Latest Articles about Economics

Russia Halts Gas Supplies to Poland and Bulgaria: Short-Term Calm, Long-Term Anxieties
On April 27, Russia’s Gazprom completely suspended natural gas supplies to Poland and Bulgaria under long-term contracts that were supposed to be valid through the end of 2022. The move was explained by Gazprom as a necessity, as the Russian gas importers in both countries... MORE

Escalation of Lies and Threats Leaves Putin With Two Bad Choices
The deadlocked war with Ukraine has pushed Russia into an irreconcilable dilemma: it can neither accept reality nor keep denying it. This contradiction can be seen both in the official discourse on the unfolding disaster and the societal response to it. As one example, rampant... MORE

Shifting China-NATO Relations: From Selective Cooperation to Strategic Rivalry?
Introduction On March 15, North Atlantic Treaty Organization (NATO) General Secretary Jens Stoltenberg called on China to withdraw its support for Russia and to condemn its “brutal” invasion of Ukraine (NATO, March 15). The next day, the nationalistic state media outlet Global Times issued a... MORE

Russia’s Space Program in Wartime and Beyond
The Kremlin’s full-scale aggression against Ukraine, launched on February 24, became a game changer for the Russian space program. Western sanctions, adopted in response to the war, have thrown Russia’s space industry into turmoil: previous rounds of sanctions were painful, but they only limited Russia’s... MORE

Shifting Maps of Euro-Asian Economic Relations: The Untouched Potential of the South Caucasus and Central Asia
The roles of the Central Asian and the South Caucasus regions in facilitating economic relations between the European Union and East Asia—particularly in the fields of energy, trade, and transportation—have been growing in importance over the last few months (Report.az, April 6). Amidst the current... MORE

Moscow Turns Residents of the Regions Into ‘Cannon Fodder’
By the time news of the Russian re-invasion of Ukraine became known in Moscow in the early morning of February 24, 2022, it was already afternoon in Siberia and the Urals. Residents of cities such as Irkutsk, Omsk and Yekaterinburg were the first to take... MORE

The Economic Aspect of Russia’s War in Ukraine: Sanctions, Implications, Complications (Part Two)
*To read Part One, please click here. After Russia’s President Vladimir Putin launched a full-scale invasion of Ukraine on February 24 (Kremlin.ru, February 24), the Western economies introduce several rounds of increasingly harsh economic sanctions against the Russian Federation (Meduza, March 8). So far, Russia’s non-renewable... MORE

Middle Corridor: Potential Alternative to Russian Railways?
The Russo-Ukrainian war has cast doubt on the sustainability of the Chinese Belt and Road Initiative’s (BRI) “Northern Corridor” because of mounting Western sanctions on this overland route’s key links—Russia and Belarus (see EDM, April 8, 18). The growing vulnerability of the Northern Corridor, which... MORE

With Russian Route Blocked, Uzbekistan Looks to Indian-Iranian-Afghan Chabahar Port Project
The Russo-Ukraine war, the extensive Western sanctions against Russia, and the growing possibility that European border states will block east-west transit corridors traversing Russian territory into Europe are having far-reaching implications for the landlocked countries of Central Asia, which have historically relied on road and... MORE

Returning Veterans of Putin’s War in Ukraine Pose Serious Threat to Russia’s Future
When veterans of the Soviet war in Afghanistan—the so-called “Afgantsy”—and veterans of the two Russian campaigns in Chechnya returned to their homes, many had a difficult time fitting back into a peaceful life. Some used the military skills they had acquired to engage in various... MORE