Latest Articles about Economics

Planned Road From Dagestan to Georgia—Road of Friendship, or of War?
Someone looking at a map of the Caucasus would be surprised to see that only three transportation links cut across the Main Caucasus Ridge connecting the North and South Caucasus. This was not always the case. Prior to the Russian conquest of the North Caucasus... MORE

Russia Stalls Expansion of Oil and Gas Production in Dagestan
Dagestan’s gross regional product is a little more than $2,000 per capita. By many economic indicators, Russian economists say, Dagestan is not only far behind many other Russian regions, but is at the level of some of the world’s poorest nations. Economic underdevelopment has been... MORE

A Thaw With the West and Its Underpinnings
On September 22, the Belarus-USA Investment Forum was held at the Grand Hyatt hotel in midtown Manhattan. The forum featured speakers such as Belarusian Prime Minister Mikhail Myasnikovch, Economy Minister Nikolay Snopkov, Development Bank chairman Sergei Roumas, as well as Minsk-based High Tech Park Director... MORE

Iran Courts Kazakhstan to Reengage With Central Asia
On September 9, Iranian President Hassan Rouhani paid his first official visit to Kazakhstan since taking office last August, when he succeeded the much abrasive Mahmoud Ahmadinejad. This visit took place against the backdrop of a new round of direct talks between Tehran and the... MORE

No More International Flights From Russian-Occupied Crimea
As a result of the confluence of two developments, one welcome and encouraging and the other dangerous and worrisome, the airline that had maintained a route between Simerfopol (the capital of Crimea) and Turkey is ending that service. Andrey Sokolov, the Russian deputy minister for... MORE

Ukraine Not Ready for Winter Without Russian Gas
Russia has been threating those European states that have continued to deliver natural gas to Ukraine after Russia has cut its own supplies to the vulnerable Eastern European country. More recently, some progress has been made in the Russia-Ukraine gas talks being mediated by the... MORE

Russia Gears up for a New Spasm in the Hybrid War
Big guns have mostly remained silent in eastern Ukraine last week, but diplomatic battles at the United Nations General Assembly have not shown any recess. Russia used to be able to score some easy points at this seasonal show by denouncing the United States’ unilateralism... MORE

A Change in International Relations and a Thaw With the West
Belarusian analysts continue to assess the change in the international order, driven by the crisis in Ukraine, while Belarus’s relations with the West continue to gradually improve. To some extent, these phenomena are inter-related, and Russia’s worsening image in the eyes of the West may... MORE

Iranian Rail Links and the Geopolitics of the South Caucasus
Both Armenia and Azerbaijan are seeking to link their national railways with those of Iran, something that could be an economic lifesaver for Yerevan and an additional outlet for Baku’s exports of Caspian oil and gas. At present, Azerbaijan has the advantage because it does... MORE

Turkmenistan Becoming Regional Railway Hub
Buoyed by its rising hydrocarbon revenues, Turkmenistan is using some of that income to reduce its geographical isolation by upgrading and expanding its railway network while linking it to those of its neighbors. The most recent development is an Iran-Turkmenistan-Kazakhstan railroad, scheduled to be inaugurated... MORE