Latest Articles about Economics

Russia Now Forced to Look East of Caucasus to Reach Iran

Russian officials and international media have given prominent coverage to Moscow’s plans for a transcontinental trade corridor southward to Iran via the Caucasus. These efforts aim to end-run Western sanctions and expand Russian trade in the Indian Ocean basin and beyond. But Russian experts concede... MORE

Kazakhstan’s Expanding Multi-Vector Foreign Policy

Recently, Kazakhstani Energy Minister Bolat Akchulakov declared that, while his country maintains close ties with Russia and Uzbekistan on gas transit, no formal discussions have been held regarding the possible formation of a gas union, the trilateral initiative suggested by Russian President Vladimir Putin (Radio... MORE

Perils of ‘Water Wars’ in Central Asia

On November 3, Uzbekistani Foreign Minister Vladimir Norov and his Kyrgyzstani counterpart Jeenbek Kulubaev signed a bilateral deal in Bishkek, under which Kyrgyzstan agreed to cede to Tashkent the territory surrounding the Kempir-Abad Reservoir, covering 4,485 hectares, in exchange for over 19,000 hectares elsewhere (Radio... MORE

Russia Struggles to Maintain Munition Stocks (Part One)

In the ninth month of Russia’s war against Ukraine, it is becoming increasingly obvious that the Russian army is being gradually overtaken by “shell hunger.” This should be expected based on earlier analyses made in August 2022 (see EDM, August 16, 18) and has been... MORE

Russian Energy Policy Wriggles Under a Hard Ceiling

The enforcement of the price ceiling for Russian oil transported by sea enacted on December 5 is not a surprise, as this measure was being discussed by the Unites States and its key partners as early as September 2022. It is, nevertheless, important proof of... MORE