Latest Articles about Economics
Russia Ponders the Eurozone Calamity
President Dmitry Medvedev started his final round of top level meetings with the trip to Cannes where the leaders of the twenty largest world economic powers gathered to discuss measures to rescue the global financial system from the Greek crisis. The scale of the unfolding... MORE
Ukraine Completes Free Trade Talks With Both the EU and CIS
Ukraine has signed a free trade agreement with the CIS and completed its free trade talks with the EU. Unlike membership of the Customs Union (Russia, Belarus and Kazakhstan), which Moscow keeps inviting Kyiv to join, the CIS free trade accord does not formally hinder... MORE
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
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
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
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
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
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
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
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