Latest Articles about Economics

Moscow’s Anti-Migrant Campaign Accelerating Formation of Ethnic Ghettos in Russia
Executive Summary: Russia is now facing a problem that did not exist in Soviet times and one that in the years since 1991, Moscow has denied exists now: the appearance in Moscow and other major cities of ethnic ghettos consisting of members of Central Asian... MORE

Russia Hopes to Use ‘World Majority’ Against the West
Executive Summary: The pro-Kremlin Valdai Discussion Club conference on Sino-Russian relations on October 14–15 demonstrated Moscow’s goals of building a new world order together with the so-called “world majority” as a result of Russia’s declining status on the world stage. Even analysts close to the... MORE

Türkiye-Russia Trade Declines Amid Western Sanctions
Executive Summary: Trade between Russia and Türkiye has dropped significantly in 2024 due to Western sanctions, indicating a weakening economic partnership as Russia’s war in Ukraine continues to isolate it from global partners. Ankara is increasingly aligning with Western powers, as evidenced by the postponement... MORE

Stimulus Measures Expose Weakness Since Third Plenum
Executive Summary: Two major developments have followed the Third Plenum in July. First, a series of economic data releases indicated that the plenum had done nothing to improve the country’s short-term outlook. Second, a series of stimulus measures were announced over a two-week period, that... MORE

Cyprus: Hub for Russian Influence, Money Laundering, and Sanctions Evasion
Executive Summary: Cyprus has been deeply influenced by Russian interests over the past 30 years, becoming a hub for Russian oligarchs and the country’s financial sector to launder money and avoid Western sanctions. While the European Union has imposed restrictions on Cyprus, the island’s division... MORE

Azerbaijan Applies for BRICS Membership
Executive Summary: Azerbaijan announced its application for BRICS membership on August 20, which has been backed by Russian leaders and emphasizes Azerbaijan’s goal of strengthening ties with China following the China-Azerbaijan joint strategic partnership declaration in July. The increased importance of the South Caucasus region... MORE

Beijing’s Stimulus Package Comes Amid Growing Challenges
Executive Summary: In a departure from the long-term economic program announced at the Third Plenum in July, the Party leadership used an unusual politburo meeting in September to acknowledge “new situations and challenges” in the economy, unveiling its most significant stimulus package in recent years.... MORE

Xi Jinping’s Quantitative Easing Unlikely to Save Economy
Executive Summary: In an apparent U-turn, the People’s Republic of China (PRC) has initiated stimulus policies that have boosted the stock market and are attempting to jump-start key sectors and meet the annual GDP growth target of 5 percent. In the last week of September,... MORE

Ukraine Leads World in Drone Innovation and Production
Executive Summary: Russia’s war in Ukraine has become the world’s first drone, digital, and cyber war, and resilience, innovation, adaptation, and quick learning has allowed Ukraine to keep one step ahead of Russia. Ukraine is fighting a people’s war, and its military-industrial complex has significantly... MORE

PRC Fertilizer Export Controls Provoke Derisking Abroad
Executive Summary: In June 2024, the People’s Republic of China (PRC) introduced additional restrictions on fertilizer exports, sharply reducing urea exports by 83 percent compared to the previous year. This move aims to stabilize domestic prices and safeguard food security, but has disrupted global fertilizer... MORE