 30 deadline to reach a comprehensive agreement on the Iranian nuclear program. For many... MORE

Controversial Railway Projects in Kyrgyzstan and Mongolia
Despite sharing similar desires to become transit corridors between Europe and Asia, Kyrgyzstan and Mongolia have been unable to prioritize new railway projects, whereas Kazakhstan is moving far ahead by building new railways connecting Chinese, Iranian and Russian rail networks. With the newly built second... MORE

Uzbekistan and Tajikistan Try to Mitigate Water Disputes
In April 2015, the parties to the CASA-1000 project (Kyrgyzstan, Tajikistan, Afghanistan and Pakistan) signed a number of important legal documents that allow them to finally break ground on the project (Casa-1000.org, April 27, accessed June 5). The construction of the large-scale electricity transmission project,... MORE

Ukraine Fails to Make Shale Gas Breakthrough
Ukraine’s hopes to cut its dependence on gas imports from Russia through shale gas development have been dashed. The two multinationals that won government tenders to develop non-traditional gas deposits in Ukraine, Chevron and Shell, stopped their works last year, and there is no clarity... MORE