Latest Articles about Economics

Russia’s Faltering Economy Causing Currency Crisis in Armenia

Armenia’s strong economic dependence on the Russian Federation is dramatically being highlighted at the moment by the devaluation of the Russian ruble and the general economic decline in Russia. The structure of Armenia’s economy and the character of its relationship with Russia suggest that Armenian... MORE

Russia Enters New Year Mired in Troubles

The post–New Year holidays in Russia have brought less joy or happy expectations than usual to the country’s elites, the urban middle classes and even to Russia’s millions of labor migrants. Over the past 15 years, all these groups shared in the country’s prosperity, which... MORE

Putin’s Passage to India: Where Did It Lead?

Russian President Vladimir Putin termed his recent trip to India “productive” and “positive.” Indeed, twenty agreements were signed with India, pertaining mainly to economic issues, energy supplies and arms sales (Kremlin.ru, December 11). Thus, Russian petroleum giant Rosenft will sell ten million tons (200,000 barrels... MORE

Belarus and Russia’s Ailing Economy

The conflict that arose after Russia’s temporary ban on imports from 23 Belarusian meat processors and on Belarusian food transit to Kazakhstan (see EDM, December 3) has not been resolved yet. During the first week of December, Belarusian officials at all levels of government expressed... MORE

Putin Pledges to Stay the Course, Hits a Dead End

The Kremlin has a lot to explain following the dangerous deterioration of Russia’s international situation and the drastic degradation of its economy. And President Vladimir Putin opted in his annual address to the Federal Assembly, delivered last Thursday (see EDM, December 4) to provide one... MORE

Uzbekistan Seeks to Shore up Strategic Alliance With Kazakhstan

On November 24 and 25, Uzbekistan’s president, Islam Karimov, paid an official visit to neighboring Kazakhstan, where he spent long hours with his local counterpart, Nursultan Nazarbayev. The last time Karimov went to Astana was in September 2012, followed by Nazarbayev’s reciprocal visit to Tashkent... MORE

New Trade War Erupts Between Russia and Belarus

“We are beginning the new year without any problems whatsoever, even small ones, in our relations as we have settled them all,” President Alyaksandr Lukashenka observed as recently as November 18, while receiving Russian Foreign Minister Sergei Lavrov (Svaboda, November 28). Yet, barely nine days... MORE