Latest Articles about Economics

Russia’s Arctic Project Moves Forward but Epitomizes Russia’s Economic and Defense Problems
For several years, Russia has been telling the world about how it will build up its commercial, energy and military position in the Arctic. Recently, it appears to have begun the actual implementation of those linked projects. Thus, President Putin has nominated Federation Council member... MORE

Russia’s Far East Moves Toward Hosting APEC Summit
Russia’s Primorie region in the country’s Far East moved to finalize the construction of high-profile projects, designed to prepare for the upcoming APEC summit meeting next month in Vladivostok. However, Prime Minister Dmitry Medvedev’s recent visit there has only served to underline the continued problems... MORE

Congress Reviews Central Asia (Part Two): Non-Security Issues
Much of the July 24 hearing of the Subcommittee on Europe and Eurasia of the House Foreign Affairs Committee (for Part One of this article, detailing security issues, see EDM, August 1) focused on how to promote US economic goals in Central Asia, as well... MORE

Coping with the East-West Imbalance in Belarus’s Foreign Relations
On July 18, Russia’s Prime Minister Dmitry Medvedev paid an official visit to Minsk. Medvedev’s visit was somewhat clouded by the July 4 penetration of Belarus’s airspace by a light Swedish plane that took off in Lithuania and dropped 1,000 toy teddy bears carrying human... MORE

Kazakhstan Puts Components in Place for Caspian Shipping
On July 25, Kazakhstan’s coastal city of Aktau hosted an expert-level conference on implementing global standards for maritime shipping at Caspian ports (News.az, July 25). Organized by TRACECA’s Logistics Processes and Motorways of the Sea (LOGMOS) project, the conference signals the inauguration of an important... MORE

Ukraine Increasingly Relies on Chinese Finances
China has preliminarily agreed to lend more than $7 billion to Ukraine. In addition, an agreement has been signed between the two countries’ central banks on a currency swap worth $2.4 billion. Although it is likely to take months of talks to agree on the... MORE

Chinese-Built Tunnel Projects in Tajikistan Could Bolster KKT Route of NATO’s NDN
On July 11, the excavation of the Shahristan tunnel connecting northern and southern Tajikistan was completed. When opened, the 5,253-meter-long tunnel will reduce travel time between Dushanbe and Khujand by two hours (BBC Tajik, July 11). More importantly, the tunnel will make the route safer... MORE

Uzbekistan’s Balancing Act With China: A View From the Ground
The exact reasons for Uzbekistan’s decision to withdraw from the Collective Security Treaty Organization (CSTO) at the end of June remain unclear (Xinhua, June, 29; Russia Today, June 28, 2012). However, while Tashkent seems to have soured on the Russian-led regional organization, President Islam Karimov... MORE

Russia, Kazakhstan Keep Focusing on Multilateral Cooperation
Russian and Kazakhstani leaders indicated plans to prioritize multilateral economic ties within the Customs Union and the Common Economic Space (CES). Meanwhile, some of their planned bilateral projects appear to have dropped off the agenda.Russia has continued to extol the growing trade volumes inside regional... MORE

Kyrgyzstan Looking to China for Strategic Investments
As a small, poor and isolated country, Kyrgyzstan, does not have the luxury of picking its foreign partners. While its leadership continues to look north to Kazakhstan and Russia in determining its geopolitical orientation, and to the West for some semblance of democratic self-affirmation, it... MORE