Latest Articles about Economics

Russia Seeks to Increase Energy Supplies to China
Moscow has indicated its interest in increasing trade with China, but a major bilateral gas deal remained elusive. During talks with his Chinese counterpart, Hu Jintao, in Moscow on June 16, Russian President Dmitry Medvedev hailed what he described as the positive development of bilateral... MORE

Growing Financial Crisis Reversing al-Shabaab’s Gains in Somalia
Even as Somalia’s radical Islamist al-Shabaab movement announced its allegiance to the new al-Qaeda leader, Dr. Ayman al-Zawahiri, the movement has displayed signs of weakness that have led to the loss of territory in recent clashes in Mogadishu and in towns close to the border... MORE

Kyiv Expects Chinese Investment Deluge After Hu Jintao’s Visit
China’s President, Hu Jintao, signed important political and trade documents during his June 18 – 20 visit to Ukraine, winding up his CIS tour in which he also visited Kazakhstan and Russia. While Beijing is interested mainly in military-technical cooperation, Kyiv views China as primarily... MORE

Conflicting Reports On the Sale of Belarus Potash Company
At a press conference in the National Library of Belarus for central and regional media, Belarusian President Alyaksandr Lukashenka denied that his country is in crisis. He defined the latter as a time when enterprises cease production, or else they lack raw materials, they cannot... MORE

Moscow’s Plan to Increase Control over the North Caucasus Imperils its Effort to Modernize the Region
The International Economic Forum took place in St. Petersburg, Russia, over June 16-18. Delegations from the North Caucasian republics attended the event and a special session “North Caucasus: Unlocking the Potential” took place on June 18. From the statements of Russian officials, it transpired that... MORE

Medvedev Speaks Against Putinism and Fails to Disprove Khodorkovsky
The annual economic forum in St. Petersburg is not known for quality debates and builds its reputation around a major political speech traditionally delivered by the leader or a candidate with the ambition to set Russia’s course for years to come. President Dmitry Medvedev rose... MORE

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

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

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

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