Latest Articles about Economics

Belarus and the ‘End of Peace’ in Europe

On July 31, the international Contact Group, which aims to resolve the crisis in Ukraine (see EDM, July 18), met in Zaslavl, Belarus. It was attended by former Ukrainian president Leonid Kuchma, Russia’s ambassador to Ukraine Mikhail Zurabov, some representative of the self-proclaimed Donetsk People’s... MORE

Putin Picks the Worst of All Bad Choices

With the arrival of August, political expectations in Russia, informed by the long experience of setbacks and disasters, are turning negative. Second thoughts about the “victorious” war with Georgia that erupted six years ago blend with reflections on the centennial anniversary of World War I... MORE

Is Russia Resuming a Trade War Against Georgia?

The Russian government has announced the imminent suspension of the Free Trade Regime between the Russian Federation and Georgia, which had been in place since 1994, following Georgia’s accession to the Commonwealth of Independent States (CIS) (Civil Georgia, July 31). Moscow established the same regime... MORE

Russian Economist Denounces Yevkurov’s Record in Ingushetia

Nikolai Petrov, the well-known economist from Moscow’s Higher School of Economics, has scathingly criticized the glowing reports made by Ingushetia’s Governor Yunus-Bek Yevkurov. In an article, published by the Vzglyad website on July 28, Petrov pointed out that Ingushetia’s economy showed some positive dynamics, but... MORE

Breaking Western Monopolies: Chinese Military Innovation Bearing Fruit

On July 10, several Chinese news outlets announced that China had taken an important step towards achieving “self-reliance” (zizhu baozhang) through the “breaking” (dapo) of a foreign monopoly on military-use computer airborne systems (People’s Daily Online, July 10). Many details of the two real-time operating... MORE

South Stream Not Bankable After Fresh US Sanctions

Fresh sanctions against Russia imposed by the Barack Obama administration on July 16 will likely hamper Gazprom’s ability to finance the South Stream natural gas pipeline. Among the sanctioned entities are two energy companies, Rosneft and Novatek, and two financial institutions—Russia’s third-largest lender, Gazprombank, and... MORE