Latest Articles about Economics
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
How Uzbekistan Views the Russian War Against Ukraine
Uzbekistan chose not to take sides in Russia’s war against Ukraine, as first announced by the Uzbekistan presidential administration when the war started and later demonstrated by Uzbekistan’s avoidance of voting on the United Nations’ resolution condemning the invasion of Ukraine. A neutral posture was... MORE
Ukrainian Public Organizations Help the Army Fight Russia
Despite warnings by American and British intelligence services that Russia was planning a full-scale attack on Ukraine, most Ukrainian people did not believe that Russian President Vladimir Putin would undertake a full-scale invasion. They were convinced an attack would mean a strategic loss for Moscow,... MORE
Iron Cannot Fight: Putin’s Military Dilemma in Ukraine
Four weeks into the largest war Russia has fought since the Soviet invasion of Afghanistan (1979), President Vladimir Putin faces an impending dilemma in military manpower and the attrition of hardware and equipment in Ukraine. According to a well-known Russian military proverb zhelezo ne voiuet... MORE