Latest Articles about Economics
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Western Sanctions and Personnel Shortages Plague Russia’s Aircraft Industry
On August 29, a new version of Russian commercial aircraft, the SJ-100 (formerly known as the SSJ-100), completed its first flight. The main difference between the new SJ-100 and the old SSJ-100 is that extensive import substitution efforts were carried out to source the necessary... MORE
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Russia Remains Stubborn on Non-Renewal of Ukraine Grain Deal
It has been almost two months since Russia terminated the United Nations–approved deal ensuring the safe export of Ukrainian wheat and corn from its Black Sea ports. And following his most recent meeting with Turkish President Recep Tayyip Erdogan on September 4 in Sochi, Russian... MORE
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Turkey Planning to Become Dominant Naval Player in the Caspian
Russia’s Caspian Flotilla has been dominant in the inland sea for so long that many have ignored the fact that, over the past several years, it has ceased to be the only national navy that matters. Outside powers, due to the expansion of their navies,... MORE
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Chinese PSCs in MENA: The Cases of Iraq and (South) Sudan
Executive Summary In the Middle East and North Africa (MENA), China is determined to continue expanding its footprint primarily using economic and business-related tools. Defense and security cooperation, for now, plays a less important role in Beijing`s actions in the region. The activities of Chinese... MORE
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Azerbaijan Bolsters Cooperation With Balkan Countries
On July 6, Albanian President Bayram Begai visited Azerbaijan and engaged in discussions with his Azerbaijani counterpart Ilham Aliyev on bilateral political relations, joint activities in international organizations, trade, economic matters and investment opportunities (Kaspi.az; Report.az, July 8). These talks underlined Baku’s increased attention to... MORE
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Kazakhstan Seeks New Energy Export Routes
Kazakhstan recently expressed concerns about the security of the Russian Port of Novorossiysk, which Astana uses to export most of its oil. Energy Minister Almasadam Satkaliyev said that Kazakhstan will discuss the port’s security following the drone attacks on August 4 that led to the... MORE
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Central Asia Cultivates Increased Attention on International Stage
On July 18 and 19, the Saudi city of Jeddah hosted a historic geopolitical event—the first-ever summit between the leaders of Central Asia and the Arab world. The presidents of the five Central Asian states—Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan—met with the heads of state... MORE
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India Losing Its Steep Discount on Russian Crude Oil
The discount enjoyed by India on Russian crude oil since Moscow’s full-scale invasion of Ukraine in February 2022 has now shrunk from around $30 to $4 per barrel. Yet, while steep discounts have plunged, the Russian-managed shipping rates continue to remain higher than normal. India is... MORE
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Azerbaijan Concerned by India’s Weapons Sales to Armenia
Recent events in the South Caucasus have highlighted an overlooked development in the global weapons market: the rise of India as an arms exporter. Armenia has purchased Indian armaments amid ongoing tensions with Azerbaijan, a close ally of Pakistan and Turkey, procuring a variety of... MORE
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Russia’s Uncertain Aims for Moon Exploration
On August 11, Russia launched its long-delayed Luna-25 mission to the Moon, with the probe aiming to land on the lunar surface in the coming days (TASS, August 11). The main purposes of the Luna-25 launch include the demonstration of Moscow’s technological prowess and landing... MORE