Latest Articles about Economics

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

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

Putin Prioritizes Rebuilding the Lost Empire

This week, Prime Minister Vladimir Putin – the ruling United Russia party’s official candidate for reelection as president for a third six-year term next March – published a major policy article in the Izvestiya daily. Putin announced a long-term strategy to build a Eurasian superstate... MORE

Moscow Considers North Korean Debt Write-Off

As Moscow reiterated its promises to write-off much of Pyongyang’s Soviet-era debt, Russia once again tried to offer Kim Jong-Il some economic carrots in an apparent bid to play a bigger role in international efforts to defuse tensions on the Korean Peninsula.Russia’s renewed efforts to... MORE

China’s Cautious Economic and Strategic Gamble in Venezuela

Since coming to power in February 1999, Venezuelan president Hugo Chavez has waged a highly visible campaign against the U.S. and Western “imperialism” in Latin America, replete with fiery rhetoric, nationalization of strategic industries, the creation of alternative regional institutions, support for a range of... MORE

Is Belarus a Basket Case?

For the last fifteen years, Belarus has been the world’s leader in terms of the sheer number of predictions of its imminent economic collapse. And yet since 1996, the country has demonstrated steady, impressive and, in the words of a 2005 World Bank report, “broad-based”... MORE

Inflation Plagues Belarusian Economy

The Russian Ministry of Economic Development has issued a bleak prognosis for the economic future of Belarus, anticipating that the country will enter a period of recession in 2012, which will be followed by gradual recovery in future years (www.naviny.by, September 24). The report contrasts... MORE