Latest Articles about Economics

Russia’s Arctic Crude Exports to China and India Increase

On December 5, 2022, the G7, European Union, Canada, Japan and Australia began implementing a $60 price cap on Russia’s seaborne crude oil exports (see EDM, December 5, 2022), which China and India quickly capitalized on. Additional ceilings on petroleum products are expected later this... MORE

The Russian Far East Is Becoming a Raw Material Colony for Beijing

On December 21, 2022, Russian President Vladimir Putin took part, via videoconference, in the commissioning ceremony for the Kovykta gas field, the largest in Eastern Siberia (Kremlin.ru, December 21, 2022). The field’s recoverable reserves are estimated at 1.8 trillion cubic meters of natural gas, but... MORE

Xi’s Anti-Corruption Campaign: Yunnan Province in Focus

Introduction At the 20th National Congress of the Chinese Communist Party (CCP) last October, General Secretary Xi Jinping lauded the achievements of his anti-corruption campaign, reminding the audience that a total of 207,000 “top leaders” (一把手) at all levels had been investigated by the discipline... MORE

Russo-Indian Economic Ties During Wartime: Oil, Currency and the Arctic

Following the launch Russia’s all-out war of aggression against Ukraine and growing international economic-political isolation, the Kremlin’s contacts with major regional and international powers have shrunk to three primary players: China, India and Turkey. Specifically, current and prospective ties are being cultivated between Moscow and... MORE