Latest Articles about Economics
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Russian Migration to Georgia Grows Amidst Putin’s Aggressive War Against Ukraine
In a press briefing on March 11, Georgian Interior Minister Vakhtang Gomelauri revealed that approximately 25,000–30,000 Russian citizens had arrived and stayed in Georgia following Russia’s launch of full-scale military aggression against Ukraine (Kommersant, March 11). Most of these individuals were escaping asphyxiating Western sanctions... MORE
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China’s Contorted Response to Russia Sanctions
Introduction The unprecedented sanctions imposed on Russia in the wake of its invasion of Ukraine will devastate its economy, but the extent of the severity partially depends on China and how much economic aid it is prepared to extend. In the short term, surging commodity... MORE
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Rhetoric Versus Reality: The European Union and Imports of Russian Natural Gas
On March 8, the European Commission announced plans to cut European Union imports of Russian natural gas by two-thirds by the end of 2022 (EurActiv—Polish service, March 9). Last year, Russia supplied EU consumers with 155 billion cubic meters (bcm) of gas. Moreover, the EU... MORE
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Organized Crime on the Belt and Road
Introduction The continued rapid economic growth of the People’s Republic of China (PRC) in the past decade has brought greater commerce and investment to Asia through the Belt and Road Initiative (BRI). However, as China’s overseas economic footprint has grown, Chinese organized crime groups have... MORE
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Armenia’s Attempts of Maneuvering Amidst the Russian-Ukrainian War
For a long time, given Armenia’s security predicament, attempts to avoid antagonizing Russia have been one of the key features of the country’s policy. Obligations deriving from Armenia’s membership in the Eurasian Economic Union (EEU), or the Russia-led Collective Security Treaty Organization (CSTO) have never... MORE
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How Uzbekistan Views the Russian War Against Ukraine
Uzbekistan chose not to take sides in Russia’s war against Ukraine, as first announced by the Uzbekistan presidential administration when the war started and later demonstrated by Uzbekistan’s avoidance of voting on the United Nations’ resolution condemning the invasion of Ukraine. A neutral posture was... MORE
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Ukrainian Public Organizations Help the Army Fight Russia
Despite warnings by American and British intelligence services that Russia was planning a full-scale attack on Ukraine, most Ukrainian people did not believe that Russian President Vladimir Putin would undertake a full-scale invasion. They were convinced an attack would mean a strategic loss for Moscow,... MORE
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Iron Cannot Fight: Putin’s Military Dilemma in Ukraine
Four weeks into the largest war Russia has fought since the Soviet invasion of Afghanistan (1979), President Vladimir Putin faces an impending dilemma in military manpower and the attrition of hardware and equipment in Ukraine. According to a well-known Russian military proverb zhelezo ne voiuet... MORE
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Russia’s War on Ukraine and China’s ‘(Un)Friendly Neutrality’
Commenting on Beijing’s official stance on Russia’s war on Ukraine, Li Keqiang, the premier of the State Council of the People’s Republic of China, stated on March 11 that “China has always conducted an independent and peace-loving foreign policy developing its bilateral relations [with Russia... MORE
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North Caucasians Feel the Pain of Russia’s Invasion of Ukraine
Following the massive Russian re-invasion of Ukraine on February 24, several governors of the North Caucasian republics delivered bellicose statements. Chechnya’s ruler, Ramzan Kadyrov, stated that his 12,000 fighters were prepared to be deployed in Ukraine and carry out President Vladimir Putin’s orders (Vk.com/ramzan, February... MORE