Latest Articles about Economics

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

With Eye on Ukraine, Kremlin Reduces Aid to the North Caucasus and Eases Travel Abroad
The Russian government announced this month that it would cut developmental programs in the North Caucasus by another 13 percent, down to the equivalent of about $6 billion over the next decade. The Russian government’s program for developing the North Caucasus until 2025, which was... 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