Latest Articles about Economics

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

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

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