Latest Articles about Economics

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

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

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

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

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

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

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

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

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

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