Latest Articles about Economics
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
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
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
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
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
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
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
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
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
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