Latest Articles about Economics

Russia’s Quick Victory Vanishes, as Protracted War Looks Inevitable

Russia has revised its war plan multiple times during the, so far, seven-week-long, ill-conceived large-scale invasion of Ukraine, yet it still remains incompatible with both tactical imperatives and political ambitions. The consecutive revisions themselves have been flawed in different ways: if the initial “Blitzkrieg” design... MORE

Strange Days in Shanghai

Over the past two years, deserted cityscapes have become a distressingly common sight, but the images of totally empty thoroughfares in the usually pulsating city of Shanghai are striking (The Paper, April 2). By late March, government authorities reported that Shanghai had recorded 30,000 COVID-19... MORE

Central Asia and Russia Sanctions: Threats and Opportunities

International sanctions imposed on Russia in the wake of its massive re-invasion of Ukraine present both challenges and opportunities for Central Asian economies, which are spread asymmetrically across the region. Turkmenistan is, of course, an outlier case given its insularity and lack of truly verifiable... MORE

Moscow Using Central Asian Migrants to Fight in Ukraine

Moscow has opened a new front in its effort to find enough soldiers to fight in Ukraine (see EDM, March 16): it is ordering Central Asian immigrants in Russia who have taken Russian citizenship to appear for induction, and it is offering citizenship and high... MORE

Moscow Outraged That Kazakhstan Becoming ‘a Second Ukraine’

Moscow-based commentators who remain convinced that Russia saved the current government in Kazakhstan by intervening there in January (see EDM, January 19, 21) are outraged that the Central Asian country is not supporting Russia in the Ukrainian conflict but rather publicly taking positions that challenge... MORE

Putin’s First Assertive Move on the Energy Front Misfires

Combat operations on all key fronts of the Russo-Ukrainian war continue non-stop, even if without decisive action, but the transit of Russian natural gas to Europe through Ukraine’s pipeline system persists without interruptions. This may appear aberrant given President Vladimir Putin’s well-documented propensity to “weaponize”... MORE