Latest Articles about Economics
Will the Closure at Azovstal Plant Steel Ukraine’s Resolve to Keep Fighting?
In the seemingly deadlocked but, in fact, fast-evolving war in Ukraine, two impactful events coincided in mid-May, altering the course of the battles and political stand-off. The first one was the end of the months-long resistance of Mariupol, as the last defenders of the city’s... MORE
Azerbaijan Strives to Be a Regional Renewable Energy Hub
Azerbaijan intends to contribute to Europe’s energy security by developing into a regional “green” energy hub, the government officially announced on May 9, at The World Utilities Congress, in Abu Dhabi, United Arab Emirates (Minenergy.gov.az, May 9). In line with such goals, several days earlier,... MORE
The Oil War: Facing EU Embargo, Russia Targeted Ukraine’s Supplies
Ukrainian President Volodymyr Zelenskyy strongly advocates for an embargo on Russian oil imports to the European Union: “Now the priority is the oil embargo. No matter how hard Moscow tries to disrupt this decision…” (President.gov.ua, May 15). His economic advisor Oleg Ustenko has further admonished... MORE
Agriculture as a Weapon: Russia’s ‘Second Front’ Against Ukraine
Russia’s unprovoked war of conquest against Ukraine, launched on February 24, is being fought on multiple fronts. Beyond the conflict’s conventional military aspect and the information war, Russia has now been found to be unlawfully seizing Ukraine’s agricultural goods and machinery. According to Ukrainian officials,... MORE
Will Russia Complete Iran’s Rasht–Astara Railway?
The Russo-Ukrainian war has had a direct impact on the status of the various China–Central Asia–Russia–Europe transit corridors that traverse Eurasia. The Northern Corridor branch of China’s Belt and Road Initiative (BRI), in particular, has faced serious challenges and limitations, forcing a halt to the... MORE
Russia Seeks to Keep Water Transit Between Caspian and Azov Seas Open Year Round
At present, Moscow can move ships, including the naval vessels of the Caspian Flotilla, between the Caspian Sea and the Sea of Azov for only about eight months out of the year because of low water levels in the Volga–Don Canal. However, because of the... MORE
Moscow Considers Abolishing Direct Elections of Regional Governors
The authorities are considering abolishing direct elections of regional governors across the Russian Federation, according to Vladimir Mazur, the deputy head of the Domestic Policy Department of the Russian Presidential Administration. Several governors reportedly asked the Kremlin to change the regional election rules due to... MORE
Xi Jinping Revives Pro-market Policies to Bolster Economy Ahead of 20th Party Congress
Are President Xi Jinping’s recent turn to liberalized measures on technology firms and his commitment to using infrastructure projects to boost the economy an indication that the supreme leader has adopted a relatively pro-market approach to policymaking? At a late April Politburo meeting, Xi, who... MORE
Construction of Highway and Railway Links Between Zangilan and Nakhchivan: The Views From Baku and Tehran
The Russo-Ukrainian war, the extensive sanctions against Russia that the West adopted in response, and the growing possibility that European border states will block east-west transit routes traversing Russian territory into Europe, including the so-called Northern Corridor of China’s Belt and Road Initiative (BRI), are... MORE
About Turn: Arms, Oil, Gas and Politics in Bulgaria
Russian President Vladimir Putin miscalculated again when he stopped natural gas shipments to Poland and Bulgaria on April 27. Now Russia appears to have lost the gas markets in both countries as they are preparing to permanently wean themselves from Russian energy supplies. The official... MORE