Latest Articles about Economics
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Russia’s Demographic Collapse Is Accelerating
Most countries are slowly recovering from the disastrous demographic consequences of the COVID-19 pandemic, but Russia is not. Instead, as new data shows, the Russian Federation has resumed its long-term demographic decline (see EDM, September 13, 2016), a trend likely to intensify and profoundly affect... MORE
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A Dilemma for US Peace Initiatives Between Armenia and Azerbaijan
In the period between the announcement of Washington’s “reset” policy toward Russia following the Kremlin’s invasion of Georgia in 2008 and its re-invasion of Ukraine in February 2022, the United States’ engagement with the South Caucasus was limited. During this time, US policies on the... MORE
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Uzbekistan Grapples With the Specter of Anti-Western Tropes in SCO
On July 28–29, Tashkent hosted the Shanghai Cooperation Organization’s (SCO) Council of Foreign Ministers. This was the final rehearsal before the SCO summit scheduled to take place later this year in Uzbekistan’s historic city of Samarkand on September 15–16. The foreign ministers of all member... MORE
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Ukrainian Strikes Cause Moscow to Re-Think Munitions Supply and Logistics (Part One)
Since 2014–2015, Russia has built dozens of ammunition depots hidden in civilian buildings near railway stations in the occupied parts of Ukraine. Russian logistics warehouses are almost always located near railways, since the Russian military has been experiencing a serious shortage of logistics units, especially... MORE
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New Russian Naval Doctrine Assigns Expanded Role to Caspian Flotilla
When President Vladimir Putin signed Russia’s new naval doctrine on July 31, most commentators, both in Moscow and abroad, focused on his ambitious plans for Russia’s blue water navy and especially its expansion into the Arctic. One aspect of the new doctrine, however—its elevation of... MORE
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Putin’s Next Miscalculation: Russia’s Readiness for a Long War
As Russian aggression against Ukraine approaches the half-year mark and combat operations appear to be at a standstill, a new calculus has been developed in the Kremlin: A long war suits Moscow’s interests and can eventually be won. This self-serving proposition follows the failure of... MORE
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The 20th Party Congress: Xi Set to Score Big in Composition of Next Leadership Corps
Introduction Despite the resentment among many top cadres against the personality cult that has been relentlessly built up around President and commander-in-chief Xi Jinping, the Machiavellian infighter is expected to remain on top when seats for the Politburo and other top-level leadership bodies are unveiled... MORE
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With an Eye on Tibet, China Reacts Warily to Warming U.S.-Nepal Ties
Introduction U.S. Under Secretary of State for Civilian Security, Democracy, and Human Rights Uzra Zeya’s three-day visit to Nepal in May evoked a strong reaction from China. During the visit, Zeya, who is also President Joseph Biden’s Special Coordinator for Tibetan Issues, met with an... MORE
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Russia’s Ferrous Metallurgy Industry Faces First Impacts of Economic Sanctions
On July 20, speaking at the annual assembly of manufacturers and entrepreneurs in Lipetsk Oblast, Vladimir Lisin, chairman of Novolipetsk Steel (NLMK)—first among Russia`s four steel-producing giants and one of the largest steel-producing companies in the world—remarked that the Russian ferrous metallurgy industry in general... MORE
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Belarus’s Economic Downturn
In mid-July 2022, Moody’s and Fitch—two of the three international credit rating agencies—declared that Belarus is in technical default on its debt. Government economists consider this qualification politically prejudiced (Sputnik, July 13). However, a technical default is only a deficiency in a loan agreement that... MORE