Latest Articles about Economics
Moscow Faces More Problems in Achieving Its Ambitious Plans in the Arctic
Over the past five years, Moscow has made progress in gaining international recognition for its expansive claims to large portions of the Arctic. As some Russian media outlets reported in early December, this has come in part because the United States has not ratified the... MORE
The Russian Military’s Inflation Paradox
On November 27, President Vladimir Putin signed into law the Russian federal budget for 2024–26 and planning period for 2025–26. As part of the budget, national defense spending for 2024 will be close to 10.8 trillion rubles ($119.6 billion, according to the expected exchange rate)... MORE
Political Rhetoric Overshadows Belarus’s Economic Reorientation Toward Russia
On December 1, Belta, Belarus’s official press agency, admitted that President Alyaksandr Lukashenka seemingly went off script during his speech at the UN Climate Summit and “added sharpness to his presentation” (Belta, December 1). Lukashenka declared that repeatedly expressing concerns about climate change at a... MORE
Western Aid Strengthens Security of Ukrainian Grain Corridor
At the Grain From Ukraine forum in Kyiv on November 25, President Volodymyr Zelenskyy announced that Ukraine has arranged to receive additional air defense systems from Western partners to ensure the safety of vessels traveling along the grain corridor in the Black Sea. According to... MORE
China Exploits Russia’s Vulnerabilities
According to reports from Chinese media in late November, Beijing has refused to invest in the construction of the Power of Siberia-2 natural gas pipeline, proposing instead that Moscow fully cover the multibillion-dollar project. China also insists on substantial discounts for Russian gas, demonstrating strong... MORE
OSCE in Russia’s Tight Grip at Year-End Meeting
Russia has practically turned the Organization for Security and Co-operation in Europe (OSCE) into a hostage, ruthlessly instrumentalizing the organization’s consensus rules. The OSCE’s year-end, ministerial-level meeting, held in Skopje on November 29 and 30, highlighted Russia’s stranglehold over the OSCE as never before (see... MORE
Lagging Production of Machine Tools and Parts Plagues Russian Military-Industrial Complex
Russia has consistently spread dubious claims that defense production remains on track to achieve Moscow’s increased targets in providing increased support for the Russian war effort in Ukraine (see EDM, September 21, October 5, October 31). The Russian military-industrial complex as a whole depends heavily... MORE
Russian Energy Industry Faces Looming Investment Crisis
The 2023 UN Climate Change Conference (COP28), currently taking place in Dubai from November 30 to December 12, is missing contributions from one major energy power—namely, Russia. Many countries are guilty of pledging to curtail emissions then departing from their plans and falling short of... MORE
Decoding China’s Dilemma: The Difficulties Of Economic Reform
On November 27, the State Council of the People’s Republic of China (PRC) unveiled a new policy, titled “Notice on Strengthening Financial Support Measures for the Private Economy (关于强化金融支持举措 助力民营经济发展壮大的通知)” (People’s Bank of China, November 27). The notice introduces a set of 25 measures crafted... MORE
Chokepoint Consortium: Chinese Experts on Confronting American Pressure
News broke this September that Huawei released a new 5G-capable phone produced with domestic chip technology reportedly in contravention of US export controls. While experts disagree to what extent this new product represents a true domestic breakthrough, it serves as an important symbolic win for... MORE