Latest Articles about Economics
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SCO’s Tipping Point in Central Asia
Ten years after its formation, the Shanghai Cooperation Organization (SCO) is overshadowing its regional Russian-led competitor the Collective Security Treaty Organization (CSTO). At the June 15 SCO summit in Astana, China demonstrated how its economic growth and political influence in the region has superseded that... MORE
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Will Kyiv Seek Alternatives to Russian Gas or Make Concessions to Moscow?
Kyiv’s recent attempt to persuade Moscow to lower the price of gas for Ukraine proved to be a fiasco. Russian Prime Minister, Vladimir Putin, made it clear to his visiting Ukrainian counterpart Mykola Azarov on June 7 that Moscow was happy with the current situation... MORE
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Kazakhstan Pushes For Integration With the Global Economy
For Kazakhstan May was full of economically and geopolitically significant developments worth exploring in the national, regional, and global contexts. The country hosted the 4th Economic Forum in Astana on May 3 – 4, designed to assess economic challenges facing the world economy and explore... MORE
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Gas Talks In Moscow Raise Pressures On Ukraine
On June 7 in Moscow, Prime Ministers Vladimir Putin and Nikolai Azarov held tense negotiations on the terms of Russian gas supplies to Ukraine. The government in Kyiv and its Donetsk-based industrial interests are seeking a second round of gas price-cutting, after that agreed in... MORE
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Belarus Devalues Currency amid Growing Isolation
Belarusian President, Alyaksandr Lukashenka, is a man under pressure. Assailed by Western powers for his harsh treatment of former presidential candidates and protestors, he also faces mounting economic problems that have led to the devaluation of the national currency. At the same time, high rates... MORE
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Chinese Citizens Challenge the Party’s Authoritarian Tilt
In what pundits have billed as a battle between David and Goliath, Chinese citizens appear to be pushing back on the all-powerful party-and-state apparatus that increasingly seems out of touch with popular aspirations. Efforts to challenge the Chinese Communist Party’s (CCP) supremacy are mounting even... MORE
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Russia’s Drive to Form Global Energy Partnerships Hits a Bumpy Road
Russia’s efforts to ameliorate its energy sector by pursuing international partnerships suffered a sensitive setback as a planned mega-deal ended in an apparent failure.Plans of Russia’s largest oil firm Rosneft to implement a share swap agreement with BP failed to materialize. Until mid-May, BP and... MORE
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Ukraine Drifting Away From Customs Union With Russia
Ukraine has sent Russia a clear signal that it is unconvinced it would benefit from membership in the Russian-dominated customs union more than from free trade with the European Union. The Ukrainian parliament instructed the government to prioritize the association and free trade talks with... MORE
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The Dragon and the Mamba: China’s Growing Presence in Mozambique
In just the past three years, the People’s Republic of China (PRC) has established an impressive foothold in the former Portuguese colony of Mozambique in southern Africa. While China’s relations with Mozambique date back to the early 1960s when the Chinese Communist Party (CCP) supported... MORE
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Ukraine Expels Czech Diplomats, Jeopardizing Talks with the European Union
Ukraine has expelled two Czech diplomats, explaining that they had gathered military secrets and hired local assistants who now face prison sentences. This is an extraordinary event as Ukraine has avoided scandals involving the expulsion of Western diplomats in the past. Moreover, this happened at... MORE