Latest Articles about Economics

The West’s Approach to Belarus Pushes Minsk Closer to Moscow
Western policy toward Belarus depends on policymakers’ willingness to scrutinize the facts on the ground. In this regard, two narratives undergirding the West’s approach are at war with one another. Some argue that Belarus has become inseparable from Russia and that there is no need... MORE

Kazakhstan Cautiously Builds Ties With China
After the mass protests of January 2022, Kazakhstan has sought to distinguish itself from the economic and foreign policy failures of the former Nursultan Nazarbayev administration. In September 2023, Kazakhstani President Kassym-Jomart Tokayev shared his vision to ameliorate Kazakhstan’s “dependence on raw materials, low labor productivity,... MORE

Turkey Supports Azerbaijan’s Operation in Karabakh
On September 19, Azerbaijan launched an “anti-terrorist operation” in the Karabakh region against armed separatist forces. The operation followed three years of largely unproductive peace talks between Armenian and Azerbaijan following the Second Karabakh War in 2020 (TASS, September 19; see EDM, September 20). The... MORE

Winter in the Long War Is Coming for Russia
Russia’s strategy for prevailing in the long war with Ukraine does not have a protracted timeline and looks no further than 2024. It is based on three premises: economic performance will keep the war machine going; Western support for Ukraine will erode and contract; and... MORE

China Strengthening Its Position in Northern Russia and the Arctic Sea
Moscow has long declared that China’s role in the development of the Northern Sea Route (NSR) is a central part of their strategic cooperation (see EDM, July 23, 2020; March 28). Despite this, the Kremlin cannot be entirely comfortable with the recent extent of Beijing’s... MORE

Polish-Ukrainian Grain Dispute Explained
On September 15, the European Commission decided not to extend the ban on imports of certain grain exports from Ukraine. The ban was imposed after five European Union member states—Bulgaria, Hungary, Poland, Romania and Slovakia—effectively pressured Brussels to impose it, fearing destabilization of their domestic... MORE

India Expands Maritime Trade Corridors With Russia
Since Russia began its “special military operation” (SVO) against Ukraine in February 2022, its stalled offensive has been accompanied by increasingly punitive Western sanctions. This trend has increased the value of those partners still willing to trade with Moscow. China tops that list, with India... MORE

Transnational Crime on the China-Myanmar Border
On September 6, the United Wa State Party, the political arm of one of the most powerful ethnic resistance armies in Myanmar, handed over 1,207 Chinese online scammers for extradition back to China (Eleven Media Group, September 9; Global Times, September 9). This was the... MORE

Tatarstan Capitalizes on China’s Expanding Role in Middle Volga
Russians have become increasingly accustomed to, if not comfortable with, the expansion of Chinese influence in the Russian Far East, along the Northern Sea Route, and in some of the former Soviet republics of Central Asia and the South Caucasus (see EDM, March 9, May... MORE

Dubious Russian Claims of ‘Doubling’ Arms Production
On September 19, Russian President Vladimir Putin offered comments on the state of Russian defense production at a meeting of Russia’s Military-Industrial Commission in Izhevsk. Putin declared that the production of battle tanks and armored vehicles had doubled from January to August 2023, as compared... MORE