Latest Articles about Economics
Missile Defense in South Korea: Will President Yoon Heed China’s Concerns?
Introduction Earlier this week, some residents of Seoul, South Korea, received an emergency alert to prepare for a potential evacuation following military reports that North Korea had fired a projectile southward (Yonhap, May 31). The alerts, which stemmed from an errant North Korean satellite launch... MORE
Relations Between Kyrgyzstan and Russia Wax and Wane
On May 7–9, Kyrgyzstani President Sadyr Japarov paid an official visit to Russia. During the visit, besides meeting with Russian President Vladimir Putin, Japarov also sat down with Prime Minister Mikhail Mishustin and Vyacheslav Volodin, chairman of the Russian State Duma. Later, Volodin accompanied the... MORE
Kazakhstan’s Uranium Exacerbating Geopolitical Conflict in Eurasia
Kazakhstan is the largest producer and exporter of uranium globally, mining and exporting more than 40 percent of the world’s supply. Up to now, it has been the major supplier for Russia and before that the Soviet Union. But today, other countries are becoming involved,... MORE
Armenia’s Role in Helping Russia Circumvent Sanctions
On April 12, the United States Treasury Department’s Office of Foreign Assets Control (OFAC) placed more than 100 people and entities across over 20 countries on its sanctions list due to violations of US export controls in helping Russia with its war effort (Treasury.gov, April... MORE
Greenland Set to Become Cockpit of Controversy Between East and West
Over the past several years, Moscow has been remarkably successful in convincing the Faroe Islands and Greenland, two Danish dependencies, to adopt different and less hostile policies toward Russia than North Atlantic Treaty Organization (NATO) member Denmark. Now, some in the Russian capital fear that... MORE
Uzbekistan to Receive Russian Gas via Renovated Soviet-Era Pipeline
On April 27, at the Tashkent Investment Forum, Uzbekistani Energy Minister Jurabek Mirzamakhmudov announced that Russia would begin supplying his country with natural gas via its Soviet-era pipelines (TASS, April 28; The Diplomat, May 9). In truth, Moscow is on the hunt for new customers... MORE
China Makes Its Move in Central Asia
At the recent China–Central Asia summit on May 18 and 19, Beijing presented a comprehensive plan for expanding cooperation with the Central Asian states that would usurp Russia’s position in the region (Newscentralasia.net, May 20). The convening of this summit underlined the fact that, at... MORE
Party Ties: Vietnam, Cuba and China’s Relations with Other Marxist-Leninist States
Last month, on the 15th anniversary of the establishment of the China-Vietnam comprehensive strategic cooperative partnership (中越全面战略合作伙伴关系), Chinese Communist Party (CCP) General Secretary Xi Jinping met with Vietnamese Communist Party (VCP) Politburo Member and Head of the Central Committee Organization Commission Truong Thi Mai and... MORE
Serving the Real Economy: From De-dollarization to RMB Internationalization?
Introduction In March, the yuan became the most widely used currency by China in cross-border payments, surpassing the U.S. dollar for the first time (Guancha, April 27). This rising usage of China’s currency has coincided with the government’s renewed push for “Renminbi (RMB) internationalization” (人民币国际化).... MORE
Can the Belt and Road Initiative Succeed in Afghanistan?
Introduction At a trilateral meeting in Islamabad on May 9, the foreign ministers of China, Pakistan and Afghanistan agreed to extend the China-Pakistan Economic Corridor (CPEC) into Afghanistan and reaffirmed their support for multilateral infrastructure projects already underway, including the Central Asia-South Asia (CASA) power... MORE