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

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

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

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

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’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

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 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

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

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