Latest Articles about Economics

US Restrictions Hurt Russian Space Defense and Commercial Projects

In response to Russia’s involvement in the Ukrainian crisis, the United States has tightened its export controls, and this has seriously hurt important Russian space projects. US authorities are apparently denying export licenses that allow European and other foreign communications satellites containing US components to... MORE

IMF Approves $17 Billion Loan for Ukraine

On April 30, the board of the International Monetary Fund (IMF) approved a new $17 billion loan for Ukraine, which will be disbursed over two years. Ukraine received the first tranche of this loan, equaling $3.2 billion, on May 6. The government will be able... MORE

Moscow Closes Okhotsk Sea to Outsiders

In a move that both exacerbates international conflicts in the Western Pacific and suggests how Moscow plans to proceed in the Arctic, Russian President Vladimir Putin has closed to all outside shipping and fishing the entire Sea of Okhotsk—some 52,000 square kilometers of water that... MORE

Chinese 3rd Generation Nuclear Technology Development

Globally, 295 new nuclear power plants are under construction or planned by 2030. The total aggregate value of the total build is estimated at $1.23 trillion, with international procurement worth approximately $26 billion per annum. [1] The size and prestige of this market has long... MORE

China Pursues Ambitious, but Risky, Financial Reforms

China’s leadership has, in the past year, announced many reforms to the Chinese economy, and especially the country's financial system. Some are slated to be implemented over time, while some are already in the process of being implemented. How can we distinguish between the two,... MORE

China’s Penetration of the Canadian Energy Market

China’s relentless global search for energy supplies has taken it from Central Asia to Sudan. But China imports oil from politically unstable nations such as inflation-ravaged Venezuela; Iran, constricted by international sanctions; and violence-ridden Iraq, the Democratic Republic of Congo and South Sudan, increasing the... MORE