Latest Articles about Economics

Yevtushenkov’s Arrest: A Stern Warning to All the Wealthy and Powerful
The Russian business community was shocked by the arrest this week (September 16) of one of Russia’s richest industrialists—billionaire-tycoon Vladimir Yevtushenkov (65), accused of money laundering. In 2009, Yevtushenkov acquired Bashneft, a major oil and petrochemical company. Prosecutors allege Bashneft was illegally privatized by Ural... MORE

Turkish Businesses Seek to Open North Caucasus to the Outside World
On September 7, representatives of the Turkish government-owned company Caykur met with North Ossetia’s Prime Minister Sergei Takoev to discuss an investment project in the Russian republic. Caykur applied for a swath of land in North Ossetia on which to build a tea packing plant... MORE

Ukrainian Economy in Dire Straits, Being Destroyed by War
If turmoil in Donbas, Ukraine’s industrial heartland comprising the provinces of Donetsk and Luhansk, continues, next year will be the third year without economic growth for the country. This is especially detrimental for an emerging economy that has not yet overcome the devastating effects of... MORE

Ukraine May Harm Itself by Slapping Sanctions on Russia
On September 10, Ukrainian President Petro Poroshenko signed into law a bill on sanctions against Russia (president.gov.ua, September 10). The law was published in official newspapers on September 11, which gave Poroshenko legal grounds to, as soon as September 12, slap sanctions on Russia for... MORE

The Rationale Behind Putin’s Visit to Mongolia Amid the Ukrainian Crisis
While on a several-day visit to the Russian Far East (see Jamestown Blog on Russia and Eurasia, September 9), Russian President Vladimir Putin spent less than six hours in Ulaanbaatar, Mongolia, on September 3. He took this trip amidst the ongoing crisis in Ukraine and... MORE

Minsk: Facilitating Peace, but Benefiting From Conditions Shaped by War
The September 5 Minsk meeting of the Contact Group (CG) on Ukraine that resulted in a ceasefire deal continues to reverberate in the global media as does the overall conflict in Ukraine. For Belarus, two sets of issues appear noteworthy: the statements of the meeting’s... MORE

An Equal and Opposite Reaction? Xi’s Grand Tour of the Americas
This July, Chinese President Xi Jinping embarked on state visits to Argentina, Cuba and Venezuela and attended a summit of the loose group of major developing countries known as BRICS (Brazil, Russia, India, China and South Africa) in Fortaleza, Brazil. This was his second trip... MORE

Rogun Dam Studies Set the Scene for Further Disputes Among Central Asian Countries
Last month (July 2014), a World Bank assessment explicitly approved the technical, economic and social aspects of the construction of the planned Rogun hydropower plant (Rogun HPP). The conclusions vindicate Tajikistan, which has hoped to build this hydroelectric dam for years. Uzbekistan, on the other... MORE

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