Latest Articles about Economics
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Kazakhstan Seeks to Attract Western Companies Leaving Russia, Infuriating Moscow
The Kremlin had expected its relationship to improve with Kazakhstan following Russia’s intervention to support Kazakhstani President Kassym-Jomart Tokayev’s government against violent rioters early this year. Instead, since then, relations have deteriorated seriously due to Nur-Sultan’s refusal to support Moscow’s policies in Ukraine (see EDM,... MORE
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Economic Woes Worsen as Support for Xi Jinping’s Leadership Begins to Falter
The relentless cascade of bad economic news in China has not only cast doubt on the governance ability of the Xi Jinping leadership, but has also called into question the long-term viability of the Chinese economic model, which stresses maintaining party-state control of the market... MORE
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First Trilateral Meeting of the Ministers of Türkiye, Azerbaijan and Kazakhstan
On June 27, Baku, Azerbaijan, hosted the first trilateral meeting of the ministers of foreign affairs and transport of Türkiye, Azerbaijan and Kazakhstan (News.az, June 27). The ministers paid special attention to issues of regional cooperation and the development potential of the Middle Corridor (Trans-Caspian... MORE
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Russia Cherishes Ambitions but Loses Positions in Middle East
The Ukraine war has generated shockwaves far beyond the Donbas battlefields, and the Middle East has absorbed and returned the variegated impacts and, as a result, has attracted increased attention in recent weeks. Russian President Vladimir Putin is due to visit Tehran, Iran, on July... MORE
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Iran to Clear $1.8 Billion Gas Debt to Turkmenistan, Reopen Korpeje–Kurtkui Pipeline
Iranian President Ebrahim Raisi met with the new leader of neighboring Turkmenistan, President Serdar Berdymukhammedov, for the first time on June 15, at the 6th summit of the Caspian Sea littoral states, in Ashgabat. As a consequence of their talks, the pair agreed to sign... MORE
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Moscow Turns to Regions to Replace Losses and Boost Forces in Ukraine
Faced with mounting combat losses in Ukraine and Russian President Vladimir Putin’s threat to expand the size of Russian forces there, the absence of a general mobilization plan undermines the Kremlin leader’s claims and could trigger more domestic opposition (Meduza, May 5). As such, Moscow... MORE
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The Rise of Multimodal Transportation Among Russia, Iran and India
As the Ukraine war has entered its fifth month, and two decades after Iran, Russia and India signed the International North-South Transport Corridor (INSTC) in 2002, Dariush Jamali, head of the Iranian-Russian Port of Solyanka in Astrakhan Oblast, announced that the first transit shipment from... MORE
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Russia Pushes for Economic Mobilization Amid War and Sanctions
While Western economic sanctions are aggravating Russia`s business climate and leading toward its largest economic crisis since 1991, Russia is hoping to cope with the impending crisis by replacing vestiges of its market economy with command-style administrative regulations and a planned economy (Vedomosti.ru, July 3).... MORE
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Kremlin Faces Problems Having Russian Regions Integrate Ukraine and Belarus
Given how centralized the Soviet Union was and President Vladimir Putin’s Russia is today, the role regions within the Russian Federation have played in promoting Kremlin policies in neighboring countries is often overlooked. But in Soviet times, Moscow regularly employed regions and republics along the... MORE
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Despite Return of Nord Stream One Turbines, Europe Still Fears Winter Gas Shortages
On July 9, Canadian Minister of Natural Resources Jonathan Wilkinson announced that his country will return confiscated Nord Stream One turbines to Germany, providing Siemens with a temporary exemption from the existing sanctions regulations (La Presse, July 9). The equipment was seized by Canadian authorities,... MORE