Latest Articles about Economics
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
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
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
Hollow Words and Apparent Setbacks at the Russia-Africa Summit
Concerted diplomatic efforts were invested during preparations for the Russia-Africa Summit in St. Petersburg, formally held on July 27 and 28, and President Vladimir Putin was grandstanding, networking and entertaining his guests non-stop from Wednesday afternoon to Saturday evening. His main intention was to demonstrate... MORE
Ukrainian Trade Blockade: Foretaste of Russian Hegemony in the Black Sea (Part One)
On July 17, Russia unilaterally suspended the implementation of the Black Sea Grain Initiative (“grain deal”), the year-old arrangement that has allowed Ukraine to export grain—albeit under Russian-imposed conditions—from the three ports in and near Odesa. The Kremlin and its navy had (until now) only... MORE
Xi Shifts Blame as Chinese Economy Continues to Falter
Introduction In December of last year, China’s central government lifted its stringent “zero-COVID” restrictions, signaling to the public it shifted its principal policy objective from pandemic prevention measures to jump-starting China’s flagging economy (Japan Times, April 16). In the first quarter of 2023, the country... MORE
Illegal Fishing in Southeast Asia: Scope, Dimensions, Impacts, and Multilateral Response
Introduction Illegal, unreported, and unregulated fishing (IUUF) has surfaced as an increasingly salient offshore threat in Southeast Asia that is leading to huge losses in government revenue, adversely impacting food security, contributing to widespread environmental damage, destabilizing inter-state relations, and spurring other transnational crimes. It... MORE
NATO’s 2023 Summit: Modest Expectations, Modest Results (Part Three)
*Read Part One. *Read Part Two. The North Atlantic Treaty Organization (NATO) has conclusively won the Baltic Sea; however, it risks losing the Black Sea in terms of naval posturing and discretionary air access. NATO’s summit, on July 11 and 12 in Vilnius, marked the... MORE
Is Chechnya’s Strongman Poised to Capitalize on Prigozhin’s Downfall?
Reading into Russian President Vladimir Putin’s actions in the aftermath of Yevgeny Prigozhin’s mutiny is comparable to entering a baffling alternate universe where messages are sent with symbols, cues and nonverbal communication (Medialeaks.ru; T.me/strelkovii, June 29). Take, for example, the Russian president’s first post-coup visit, which... MORE
Revitalization of the Lapis Lazuli Corridor: From Afghanistan to Europe
During a regional conference held in Ashgabat, Turkmenistan, in May 2023, President Serdar Berdimuhamedov underscored the paramount importance of the Lapis Lazuli international transit corridor. He emphasized how further development of this landmark project would revolutionize the regional transportation system, propelling it to new heights... MORE