Latest Articles about Economics
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Putin’s Russia at a Crossroads Politically and Economically
The Russian government, the expert community in Moscow and the national economic elite are actively discussing the economic future of the nation and possible drastic financial policy changes as the economy slumps into potentially long-term stagflation, which may fundamentally destabilize the regime. The elite’s discord... MORE
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Power Struggle in Dagestan Changes Political Landscape
Dagestani billionaire Suleiman Kerimov is set to leave the Federation Council, the upper chamber of the Russian parliament, according to a report published in the newspaper Izvestia on March 29. Kerimov is among the wealthiest Dagestanis close to the Russian government. The parliament’s lower house,... MORE
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NDN ‘Reverse Transit,’ Uzbekistan and the Failure of Western Grand Strategy (Part Two)
The drawdown of North Atlantic Treaty Organization (NATO) combat forces from Afghanistan by 2014 will limit the future potential of the Northern Distribution Network (NDN). Moreover, the withdrawal has left defense planning staffs among International Security Assistance Force (ISAF) members trying to resolve the conundrum... MORE
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Belarus: Between Tangible Benefits and Make-Believe Policies
Recent events around Belarus draw attention to a chasm between the Belarusian policies pursued by Russia and by the West. This month, Russia agreed to retain an unprecedented scale of duty-free oil deliveries to Belarus. Under the current deal, Russia exports crude oil to Belarus,... MORE
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Russian-Kazakhstani Energy Spat Favors China
On March 7, Kazakhstan’s parliament ratified the bilateral agreement with Russia on the duty-free import of Russian oil into Kazakhstani territory. The initial agreement on Kazakhstani-Russian cooperation in the field of energy was signed back in December 2010, but it did not exempt hydrocarbon supplies... MORE
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Policy Reform Measures Highlight Potential for Transformation
In the next five years, China will implement a series of transformative public sector reforms due to the convergence of several factors over the past year that have made China ripe for change. Most obvious among them is the fact that the party leadership chosen... MORE
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Dmytro Firtash Launches New Opaque Gas Intermediary
For 20 out of the 22 years of Ukraine’s independence (with the exception of the period 2009–2010), the country’s domestic energy market has been dominated by opaque gas intermediaries. Gazprom’s Itera and Yulia Tymoshenko’s United Energy Systems of Ukraine operated during the first decade of... MORE
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Izmir Port Project Magnifies Azerbaijan’s Integrated Investments in Turkey
On March 22 in Copenhagen, the Danish and Turkish prime ministers, Helle Thorning-Schmidt and Recep Tayyp Erdogan, witnessed the signing of agreements between subsidiaries of Danish Moeller-Maersk and Azerbaijan’s State Oil Company (SOCAR) to develop a giant port near Izmir in Turkey. The petrochemicals holding... MORE
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The Cyprus Test for Russian Foreign and Economic Policies
The Cyprus issue has dominated political debates and intrigues in Moscow through last week, turning into a test of sorts for Russia’s ability to respond to acute external challenges. The financial disaster on the island that has become so intimately familiar to many Russians has... MORE
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Kazakhstani-Korean Economic Partnership Strives Ahead
Kazakhstan has become South Korea’s (also known as the Republic of Korea—ROK) main economic partner in Central Asia, and powerful complementarities exist between Astana’s desire for foreign capital and technologies, especially in order to develop its infrastructure and new high-technology sectors, and Seoul’s need for... MORE