Latest Articles about Economics
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Iran Balks at Definition of Offshore Territorial Baselines in Caspian Sea
Following decades of wrangling and negotiations, Iran, Kazakhstan, Azerbaijan, Russia and Turkmenistan signed the Convention on the Legal Status of the Caspian Sea, in Aktau, on August 12, 2018. According to the domestic laws of the five littoral states of the Caspian Sea, the text... MORE
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Moscow Promoting Canal System Linking Turkey and Central Asia Via Russian Territory
In the 1930s, Soviet dictator Joseph Stalin considered building a canal between the Black and Caspian seas because the Volga–Don Canal lacked the depth to handle large-capacity ships. But World War II forced him to suspend and then abandon that dream. Now, President Vladimir Putin... MORE
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Leader-Oriented Relations Between Russia and Turkey in Times of Pandemic
At the end of April, Minister Fahrettin Koca announced that the Ministry of Health had granted emergency use authorization in Turkey to Russia’s COVID-19 vaccine (Anadolu Agency, April 30). Sputnik V became the third vaccine to receive such approval, after China’s Sinovac and the Pfizer-BioNTech... MORE
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Sino-Australian Relations and the Bumpy Road to the G7 Summit
Introduction The Chinese-born Australian journalist Cheng Lei (成蕾) was formally arrested by the People’s Republic of China (PRC) in early February after having been detained for six months in Beijing. Her arrest was confirmed by the PRC on February 8, with Chinese foreign ministry spokesperson... MORE
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The ‘Big Game’ Around Georgia’s Deep-Water Ports
Last March, Georgian Prime Minister Irakli Garibashvili announced that his government would post a new tender for the construction of the Anaklia deep-water port (Report.ge March 31; Netgazeti, March 4). This mega-project, originally envisioned by former president Mikhail Saakashvili (in power 2004–2012), is the most... MORE
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Belarusian Oil Industry Suffers From US Sanctions
On May 19, one month will pass since the United States revoked its suspension of sanctions against several Belarusian public companies, mostly from the petrochemical industry (BelTA, April 20; State.gov, April 19). Despite the 45-day wind-down period established, it seems that the resuming restrictions have... MORE
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Greenland Likely to Be Cockpit of Arctic Conflict Between Russia and the West
On May 15, Russia will assume the rotating two-year chairmanship of the Arctic Council, a role President Vladimir Putin has already said Moscow will use to advance his country’s interests in the High North (see EDM, February 17, March 2, April 22). Initially, Russian moves... MORE
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Russian Naval Base in Sudan Stays for Now: What Happens Next?
Between late April and early May, several authoritative information outlets, including Al Arabiya (TASS, April 28) and local Sudanese sources (Sudan Tribune, May 3), argued that Sudan’s government had de facto annulled a bilateral agreement on military-technical cooperation with Russia. Reportedly, the Sudanese authorities had... MORE
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Moscow to Drill for Fresh Water Under Azov Sea, Not to Help Crimea But to Back Its Claims
Moscow has announced it will begin drilling for fresh water under the Sea of Azov this summer to address growing water shortages in occupied Crimea, a project President Vladimir Putin called for, with surprisingly limited fanfare, at the end of last year (Aif.ru, May 4,... MORE
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China’s Port Investments in Sri Lanka Reflect Competition with India in the Indian Ocean
Introduction Located at the crossroads of global shipping lanes, Sri Lanka has become a significant recipient of Chinese economic and military influence in the Indian Ocean Region (IOR). For its part, Sri Lanka has largely welcomed China as a major investor and strategic partner in... MORE