Latest Articles about Economics
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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
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Ramzan Kadyrov’s Regime is Unable to Cope with Sagging Chechen Economy
On November 4, mass protests occurred in Chechnya. Workers with the state construction firm Spetsstroi stayed off the job after not having been paid for four months, and went back to work only after they were promised that they would soon receive their back pay.... MORE
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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
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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
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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
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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
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Can Iran’s Islamic Revolutionary Guard Corps Maintain its Operational Capability in a Sanctions Regime?
The lasting impact of the latest round of sanctions slapped on Iran in June by the United Nations Security Council followed by an additional and more stringent unilateral sanctions regime levied by the United States – the chief proponent of sanctions – and the European... MORE
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Azerbaijan and Uzbekistan Agree To Look Beyond Politics
September 27 marked the second visit by Azerbaijan’s President, Ilham Aliev to Uzbekistan since 2004. Meeting with Uzbek President, Islam Karimov, Aliev emphasized the high degree of bilateral political relations, while calling for a boost in their lagging economic relationship (www.ru.trend.az, September 29; www.rian.ru, September... MORE
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China Secures Trade Surplus With Russia
Russia has sought to expand its trade with China in an apparent bid to prop up what was officially denoted as the strategic partnership between the two nations. Meanwhile, as bilateral trade recovered, China has regained a surplus in its trade with Russia. The official... MORE
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The Karakoram Corridor: China’s Transportation Network in Pakistan
In China’s quest to secure raw materials, resources and markets, Beijing has laid out a sophisticated blueprint to develop a region-wide transit corridor throughout the subcontinent. In the Himalayas, it has built rail, road and air networks that can support the Chinese military’s logistic supply... MORE