Latest Articles about Economics

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

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

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

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