Latest Articles about Economics
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Putin Has Unsheathed His Energy Weapon Too Early—and Too Late
In early September 2022, Russian President Vladimir Putin spelled out his intention to punish Europe for resisting Russia’s assault on the world order and supporting Ukraine louder and clearer than ever before. Speaking at the high session of an economic forum in Vladivostok, Russia, Putin... MORE
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Will the Xi Jinping Leadership Take Up Reformist Policies After the 20th Party Congress?
That President Xi Jinping and his faction will dominate the 20th Party Congress is apparent from the Politburo announcement that the week-long, five-yearly conclave will take place on October 16. The Politburo meeting, which was held on August 30, said that the guiding principle of... MORE
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Russian ‘Referendums’ Delayed, Ukrainian Resistance Mounting in Occupied Kherson and Zaporizhzhia (Part One)
As anticipated well ahead of the curve (see EDM, July 21, 22), Russia has missed the September 11 target date for staging annexation “referendums” in Ukraine’s occupied Kherson and Zaporizhzhia oblasts. Moscow and the local authorities it installed in both regions waited until early September... MORE
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Organization of Turkic State’s Increasing Role in Stabilizing Eurasia
On November 12, 2021, at the eighth (and final) summit of the Turkic Council in Istanbul, Turkey, the group’s name was changed to the Organization of Turkic States (OTS) and Turkmenistan was admitted as an observer state (Turkkon.org, accessed July 20). Simultaneously, the document “View... MORE
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Gosplan 2.0: Is Russia Taking Another Step Toward a Planned Economy?
On July 15, speaking during a session of the Russian State Duma, Deputy Prime Minister Denis Manturov elaborated on the need to take a turn “from absolutist market-type industrial policy toward a policy aimed at securing [Russia`s] industrial sovereignty.” In his speech, Manturov said that... MORE
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Putin’s Choices in Ukraine: Retreat, Attrition or Escalation
The long-promised Ukrainian counteroffensive in the south has not yet delivered any breakthrough, but it still signifies a critical turning point for the war: Russia cannot hope to win by sticking to the pattern of trench warfare and artillery duels. Some “patriotic” commentators have suggested... MORE
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Türkiye’s Heterodox Economic Policy Requires More Foreign Financing
In less than a year, parliamentary and presidential elections will be held in Türkiye. Nevertheless, this time the odds will be quite different for the ruling Justice and Development Party. Current economic indicators do not favor Recep Tayyip Erdogan’s government due to skyrocketing inflation and... MORE
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NATO and EU Strive for Peace Amid Simmering Balkan Tensions
The presidents of Serbia and Kosovo, Aleksandar Vučić and Albin Kurti, respectively, failed to reach an agreement on August 18 during bilateral talks hosted by the European Union in Brussels. The negotiations specifically concerned vehicle license plates and travel documents. After the meeting, EU High... MORE
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Ukrainian Strikes Cause Moscow to Re-Think Munitions Supply and Logistics (Part Two)
*To read Part One, please click here. As reports come in of massive explosions at an ammunition depot in Crimea, the prospects for effectively increasing ammunition production in Russia are unclear (Meduza, August 16). Overall, the costs of replenishing ammunition at the current rate of... MORE
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Wagner PMC Recruits Russian Criminals and Convicts for War in Ukraine
On August 14, the Ukrainian town of Popasna (Luhansk Oblast) was hit by US-produced and Ukraine-operated M142 HIMARS complexes, reportedly causing severe damage to the locally headquartered private military company (PMC), the Wagner Group (Mil.in.ua, August 14). As a result of the attack, more than... MORE