Latest Articles about Economics
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Putin and the Future of the Sino-Russian Partnership
Vladimir Putin, Russia’s current prime minister, chose to make his first foreign trip to China after his announcement in late September that he would run again for president. This led some to expect Russia would align closer toward Beijing in coming years. Perhaps for this... MORE
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Russia Still Hopes Ukraine Will Join Customs Union
Ukraine has made considerable progress in the free trade talks with the EU during the past several months. Kyiv and Brussels are planning to sign an association and free trade agreement in December 2011, as the free trade talks were completed in Brussels on October... MORE
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Russia Claims Settlement of Energy Pricing Disputes With China
Moscow claims to have resolved energy-related pricing disagreements with Beijing and has promised to increase bilateral trade. The official visit by Russian Prime Minister Vladimir Putin to China on October 10-11 was designed to give bilateral economic and energy ties yet another boost. For that... MORE
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Kyrgyzstan and Tajikistan Forced Into Customs Union
On October 19, members of the Eurasian Economic Community (EurAsEC) announced in St. Petersburg that both Kyrgyzstan and Tajikistan are eligible to join the Russia-Belarus-Kazakhstan Customs Union (www.24.kg, October 19).Although the Customs Union positions itself as an economic alignment, it has long acquired political significance.... MORE
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Putin Uses Symbols of Soviet Power to Announce Idea of Eurasian Union
On October 3, 2011, Vladimir Putin made headlines by putting forward the idea of a Eurasian Union including several post-Soviet states. This was his first foreign policy initiative since the announcement of his candidacy for a third mandate, made at the United Russia Congress at... MORE
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Beijing Battles Brewing Crisis in Financial Sector
Given that China is expected to contribute 24 percent of world growth this year, the fast-rising quasi-superpower is generally deemed a bastion of stability in the financial maelstrom that is hitting Europe and the United States. While Beijing, which is the largest holder of U.S.... MORE
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Economic Stagnation In Russia Becomes Personal for Putin
The crucial economic signal for Russia last week was the price slide for the Urals oil blend below the $100 per barrel level, which is not only a symbolic watershed but also an inflection mark on which the Russian budget goes into red (Kommersant-FM, www.gazeta.ru,... MORE
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Putin’s Eurasian Manifesto Charts Russia’s Return to Great Power Status
Russia’s prime minister and president-in-waiting, Vladimir Putin, has published a lengthy manifesto on integrating the “post-Soviet space” economically around Russia (“New Integration Project for Eurasia: The Future Is Being Born Today,” Izvestiya, October 4). The publication’s immediate context is electoral, but the implementation is already... MORE
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Soccer in the North Caucasus Is More Than Just Sport
It is not an accident that the city of Grozny’s annual festival is held on October 5, Ramzan Kadyrov’s birthday. This year, a building complex nicknamed Grozny-City will be inaugurated on October 5. It consists of five multi-storey buildings, including 45-story, 30-story and 18-story residences,... MORE
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Putin Attempts to Reinvent the Customs Union As a Eurasian Bloc
Russian Prime Minister Vladimir is yet to win the presidency formally next year, but he has already laid out ambitious foreign policy plans in regard to former Soviet states, Russia’s “traditional sphere of influence,” as the Kremlin often defines it. In his recent op-ed piece... MORE