Latest Articles about Economics
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Russia’s Space Program in Wartime and Beyond
The Kremlin’s full-scale aggression against Ukraine, launched on February 24, became a game changer for the Russian space program. Western sanctions, adopted in response to the war, have thrown Russia’s space industry into turmoil: previous rounds of sanctions were painful, but they only limited Russia’s... MORE
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Shifting Maps of Euro-Asian Economic Relations: The Untouched Potential of the South Caucasus and Central Asia
The roles of the Central Asian and the South Caucasus regions in facilitating economic relations between the European Union and East Asia—particularly in the fields of energy, trade, and transportation—have been growing in importance over the last few months (Report.az, April 6). Amidst the current... MORE
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Moscow Turns Residents of the Regions Into ‘Cannon Fodder’
By the time news of the Russian re-invasion of Ukraine became known in Moscow in the early morning of February 24, 2022, it was already afternoon in Siberia and the Urals. Residents of cities such as Irkutsk, Omsk and Yekaterinburg were the first to take... MORE
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The Economic Aspect of Russia’s War in Ukraine: Sanctions, Implications, Complications (Part Two)
*To read Part One, please click here. After Russia’s President Vladimir Putin launched a full-scale invasion of Ukraine on February 24 (Kremlin.ru, February 24), the Western economies introduce several rounds of increasingly harsh economic sanctions against the Russian Federation (Meduza, March 8). So far, Russia’s non-renewable... MORE
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Middle Corridor: Potential Alternative to Russian Railways?
The Russo-Ukrainian war has cast doubt on the sustainability of the Chinese Belt and Road Initiative’s (BRI) “Northern Corridor” because of mounting Western sanctions on this overland route’s key links—Russia and Belarus (see EDM, April 8, 18). The growing vulnerability of the Northern Corridor, which... MORE
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With Russian Route Blocked, Uzbekistan Looks to Indian-Iranian-Afghan Chabahar Port Project
The Russo-Ukraine war, the extensive Western sanctions against Russia, and the growing possibility that European border states will block east-west transit corridors traversing Russian territory into Europe are having far-reaching implications for the landlocked countries of Central Asia, which have historically relied on road and... MORE
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Returning Veterans of Putin’s War in Ukraine Pose Serious Threat to Russia’s Future
When veterans of the Soviet war in Afghanistan—the so-called “Afgantsy”—and veterans of the two Russian campaigns in Chechnya returned to their homes, many had a difficult time fitting back into a peaceful life. Some used the military skills they had acquired to engage in various... MORE
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The Economic Aspect of Russia’s War in Ukraine: Sanctions, Implications, Complications (Part One)
Russia’s full-scale war of aggression against Ukraine, which commenced on February 24 (Kremlin.ru, February 24), pushed the world’s largest advanced economies to introduce several rounds of increasing economic sanctions against the Russian Federation (Meduza, March 8). While the initial impact of those punitive measures seemed... MORE
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Russia’s Quick Victory Vanishes, as Protracted War Looks Inevitable
Russia has revised its war plan multiple times during the, so far, seven-week-long, ill-conceived large-scale invasion of Ukraine, yet it still remains incompatible with both tactical imperatives and political ambitions. The consecutive revisions themselves have been flawed in different ways: if the initial “Blitzkrieg” design... MORE
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Strange Days in Shanghai
Over the past two years, deserted cityscapes have become a distressingly common sight, but the images of totally empty thoroughfares in the usually pulsating city of Shanghai are striking (The Paper, April 2). By late March, government authorities reported that Shanghai had recorded 30,000 COVID-19... MORE