Latest Articles about Economics

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

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

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

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