Latest Articles about Economics

China’s Expansionist Policy Toward Kazakhstan Takes a New Turn

In a bid to expand its presence in Central Asia in geopolitical competition with the US and Russia, China seems determined to use every available means ranging from the energy sector to intensifying its military cooperation within the framework of bilateral “strategic partnership” programs. One... MORE

Kremlin Plan for Resettling Unemployed Ingush in Sverdlovsk Falters

Ingush settlers who come to Russia’s Sverdlovsk region, located in the Ural mountains, in search of work have found little employment and government support. “From the very beginning, this widely advertised [Ingush resettlement] program was doomed to failure,” the former representative of Ingushetia in Sverdlovsk... MORE

Medvedev Adrift in a Sea of Economic Multi-polarity

The G20 summit in Seoul last week was outstanding in its intensity of divergences that this crisis-born institution sought to harmonize. The US unfortunate unilateralism in money-making and China’s shameless currency manipulation, the prudence of budget austerity and the need in stimulating stalled growth, irreducible... MORE

Uzbekistan Considers Closer Ties with the Persian Gulf

Uzbekistan is increasingly set on expanding regional trade and transport initiatives, which is also part of a wider regional trend. In September, Uzbek President, Islam Karimov, and his Azeri counterpart, Ilham Aliev, agreed to support regional transit projects as part of overall efforts to revive... MORE

Russia Targeting Oil Assets in Poland and Lithuania

On October 30, Poland announced its intention to privatize the state-owned majority stake in the country’s second-largest oil industry concern, Lotos Group. The Polish government is inviting interested parties to pre-tender talks on the Lotos Group. The government has already talked with the Russian government... MORE

Turkey Tries to Engage Mongolia, Despite Dim Prospects

Turkey and Mongolia held their sixth Joint Economic Commission (JEC) meeting in Ulaanbaatar on October 26. Deputy Prime Minister, Bulent Arinc, headed the Turkish delegation, and Mongolia’s Environment and Tourism Minister, Luimed Gansukh, signed a memorandum of understanding to boost economic and commercial relations. Related... MORE

Russia Struggles to Develop New Joint Ventures with Mongolia

The Kremlin has repeatedly pledged to implement sizable infrastructure development projects in Mongolia. However, new Russian projects in this neighboring state have tended to be slow to materialize. In an apparent bid to speed up joint projects, in early October Russia and Mongolia moved to... MORE

Russia Considers Increased Gas Production

Moscow has reiterated its pledges to develop the Russian natural gas sector and significantly increase domestic production and exports. However, it remains to be seen whether Russia will be able to deliver on its permanently increasing gas output plans against a background of growing domestic... MORE