Latest Articles about Economics
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
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
NATO’s New Strategic Concept Gives Short Shrift to Eastern Neighborhood
The North Atlantic Treaty Organization’s (NATO) new Strategic Concept, approved at the summit just held in Madrid, strongly emphasizes Russia’s multidimensional threats to the Alliance. By way of response, the Concept singles out the task of deterrence and defense from among the Alliance’s core tasks... MORE
Spitzbergen: A New Hotspot in the Cold North Between Russia and the West
Spitzbergen, the largest and only continually inhabited island of the Svalbard Archipelago, located in the Arctic Ocean, 1,000 kilometers north of Norway, is on its way to becoming a new hotspot in the emerging cold war between the Russian Federation and the West (Nrk.no, June... MORE
Challenges to Russian Arms Resupply: Tanks, Combat Aviation, Artillery Ammunition
After more than four months of Russia’s aggression against Ukraine, open-source data confirms that the Russian Armed Forces lost, at a minimum, over 830 tanks and 1,650 different types of armored vehicles (destroyed, damaged, abandoned or captured) as well as dozens of combat aircraft and... MORE
War in Ukraine Transforms Russia’s Hydrogen Strategy Into Illusion
The Kremlin’s unprovoked war of aggression against Ukraine and ensuing international economic sanctions targeting the Russian Federation have already damaged Russia’s non-renewable energy export capabilities, hitting both the oil and natural gas sectors (The Moscow Times—Russian service, June 28). Now, those economic measures are taking... MORE
Tashkent Cracks Down Hard on Massive Protests in Karakalpakstan
At the end of June, Uzbekistan’s central government published the draft of a new constitution that would strip the autonomous Republic of Karakalpakstan of the right to secede, which heretofore had been guaranteed in the existing basic law. As a result, on July 1, thousands... MORE
Seeking to Crack Western Unity, Putin Sinks Russian Economy
On the Donbas battlefields, Russian troops still strive to advance, but in the global arena of confrontation with the collective West, Russia keeps losing ground. A sequence of heavy blows breached Russian defensive geopolitical positions last week, and Moscow’s attempts at counterstrikes only aggravated the... MORE
No Choice but to Lie Flat: Youth Unemployment Surges in China
Pity the class of 2022. The job market in China has long been a gauntlet for college graduates as the country’s largely industrial economy does not generate sufficient opportunities in the knowledge industries to satisfy the career aspirations of its growing number of college graduates.... MORE
Divergent Economic and Ideological Visions Contend Ahead of 20th Party Congress
Introduction As the Chinese Communist Party (CCP) approaches its 20th National Congress, the economic downturn in China has opened a Pandora’s Box of theoretical debates on how to manage this crisis. Premier Li Keqiang recently suggested that the nation’s economic performance has been weak and... MORE