Latest Articles about Economics

Russia-Dependent Armenia Shies Away From Openly Backing Moscow on Ukraine War
Bilateral relations with Russia remain of crucial importance to Armenia, given the small South Caucasus country’s difficult security predicament. Yet these considerations extend beyond hard military factors. Russia monopolizes Armenia’s energy supply, exemplified, in particular, by Gazprom’s direct ownership of the Armenian pipeline and natural... MORE

Dealing With the Naval Blockade of Ukraine: A Diversity of Views
The issue of Russia’s naval blockade of Ukrainian ports, which severely hampers the export of Ukrainian agricultural commodities, has for weeks been dominating headlines and high-level discussions at various international forums. Not only is the forcible Russian obstruction of Ukraine’s food exports having a ruinous... MORE

Tajikistan’s Crackdown in the Pamirs: Causes and Implications
The second half of May saw the worst violence in the Pamir Mountain region of Tajikistan since the end of the civil war in 1997. At least 40 people have been killed and over 200 arrested in the central government’s attempt to assert full control... MORE

Russia’s Arctic Strategy Melting Under the Scorch of Sanctions (Part One)
Two government documents—“On the development of the Arctic zone and ensuring national security until 2035” (Pravo.gov.ru, October 26, 2020) and “Energy Strategy 2035” (ES-2035) (Minenergo.gov.ru, accessed May 29, 2022)—outline Russia’s vision on its role, place and ambitions in the Arctic macro-region. Aside from other aspects,... MORE

Moscow Warns EU Against ‘Geopolitical Games’ in South Caucasus
On May 22, the leaders of Armenia and Azerbaijan, Prime Minister Nikol Pashinian and President Ilham Aliyev, respectively, met in Brussels for talks under mediation by Charles Michel, the president of the European Council. The event was a follow-up to their previous three European Union–mediated... MORE

Moscow Raises Two Territorial Issues After Helsinki Requests to Join NATO
The Russian government has a long tradition of raising territorial disputes against any neighboring country that seeks to join the North Atlantic Treaty Organization (NATO) because Moscow hopes that the existence of such purported disputes will slow down or even stop the process of these... MORE

Xi Jinping is Poised to Become “Leader for Life” in Exchange for Sharing Politburo Seats with Rivals
Introduction President Xi Jinping has presided over a dramatic enhancement of his own personality cult in the run-up to the 20th Party Congress this autumn. The latest sign of this hero worship is that national media have bestowed on Xi the title of lingxiu (领袖).... MORE

China and Sri Lanka’s Debt Crisis: Belt and Road Initiative Blowback
Introduction Sri Lanka is in the grip of an unprecedented crisis. For several months, the country has been reeling under a severe foreign exchange crisis. In early May, Foreign Minister Ali Sabry said that its usable forex reserves were just $50 million (Daily News, May... MORE

China’s “Dynamic Zero-COVID” Policy Weighs on a Weak Global Economy
Introduction The long lockdown in Shanghai may finally be nearing an end. Stores in parts of the city have been permitted to gradually reopen, and limited public transportation has resumed (Sh.news.cn, May 23; Xinhua, May 11) Nevertheless, for much of the city the lockdown drags... MORE

Mongolia’s Currency Crisis: Made in China?
Introduction When COVID-19 lockdowns closed the People’s Republic of China’s (PRC) borders in 2020, imports entering Mongolia came to a grinding halt, leading to domestic inflation and product shortages. Exports also declined significantly, further constricting the flow of U.S. dollars into the country. More than... MORE