Latest Articles about Economics
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Caspian Sea Drying Up, Forcing Coastal Countries to Respond
The Caspian Sea is in danger of drying up. On June 7, government officials in the coastal city of Aktau, Kazakhstan, released a statement declaring a natural state of emergency for the maritime industry due to the sea’s low water levels (Facebook.com/Aktau_Press, June 7; Eurasianet,... MORE
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Russia and China Develop New Grain Corridor
During the most recent Belt and Road summit in Beijing, Russia agreed to supply China with 70 million tons of grain, legumes, and oilseeds worth 2.5 trillion rubles (about $25.7 billion) over the next 12 years (TASS, October 17). Head of the Russian company New... MORE
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Azerbaijan Learns Important Lessons From Israel-Hamas War
On October 29, the Israeli government granted a tender to the State Oil Company of the Republic of Azerbaijan (SOCAR) for gas exploration in Israel’s Exclusive Economic Zone in the Mediterranean Sea (Azvision.az, October 30). The deal came two days after Turkish President Recep Tayyip... MORE
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Moscow Struggles to Deliver Supplies to Populations Along Northern Sea Route
Russians living in the Far North are fed up with the lack of basic living supplies from their local governments. This discontent may soon escalate to the federal level. Moscow must be able to supply population centers and military bases along the country’s northern border... MORE
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Georgia Positions Itself as Mediator Between Armenia and Azerbaijan
On October 26 and 27, Tbilisi hosted the fourth annual Silk Road Forum. The forum brought together about 2,000 guests from 60 countries to discuss global economic challenges and prospects for cooperation (Report.az, October 26). International interest in the event skyrocketed after Russia’s full-scale invasion... MORE
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Russia Tries and Fails to Gain a Foothold in Asia-Pacific
Few prospects worry Moscow more than a potential reduction of tensions between the United States and China. Such a development, even if half-hearted and temporary, would threaten a curtailment of Beijing’s support for Russia in the international arena—at least from Moscow’s perspective. The Asia-Pacific Economic... MORE
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Mongolia’s Expanding Cooperation With China Has Limits
Mongolia is currently updating the country’s national security concept, and managing relations with Russia and China remains foundational (Ikon, September 27). At the end of October, Mongolian President Khurelsukh Ukhnaa, Russian President Vladimir Putin, and Chinese Communist Party General Secretary Xi Jinping met on the... MORE
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Belarus Finds Economic Optimism Amid Political Freeze
On November 3, Belarusian President Alyaksandr Lukashenka paid a visit to Astravets, the site of Belarus’s nuclear power plant located 15 kilometers (about 9 miles) from the Lithuanian border (President.gov.by, November 3). The visit was arranged in concert with Russian energy corporation Rosatom completing the... MORE
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Lukashenka Makes Unconventional Pronouncements on Sidelines of Eurasian Security Conference
On October 26 and 27, the international conference, “Eurasian Security: Reality and Prospects in a Transforming World,” was held in Minsk. The event took place under the auspices of Belarus’s current chairmanship of the Collective Security Treaty Organization (CSTO). About 300 representatives from 30 countries... MORE
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Third Quarter Arms Production Undermines the Kremlin’s Narrative
In September, Moscow announced its plans to dramatically increase defense spending by the end of the year, with some estimating a 70-percent increase for that budget (see EDM, October 5). Russia’s national defense budget has reportedly been growing quickly ever since, but this has not... MORE