Latest Articles about Economics

Despite Western Warnings, Russia Moves Closer to China

The perception of China as a growing and global threat has become a bipartisan issue in Washington that more or less seamlessly persisted through the handover of power from the previous presidential administration to the current one. Indeed, over the past several months, the United... MORE

Europe’s Sanctions and Belarus: A Hammer and the Nail

After the introduction of sectoral sanctions by the European Union (see EDM, June 30), Minsk suspended its membership in the Eastern Partnership initiative as well as in the Readmission Agreement with the EU. Belarus’s Ministry of Foreign Affairs also recommended that the head of the... MORE

Brussels’s Virtue Signaling on Belarus May Prove Counterproductive

On June 24, the Council of the European Union introduced so-called sectoral sanctions against Minsk. According to the well-informed Russian business daily Kommersant, despite their formidable appearance, the actual strength of these European sanctions is likely to fall short of expectations. Thus, when it comes... MORE

Turkey Breaches Russia’s Sphere of Influence

Turkish President Recep Tayyip Erdoğan and his Azerbaijani counterpart, Ilham Aliyev, signed an agreement on June 15, 2021, that may have historic significance not only for the two signatory countries, but also for neighboring states (see EDM, June 23). “The Shusha Declaration,” named after the... MORE

Green Investment Receives a Boost in Kazakhstan

The COVID-19 pandemic recovery in Central Asia is taking an unexpectedly green turn. Three of the five Central Asian states boast large hydrocarbon resources and, ever since becoming independent from the Soviet Union 30 years ago, have relied primarily on oil and natural gas revenues.... MORE

Suez Closure Brightens the Future of China’s New Silk Road

Introduction On March 23, the 240,000-ton, 1,312 feet long (399 meters) Panama-flagged MV container ship Ever Given, drawing 47 ft 7 in (14.5 meters) and carrying 20,000 containers from China’s Yantian International Container Terminal in Shenzhen, Guangdong Province bound for Rotterdam, accidentally grounded its bow... MORE