Latest Articles about Economics

Chinese Investors Show Interest in the North Caucasus
China has found an unlikely ally in the North Caucasus—the region’s smallest republic, Ingushetia. The Ingushetian government has announced that a large Russian-Chinese forum will take place in the republic and contracts worth millions of dollars will be signed. The republic’s government has agreed to... MORE

Putin’s Political Pause Amid National Mobilization
As if trying to compensate for his recent “disappearance” in early March, President Vladimir Putin participated in a series of high-intensity meetings and public events last week. His domestic audiences included students and “heroes of labor”; instructions were issued to government ministers, members of the... MORE

Nazarbayev Reelected, but Challenges Lie Ahead
On April 26, Kazakhstan held an early presidential election, the fifth presidential election in its modern history since gaining independence in late 1991. Unsurprisingly, the incumbent, Nursultan Nazarbayev, won the vote by a landslide. According to the Central Election Commission’s official communiqué, he obtained 97.75... MORE

Moscow Likely to Choose Control of Territories Over Their Economic Development
The Russian government is considering building a new water link connecting the Caspian Sea to the ocean via the Azov and Black seas. The new route is supposed to be the shortest and the cheapest way to carry Chinese goods via Central Asia to Europe.... MORE

Russia’s Refusal to Restructure Debt Hinders Assistance Plan for Ukraine
Ukraine has to generate $15.3 billion over four years with the help of a debt restructuring plan agreed, last March, with the International Monetary Fund (IMF). The IMF, which approved a new $17.5 billion loan for Ukraine and issued the first $4.9 billion tranche, expects... MORE

Gazprom Must Compromise on EU Charges, but Putin Cannot
The European Commission delivered, on April 22, a “statement of objections” resulting from its probe launched back in September 2012, which amounts to charging Gazprom with abusing its dominant position on the gas market in several EU member states. The content of the charges has... MORE

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