Latest Articles about Economics
Conflict Forces Coal-Rich Ukraine to Import More Coal to Ease Shortfalls
On October 22, Ukrainian Prime Minister Arseniy Yatsenyuk delivered the grim news to his constituents that, by the end of the year, Ukraine will be short four million tons of coal (TSN.ua, October 22). Pro-Russian separatists control more than half of the coal mines in... MORE
Moscow’s Empty Promises on Far East Could Undermine Government Credibility
As more people die in eastern Ukraine in the fighting between government forces and Russia-backed rebels, Moscow seems determined to pursue its internal economic goals despite the damage already caused by the West’s sanctions. Russian Foreign Minister Sergei Lavrov said, on October 19, that his... MORE
Russia Pushes Kyrgyzstan to Adopt Draconian Legislation Ahead of Joining Customs Union
On October 15, Kyrgyzstani lawmakers in the Jogorku Kenesh (Kyrgyzstan’s parliament) voted on an “anti–gay propaganda” bill to criminalize and impose up to year-long prison sentences for distributing information about homosexuality or LGBT issues that is reflected in a positive light. The bill was overwhelmingly... MORE
China’s Railway Diplomacy in the Balkans
In November 2013, China, Serbia and Hungary signed a Memorandum of Understanding (MoU) for the construction of the Hungaro-Serbian High-Speed Railway (HSR), connecting Belgrade and Budapest by rail to facilitate transporting Chinese exports from Greek ports to European markets. First proposed by Beijing in February... MORE
Putin Steals the Asia-Europe Show—and Brings Big Disappointment
The most recent Asia-Europe Meeting (ASEM) summit attracted a sizeable crowd of world leaders to Milan last week (October 16–17), but the formal agenda was overtaken by the efforts to manage the violent conflict between Russia and Ukraine and facilitate dialogue between presidents Vladimir Putin... MORE
Defending Uzbekistan’s Sovereignty in Face of the Ukraine Crisis—A Net Assessment of Developments in Uzbekistan Since the Start of 2014
The involvement of Russia in the current turbulent situation in southeastern Ukraine most likely did not surprise Uzbekistan’s government, as it saw the parallels with the wars in Georgia in 2008 and in Transnistria in 1990. For President Islam Karimov, the situation in Ukraine most... MORE
Macroeconomic Problems Overshadow Foreign Policy Agenda—A Net Assessment of the Situation in Kazakhstan Since the Start of 2014
The past nine and a half months of 2014 have been dominated in Kazakhstan by the worsening macroeconomic situation, which has prompted the government to move forward with some unpopular measures while embarking on a set of far-reaching reforms. In February, the National Bank of... MORE
Gray Clouds and Silver Linings—A Net Assessment of the Situation in Belarus Since the Start of 2014
Throughout 2014, four major phenomena have affected Belarus—the war in Ukraine, the formation of the Eurasian Union, a new thaw with the West, and a slowing of economic growth. These phenomena are inter-related. For example, slower growth is, to some extent, caused by Russia’s and... MORE
Few Successes and Many Disappointments—A Net Assessment of Developments in Georgia Since the Start of 2014
To date in 2014, Georgia has not experienced anything as cataclysmically destructive as the 2008 Russian-Georgian war. However, this year has not been particularly successful either. And prospects are low that this negative trend will improve much in the coming two months, before the year... MORE
De-Modernization and Degradation—A Net Assessment of Russia’s Domestic Situation Since the Start of 2014
Considering Russia’s shocking transformation in the course of just half a year, it is easy to forget that last February the country was united in the joy of hosting the Sochi Winter Olympic games. The issues that dominated the political agenda at the start of... MORE