Latest Articles about Economics
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Xi’s Mismanagement Fuels Political Scandals and Exacerbates Economic Woes
Introduction After emerging as China’s “leader for life” and filling top party organs such as the Chinese Communist Party (CCP) Central Committee and the Politburo with members of his own faction, paramount leader Xi Jinping has been relentlessly buffeted by what he refers to as... MORE
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During Past 15 Months, Russians Register Over 21,000 Enterprises in Georgia
On July 25, influential nongovernmental organization (NGO) Transparency International published a new report on Russian citizens’ recent activities in Georgia. According to the document, since February 24, 2022, after the start of Russia’s full-scale invasion of Ukraine, Russian citizens have registered 21,326 enterprises of various... MORE
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Moscow Shifting Focus to Sea Lanes Rather Than Railways for North-South Corridor
When Moscow announced plans in 2000 for the creation of a north-south trade corridor, its initial goal was to bypass the Suez Canal; however, recently, this passage has been used primarily to evade Western sanctions (Realtribune.ru, November 30, 2022). The Russian authorities have focused on... MORE
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Russian Arms Production Q2 2023
According to recent leaks, Russian national defense spending surpassed 5.59 trillion rubles (more than $72.2 billion) for the first six months of 2023. The overall annual budget for the year was originally planned for 5.1 trillion rubles, or $74.7 billion according to the estimated exchange... MORE
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China in Latin America and the Caribbean: Assessing Prospects for Chinese PSCs
Executive Summary Latin America and the Caribbean (LAC) constitute a rather important, yet relatively new, area for Chinese interests. Beijing’s strategy in dealing with countries that comprise the macro-region (South and Central America) is primarily driven by economic and business interests, as well as trade... MORE
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Demystifying ‘De-Risking’: Can the PRC Sell to Countries and Coerce Them at the Same Time?
Introduction With the rapid growth of its economic and diplomatic power, the People’s Republic of China (PRC) has cultivated diverse new connections with the societies of other states. These connections, most often deriving from economic activity, have given the PRC methods to influence the political... MORE
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Turkey’s Pivot West Disrupts Relations With Russia
On July 9, Turkey freed the commanders of the well-known Ukrainian Azov regiment after months of hosting them as a part of a deal with Russia (Ukrinform, July 31). The fighters surrendered to Russian forces after weeks of brutal siege and resistance at the Azovstal... MORE
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Changing the Tune on Western Sanctions Against Belarus
A new, seventh package of European sanctions is about to be imposed on Belarus. And by the end of the week, its full details will be published. What is known at this point is that the package will include restrictions on the supply of military... MORE
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Turkey’s Ambitious Bid to Diversify Natural Gas Sources and Reduce Dependency on Russia
Ankara’s recent announcement in June 2023 on reducing Turkey’s heavy dependence on Russian gas has sent shockwaves through regional energy sectors. Berris Ekinci, acting general director of the Turkish Foreign Ministry’s Energy Department, made this groundbreaking statement during an energy security conference held in Washington.... MORE
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Regional Ties Deepening Between Central Asia and South Caucasus
On June 23, Kazakhstan, Azerbaijan and Georgia established a joint logistics company to improve cargo transportation between Central Asia and the South Caucasus in both directions (Bm.ge, June 23). More recently, on July 17, Uzbekistan Prime Minister Abdulla Aripov paid a visit to Georgia where... MORE