Latest Articles about Economics

India to Build 24 Cargo Vessels for Russian Use in Caspian Trade

On October 26, Indian government-owned Goa Shipyard signed a substantial shipbuilding contract with Russia. The agreement calls for Goa to construct 24 river-sea class cargo ships for Russian clients in the Caspian Sea by 2027. The director of Caspian International Integration Club North-South, Dmitry Dubovik,... MORE

Caspian Sea Drying Up, Forcing Coastal Countries to Respond

The Caspian Sea is in danger of drying up. On June 7, government officials in the coastal city of Aktau, Kazakhstan, released a statement declaring a natural state of emergency for the maritime industry due to the sea’s low water levels (Facebook.com/Aktau_Press, June 7; Eurasianet,... MORE

Russia and China Develop New Grain Corridor

During the most recent Belt and Road summit in Beijing, Russia agreed to supply China with 70 million tons of grain, legumes, and oilseeds worth 2.5 trillion rubles (about $25.7 billion) over the next 12 years (TASS, October 17). Head of the Russian company New... MORE

Azerbaijan Learns Important Lessons From Israel-Hamas War

On October 29, the Israeli government granted a tender to the State Oil Company of the Republic of Azerbaijan (SOCAR) for gas exploration in Israel’s Exclusive Economic Zone in the Mediterranean Sea (Azvision.az, October 30). The deal came two days after Turkish President Recep Tayyip... MORE

Georgia Positions Itself as Mediator Between Armenia and Azerbaijan

On October 26 and 27, Tbilisi hosted the fourth annual Silk Road Forum. The forum brought together about 2,000 guests from 60 countries to discuss global economic challenges and prospects for cooperation (Report.az,  October 26). International interest in the event skyrocketed after Russia’s full-scale invasion... MORE

Russia Tries and Fails to Gain a Foothold in Asia-Pacific

Few prospects worry Moscow more than a potential reduction of tensions between the United States and China. Such a development, even if half-hearted and temporary, would threaten a curtailment of Beijing’s support for Russia in the international arena—at least from Moscow’s perspective. The Asia-Pacific Economic... MORE

Mongolia’s Expanding Cooperation With China Has Limits

Mongolia is currently updating the country’s national security concept, and managing relations with Russia and China remains foundational (Ikon, September 27). At the end of October, Mongolian President Khurelsukh Ukhnaa, Russian President Vladimir Putin, and Chinese Communist Party General Secretary Xi Jinping met on the... MORE

Belarus Finds Economic Optimism Amid Political Freeze

On November 3, Belarusian President Alyaksandr Lukashenka paid a visit to Astravets, the site of Belarus’s nuclear power plant located 15 kilometers (about 9 miles) from the Lithuanian border (President.gov.by, November 3). The visit was arranged in concert with Russian energy corporation Rosatom completing the... MORE