Latest Articles about Economics
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Kadyrov Seeks to Retain Privileged Financial Position for Chechnya in the North Caucasus
Chechens suddenly learned from the Russian media that the authorities in Moscow were preparing to axe the federal program on socio-economic development of the Chechen Republic in 2008–2012. Chechnya was destined to receive about $3 billion through this program (https://regions.ru/news/2429193/). However, Moscow has proposed replacing... MORE
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Farewell to Baikonur? Russia Confirms Intention to Move Away from Space Cooperation with Kazakhstan
On the day preceding Nursultan Nazarbayev’s latest visit to Moscow (see EDM, October 19), the widely-read Russian daily newspaper Izvestia published an interview previously obtained from an unidentified high-level official of the Russian Space Agency (Roskosmos). In his conversation with journalists, the official claimed that... MORE
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Whatever Happened to Russia’s Korea Projects?
In August 2011, Russia signed what appeared to be a momentous agreement with North Korea (Democratic People’s Republic of Korea—DPRK), an accord that marked Kim Jong Il’s last great foreign policy accomplishment. North Korea’s Supreme Leader’s last major foreign policy initiative was the August summit... MORE
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Kazakhstan-Turkey Presidential Summit Deepens Economic Ties
On October 10–11, Kazakhstan’s President Nursultan Nazarbayev conducted an official visit to Turkey, which focused on deepening economic ties between these already strong partners. The main event was the first meeting of the High Level Strategic Cooperation Council, which was established after Prime Minister Recep... MORE
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Russia and Kazakhstan Pledge to Renew Strategic Partnership amid Growing Dissatisfaction with Customs Union
On October 9 and 10, Kazakhstan’s President Nursultan Nazarbayev paid an official visit to Moscow to celebrate 20 years of good-neighborly relations with its northern neighbor. Russia’s leader, Vladimir Putin, had recently visited Kazakhstan earlier in mid-September. The majority of issues discussed during the bilateral... MORE
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Russia Mulls Tax Breaks to Encourage Far Eastern Development
The Russian federal government pledged to expedite development of the country’s Far Eastern regions by offering new tax incentives to local businesses and investors. In the meantime, the regional authorities indicated interest in keeping a greater share of the tax revenue. In a sign that... MORE
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Russia: Belarus’s Economic Lifeline and Cultural Magnet
To Belarus, Russia is not just the “meaningful other.” It provides an existential lifeline to Belarus as a de facto custodian of Belarus’s socio-economic model and a cultural magnet of sorts. It was only after Russia dropped the price of natural gas sold to Belarus... MORE
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Russia Struggles to Lure Tajikistan into the Customs Union
Russian officials reiterated pledges to boost economic cooperation with Tajikistan. Meanwhile, the authorities in Dushanbe seemed to remain hesitant on some issues, notably the country’s possible membership in the Russian-led economic grouping, the Customs Union of Russia, Belarus and Kazakhstan. When Russian President Vladimir Putin... MORE
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Foreign Businesses in China: Out on a Limb?
Even when Chinese relations with major trading partners are stable, arbitrary actions by the host government against foreign businesses in China have not been uncommon. At present, China’s relations with Japan, the United States and several other nations seem on an uncertain trajectory—a state of... MORE
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Kazakhstan Aims to Modernize its Energy Sector
On October 2 and 3, Kazakhstan’s capital hosted an annual gathering of the Kazenergy Association, which is comprised of 50 of the biggest players in the oil and gas sectors as well as the non-hydrocarbon sector, including foreign and domestic companies. The association was created... MORE