Latest Articles about Economics

Putin’s Much Ado About the BRICS Summit

Executive Summary: The BRICS summit, held in Kazan, was met with great fanfare in Russian propaganda. Propagandists hailed it for its “epochal” significance. Moscow commentators promoted the idea that the BRICS summit demonstrated that Russia is not and cannot be isolated in the international arena.... MORE

Beijing’s Latest Data Security Regulations Create Framework for Broad Domestic and Extraterritorial Supervision

Executive Summary: The State Council-approved “Network Data Security Management Regulations” impose stringent compliance requirements on data processors and platform service providers to safeguard personal information, important data, and cross-border data. The “Regulations” signal continued efforts by the People’s Republic of China (PRC) to assert control... MORE

Kazakhstan Pauses Prospective Application to BRICS

Executive Summary: Just days before the 16th BRICS summit in Kazan, Russia, Kazakhstan announced that it will likely not consider applying to join the group in the foreseeable future, citing the complexity of gaining membership and the bloc’s future prospects. China and Russia, two key... MORE

Russia Hopes to Use ‘World Majority’ Against the West

Executive Summary: The pro-Kremlin Valdai Discussion Club conference on Sino-Russian relations on October 14–15 demonstrated Moscow’s goals of building a new world order together with the so-called “world majority” as a result of Russia’s declining status on the world stage. Even analysts close to the... MORE

Türkiye-Russia Trade Declines Amid Western Sanctions

Executive Summary: Trade between Russia and Türkiye has dropped significantly in 2024 due to Western sanctions, indicating a weakening economic partnership as Russia’s war in Ukraine continues to isolate it from global partners. Ankara is increasingly aligning with Western powers, as evidenced by the postponement... MORE

Stimulus Measures Expose Weakness Since Third Plenum

Executive Summary: Two major developments have followed the Third Plenum in July. First, a series of economic data releases indicated that the plenum had done nothing to improve the country’s short-term outlook. Second, a series of stimulus measures were announced over a two-week period, that... MORE

Azerbaijan Applies for BRICS Membership

Executive Summary: Azerbaijan announced its application for BRICS membership on August 20, which has been backed by Russian leaders and emphasizes Azerbaijan’s goal of strengthening ties with China following the China-Azerbaijan joint strategic partnership declaration in July. The increased importance of the South Caucasus region... MORE