Latest Articles about Economics

Commentary—Can Export Controls Win a New Cold War: A Historical Case Study
EXECUTIVE SUMMARY Export controls played a critical role in helping the West to prevail over the Soviet Union and its allies in the Cold War. The United States now faces a new national security challenge in the People’s Republic of China. After World War II,... MORE

New Trilateral Cooperation for Iran, Armenia and India in the South Caucasus: From ‘Soft Balancing’ to Regional Transit Balance
In April 2023, the first trilateral political consultation between the deputy foreign ministers of Iran, India and Armenia was held in Yerevan (Shargh Daily, April 21). The three countries focused primarily on “economic issues and regional communication channels,” and “the sides agreed to continue consultations... MORE

EU Set to Green-Light Suspension of Import Duties for Ukrainian Grain Exports
On May 25, the Council of the European Union ultimately renewed the temporary agreement for the bloc’s trade liberalization with Ukraine for another year (Consilium.europa.eu, May 25). The decision, which came into force on June 6, was not, however, easy to achieve as the EU’s... MORE

Kakhovka Dam Destruction: Russia’s Ecocide and Economic War Against Ukraine (Part One)
On June 6, a humanitarian and ecological disaster was triggered when the Kakhovka Hydroelectric Power Plant (HPP) in Ukraine was destroyed—most likely the work of Russian forces in the area (New Voice of Ukraine, June 6). Ukrainian hydropower operator Ukrhydroenergo reported that, as of June 8,... MORE

Russia Stays on the Course of Economic Delusion and Military Attrition
The summer economic forum in St. Petersburg used to be a vanity fair of Russian opulence and corruption. But last week's modest, if not frugal, event was rather an exercise in self-reassurance of sustainable stagnation. The international profile of the event was seriously curtailed, and... MORE

Tajikistan Aims to Revitalize Transportation Corridor to Europe
Turkmenistan and Tajikistan plan to collaborate on creating a new transport corridor that will allow both countries to access Europe via the Caspian Sea. On May 10, in Dushanbe, with the participation of both heads of state, Emomali Rahmon and Serdar Berdimuhamedov, 24 new documents on... MORE

A New ‘Georgian Dream?’: Tbilisi Moves for Economic Gains Over Security Guarantees
On June 5, Georgia announced plans to build a second civilian airport near Tbilisi. During a recent government meeting, Prime Minister Irakli Garibashvili reiterated this decision and justified it with the government’s intentions to turn the country into an international air transport hub (Facebook.com/GaribashviliOfficial, June... MORE

Moscow Seeks to Use Ammonia Pipeline Blast to Pressure West on Ukraine
Moscow and Kyiv have been trading barbs over who is to blame for the explosion on the Togliatti-Odesa ammonia pipeline on June 5, with the Russian side saying it was the work of Ukrainian “terrorists” and the Ukrainian side saying that it was the result... MORE

Russia Planning Year-Round Navigation of Northern Sea Route in Early 2024
Western sanctions and changes in climate are impelling Moscow to realize a dream dating back three centuries to the time of Tsar Peter the Great—an all-water route from the Barents Sea to the Pacific through Russia’s coastal Arctic waters. During a Kremlin video conference on... MORE

Growing Russian-Iranian Partnership Along the North-South Corridor
In a recent development, on May 17, Russia and Iran officially signed an agreement for the construction of the Rasht-Astara railway (Kremlin.ru, May 17). This railway project holds immense significance as it addresses a key missing link in the International North-South Transport Corridor (INSTC). The... MORE