Latest Articles about Economics
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Azerbaijan and European Union Ink Deal on Strategic Partnership in Energy
On July 18, the European Commission signed the new Memorandum of Understanding on a Strategic Partnership in the Field of Energy with Azerbaijan to increase imports of Azerbaijani natural gas to Europe by at least 20 billion cubic meters (bcm) annually by 2027 (Ec.europa.eu, July 18). “Today... MORE
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Optimization Efforts to Improve Transit Through the Critical Middle Corridor
The Russian-Ukrainian war and Western sanctions against Moscow have limited the effectiveness of Russia as a transit country, especially in land-based trade relations between the European Union and China. In this context, the Middle Corridor (Trans-Caspian International Transport Route) has attracted increased attention from companies... MORE
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The Real U.S.-China 5G Contest is Just Getting Started
Introduction On June 6, China declared the three-year anniversary of its business deployment of 5G, with the country having invested nearly 185 billion yuan in related infrastructure in 2021 alone (Xinhua Baoye, June 5). However, China’s 5G ambitions, which continue to form a substantial component... MORE
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Regulations or Restrictions: China’s Foreign Exchange Control
Introduction On June 10, the China Securities Regulatory Commission (CSRC) released a ministerial order to amend the Several Provisions on the Interconnection Mechanism for Transactions in the Mainland and Hong Kong Stock Markets (hereinafter referred to as “Provisions”), six months after its announcement requesting public... MORE
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Export of Ukrainian Grain Through Seaports: Opportunities and Risks
On July 22, Ukrainian representatives signed the Initiative on Safe Transportation of Grain and Food Products from Ukrainian Ports with Turkey and the United Nations secretary-general in Istanbul (Pravda.com.ua, July 22). Ukraine's agreement was concluded with Ankara and the UN, but not with Moscow, and... MORE
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Aliyev’s Visit to Uzbekistan: Expanding Connectivity Between Caucasus and Central Asia
On June 21, Azerbaijani President Ilham Aliyev paid a two-day official visit to Uzbekistan, where he met with his counterpart, Uzbekistani President Shavkat Mirziyoyev. Almost 20 documents, including a declaration on deepening strategic partnership and expanding comprehensive cooperation, were signed by the two delegations during... MORE
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Iran’s Position on Caspian Seriously Impedes Moscow’s Plans to End Sanctions
In the run-up to the June 2022 Caspian Summit in Ashgabat, Turkmenistan, Moscow had expected that Tehran, animated by the same anti-Western attitudes as Russia, would cooperate closely in the opening of a north-south transportation route between Russia and the Indian Ocean. This plan would... MORE
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The Bystre Canal Across the Danube: ‘Mosquito’ Tactics in Ukraine’s Grain Shipping
On July 9, the Ukrainian Sea Ports Authority announced the opening of the Bystre Canal on the mouth of the Danube River for the entry and exit of vessels transporting Ukrainian agricultural products (Uspa.gov.ua, July 9). “Bystre was blocked by vessels of the Ukrainian Danube... MORE
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Putin’s Fifth Visit to Tehran: Renewing and Bolstering Russian-Iranian Relations
Russian President Vladimir Putin participated in the seventh summit of the heads of states in the Astana Peace Process for Syria in Tehran, Iran, on July 19, 2022. This marked Putin’s first trip outside the post-Soviet bloc since Russia’s military attack on Ukraine, and it... MORE
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Will Western Sanctions Drown Russia’s Gold Industry?
On July 14, both Western (Euractiv.com, July 13) and Russian (Rbc.ru, July 14) sources reported that the European Union’s seventh sanctions package will put an embargo on Russian gold imports. If this happens, the EU will join the United States, the United Kingdom, Canada and... MORE