Latest Articles about Economics
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Despite Moscow Meeting, Kazakhstan Pursues More Independent Course
After his re-election, Kazakhstani President Kassym-Jomart Tokayev made his first foreign visit to Moscow on November 28, an action that, up to now, most observers would have seen as a clear expression of loyalty or even subservience to Russia by the head of a post-Soviet... MORE
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Azerbaijan and Georgia Initiate New ‘Great Game’ With Europe
On October 24, Azerbaijani President Ilham Aliyev arrived in Georgia for a one-day working visit. The abrupt nature of Aliyev’s visit was characterized as “strange” and “mysterious” by many experts in Tbilisi (Civil.ge; Netgazeti.ge, October 24). Indeed, the brevity of the visit and its format... MORE
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Russia in Search of New Gas Markets
Since the start of the Russian all-out assault on Ukraine on February 24, Gazprom’s natural gas supplies to Europe have been cut by approximately 80 percent (Bruegel.org, November 22). Such a drastic reduction is primarily due to Moscow’s own decisions aimed at stoking political and... MORE
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Ukraine’s Zaporizhzhia Nuclear Plant: A Case of Russian State Robbery (Part Two)
Read Part One Here. Russia began installing managers and technical staff at Ukraine’s Zaporizhzhia Nuclear Power Plant (ZNPP) soon after seizing the plant by military force on March 4 and well before officially annexing Ukraine’s Zaporizhzhia region to Russia (see Part One). Moscow completed the... MORE
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China’s Economy: More Debt than Meets the Eye
Introduction Since the beginning of this year, investment banks and international financial organizations, including the International Monetary Fund and the World Bank, have steadily downgraded their forecasts for the People’s Republic of China’s (PRC) GDP growth in 2022 to around 3.2 percent (Nikkei Asia, October... MORE
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After Samarkand Summit, the OTS Charts a More Independent Course
On November 11, a summit of the leaders of the Organization of Turkic States (OTS) convened in Samarkand, Uzbekistan (Report.az, November 5). This major gathering came amid the OTS’s re-emerging significance as a key regional organization and a critical platform for rapprochement between the Central... MORE
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Russia’s Defense Industry Growing Increasingly Turbulent
Moscow has actively tried to restore at least part of its arms lost in Ukraine after almost nine months of its bloody war. Publicly, the Kremlin declares that nothing crucially serious is plaguing this re-production and that the domestic defense factories will have no problem... MORE
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Russia Ready to Allow Iranian Ships Access to the Volga River and Volga-Don Canal
By strengthening alternative transit corridors, Moscow hopes to counter tightening Western economic sanctions and transit restrictions adopted in response to Russia’s all-out assault on Ukraine. One of the most important prospects for Russia in this regard is to strengthen shipping and transit cooperation with Iran... MORE
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Downplaying the Fall of Kherson, Moscow Aims to Freeze War
The liberation of Kherson by Ukrainian forces on November 11 was both predictable and surprising. The strategic imperative for withdrawing Russian troops from the indefensible position along the west side of the Dnipro River had been abundantly clear long before the “difficult decision” presented by... MORE
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Russia’s Position in Central Asia Continues to Slip
A major casualty of Russia’s full-scale aggression against Ukraine has been its weakening position and leverage in Central Asia. In truth, this war has plainly demonstrated Moscow’s risky imperial impulses are clearly damaging the region. The most obvious example of the region distancing itself from... MORE