Latest Articles about Economics

Putin’s Eurasian Project Aggravates Russia’s Problems
The ceremony in Astana last Thursday (May 29) on signing the Eurasian Economic Union between Russia, Belarus and Kazakhstan was a surprisingly business-like affair. The lack of fanfare reflected the mood of Kazakhstani President Nursultan Nazarbaev, who was not altogether pleased with how his old... MORE

Russia, Kazakhstan and Belarus Form Eurasian Economic Union
On May 29, in the Kazakhstani capital of Astana, the presidents of Russia, Kazakhstan and Belarus signed a treaty to form the Eurasian Economic Union (EaEU)—a post-Soviet reintegration project vigorously pursued by President Vladimir Putin. The EaEU will come into being next January, after the... MORE

Russia Forces Crimea to Switch From Hryvna to Ruble Ahead of Schedule
Amongst the many complexities of integrating Crimea into Russia, problems regarding the currency and the scheduling of local elections remain at the top. On May 14, the lower house of the Russian parliament (the State Duma) adopted a resolution officially scheduling the local legislative elections... MORE

Costa Rica at Crossroads in Courtship with Beijing
In few other countries in Latin America and the Caribbean have the strategic objectives of China been as clear as in its relationship with Costa Rica. Yet in few other countries has the PRC experienced so many difficulties compared to the level of effort invested.... MORE

Western Sanctions Against Russia Impact Major Projects and Contracts
Western sanctions against Russia may not appear as strong or as sweeping as many expected, but their targeted effect is becoming visible in major Russian industries and critical ongoing projects, such as the South Stream gas pipeline, Yamal liquefied natural gas (LNG) project, and the... MORE

Kazakhstan Nervously Contemplates Possible Impact of Sanctions Against Russia
As the United States and the European Union continue to further step up sanctions against Russia for its annexation of Crimea and its subsequent fractious relations with Ukraine (ITAR-TASS, May 21), government officials in neighboring Kazakhstan are increasingly anxious about the potential impact these sanctions... MORE

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

Kazakhstan Prepares to Sign Eurasian Union Treaty Despite Lingering Problems
On April 28, Kazakhstani President Nursultan Nazarbayev paid a working visit to Russia’s capital, where he delivered a lecture at the Moscow State University, twenty years after his first similar speech there in 1994. Rather expectedly, the president’s speech was dedicated to the issue of... MORE

Tactical Pause in China’s Economic Engagement with North Korea
There is no consensus in the Chinese expert community regarding the time frame of the next North Korean nuclear test. However, the policy debate that started with the rise of the “abandonment school” after the third nuclear test, which occurred in February last year, has... MORE