Latest Articles about Economics
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
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
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
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
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
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
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
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
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
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