Latest Articles about Economics
Divining Belarus’s Future Amidst International and Domestic Unrest
How long will Belarus remain a pariah in the eyes of its neighbors? According to Yury Drakakhrust of Radio Liberty, this depends on whether the Belarusian army enters the Russo-Ukrainian war and, above all, on that conflict’s outcome. If Russia emerges weakened from this war,... 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
Russia and the Gulf: Implications for Global Energy Markets and Moscow’s International Isolation
Pressure is growing around the world to cut off international purchases of Russian oil because of the Kremlin’s war of aggression against Ukraine. In recent days, the government of Poland announced its intentions to do just that, in addition to self-embargos on Russian coal and... MORE
Russia’s Military Draft—Serious Problems That Go Beyond Ukraine
Today (March 31), President Vladimir Putin announced that the Russian Armed Forces will draft 134,500 men over the next three months and release a similar number of soldiers who have completed their service (Pravo.gov.ru, March 31). Russia has always faced problems with its twice-a-year draft:... MORE
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
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
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
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
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