Latest Articles about Economics

Missiles and Escorts: Unblocking Ukraine’s Ports on the Black Sea
From the beginning of the 2022 Russo-Ukrainian war, the Russian Black Sea Fleet moved in to block or occupy all of Ukraine’s ports on the Black Sea and the Sea of Azov (see EDM, April 6). In the first days of the massive re-invasion, Russian warships attacked several... MORE

The Ailing Belarusian Economy and Lukashenka’s Plea on Big Brother’s Behalf
According to a January 2022 forecast published by the World Bank, the Belarusian economy would contract by 2.8 percent over the course of the year. But in April, the international financial institution sharply revised down its estimate to a drop of 6.5 percent. The April... MORE

Russia Downplays Negative Economic Impact of Ukraine War for Its Central Asian Allies
Russia’s large-scale re-invasion of Ukraine, which prompted the West to adopt ever-tightening economic sanctions against the aggressor, is forcing Central Asian countries to grapple with the negative fallout spilling over to their own economies. Disruptions to traditional logistical supply routes, a looming food crisis, currency... MORE

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