Latest Articles about Economics

The Potash War: A Sequel

The Belarusian-Russian potassium (potash) war has undergone several new developments. First, it appears that Uralkalii, a Russian potash producer that, in late July, left the joint Russian-Belarusian trader, Belarusian Potassium Company (BPC) (see EDM August 5, September 4), has insured its “management responsibility” risk. Its... MORE

China’s Energy Development in the East China Sea

China is doubling down on its hydrocarbon resource development in the East China Sea. The China National Offshore Oil Corporation (CNOOC) wants to double overall oil and gas production to 100 million metric tons per year by 2020 (Petroleum Economist, October 2012). CNOOC’s first licensing... MORE

Russia’s Customs Union Project Finds Acceptance in Armenia

Armenia’s move into Russia’s economic bloc, coupled with its military reliance on Russia, will conclusively reduce Armenia to the status of Russia’s satellite. Armenia’s snub to the European Union is comparable with the 1947 rejection of the Marshall Plan by the Moscow-dominated governments in Central... MORE

Armenia Trades European Union Association for Russian Protection

On September 3, Presidents Vladimir Putin and Serzh Sargsyan (speaking in that order from Putin’s Novo-Ogaryovo residence) announced their decision that Armenia would join the Russia-led blocs—the Customs Union and the Eurasian Economic Union. This decision at one stroke nullifies the Armenia–European Union Association and... MORE

Armenia Chooses Russia and Eurasia over the European Union

On September 3, in Moscow, Presidents Vladimir Putin of Russia and Serzh Sargsyan of Armenia jointly sank Armenia’s association, trade and visa liberalization agreements with the European Union, which were due to be concluded at the Vilnius summit in November.  Instead, Sargsyan announced his decision... MORE

A Russian-Belarusian Friendship Thriller

On August 26, Vladislav Baumgaertner of Russia was arrested in Minsk and placed in the KGB prison popularly known as Amerikanka while criminal proceedings have been launched against him by the Belarusian Prosecutor’s Office. An ethnic German, born and raised in the Urals (www.comnarcon.com/index.php?id=454?), Baumgaertner... MORE