Latest Articles about Economics
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Space and Robotic Technology: the Kremlin’s Final Frontier?
Russia’s deputy prime minister tasked with overseeing the defense industry, Dmitry Rogozon, is also billed as the country’s “space Tsar,” and he is presently turning his attention to large-scale sectorial reorganization to boost the Russian space sector’s competitiveness. On October 9, Rogozin briefed his close... MORE
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Russia’s Trade Warfare Against Lithuania Is a Challenge to the European Union
Effective from October 7, Russia has banned the imports of Lithuanian dairy products. The Consumer Protection and Sanitary Inspectorate (Rospotrebnadzor) chief, Gennady Onishchenko, announced the ban, and now threatens to step up testing of Lithuanian meat and fish products at the border. Moscow has not... MORE
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Russia on a Collision Course with the European Union
The Kremlin is demonstrating its growing anger with the European Union for encroaching onto the territory of the former Soviet Union, which Moscow considers its exclusive sphere of influence. An important summit between the EU and the Eastern Partnership countries (Ukraine, Georgia, Armenia, Belarus, Moldova... MORE
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China Pushes “Silk Road” Regional Trade on Two Fronts
China’s top two leaders went to Southeast Asia last week with a message of regional economic integration, promising to build a “maritime silk road” (haishang sichou zhi lu) across the South China Sea (China News Service, October 3; Ministry of Foreign Affairs website, October 9).... MORE
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Moldova Hands Over Chisinau International Airport to Russian Business in Exclusive, Non-Transparent Deal (Part Two)
On October 4, the Moldovan government published the text of the agreement handing Chisinau International Airport to a Russian consortium, led by Khabarovsk-based Komaks, in an exclusive concession (Unimedia, October 4).Under the agreement, the Russian side shall operate the Chisinau airport for 49 years (until... MORE
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Moldova Hands Over Chisinau International Airport to Russian Business in Exclusive, Non-Transparent Deal (Part One)
Moldova’s governing Pro-Europe Coalition is handing Chisinau International Airport over to the Komaks company from Khabarovsk, eastern Siberia, in association with a company belonging to Russian tycoon Oleg Deripaska. The Khabarovsk company is headed by a “former” officer of the KGB and the Federal Security... MORE
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CASA-1000 Project Moves Forward Despite Security Risks
On September 16–17, officials from Kyrgyzstan, Tajikistan, Pakistan and Afghanistan met in Islamabad to sign a Resolution on Contracting Structure and Commercial Principles in the effort to launch the CASA-1000 trade and energy project in 2014. The parties hope CASA-1000 will help bring electricity from... MORE
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Uzbekistan Resists Falling Under Russia’s Economic Hegemony
In an unexpected move, Uzbekistan signed an agreement on joining the Russia-driven Free Trade Zone (FTZ) of the Commonwealth of Independent States (CIS) on May 31, 2013. The agreement, seen as a precursor to more serious regional integration, such as joining the Customs Union and... MORE
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Russia and the Moldovan Communists’ Red October (Part Two)
Last month, the Kremlin snapped its fingers and Armenia turned its back on Europe literally overnight, choosing to join the Russia-led Customs Union instead of concluding association and free-trade agreements with the European Union (see EDM, September 6, 11, 18). The Russian government is almost... MORE
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Chinese Investment in Kyrgyzstan Hampered by Unstable Business Climate
A joint declaration on strategic partnership was among several agreements that were signed following talks in Bishkek between visiting Chinese President Xi Jinping and his Kyrgyz Republic counterpart, Almazbek Atambaev, on September 11. Atambaev told reporters that the signed documents also include agreements on Chinese... MORE