Latest Articles about Economics
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China Helping Russia on Northern Sea Route Now but Ready to Push Moscow Aside Later
Russia’s ever-closer economic cooperation with China may not end the way Moscow hopes. Instead of strengthening Russia as Moscow expects, it may put Beijing in a position to dominate its partner. Indeed, China’s involvement with the Northern Sea Route (NSR), a prime concern of Russian... MORE
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Russia’s Defense-Industrial Complex at a Crossroads: Aura Versus Reality (Part Two)
*To read Part One, please click here. President Vladimir Putin’s remarks about possibly nationalizing the Russian defense industry (DI) (Interfax, March 31) reinvigorated a debate on measures to optimize this strategically crucial yet decreasingly profitable sector of the country’s economy (see Part One in EDM,... MORE
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‘Canal War’ Breaking Out in Greater Caspian Region
Turkey’s plan to build a canal bypassing the Bosporus Strait and potentially upsetting the Montreux Convention (see EDM, February 9) along with Russia’s movement of warships from the Caspian to the Sea of Azov via the Volga–Don Canal in order to threaten Ukraine (see EDM,... MORE
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Azerbaijan Feels Pressure to Join Moscow-Dominated Eurasian Economic Union
The next meeting of the Intergovernmental Council of the Moscow-led Eurasian Economic Union (EEU) will be held in the central Russian city of Kazan, on April 29–30 (TASS, March 17). A key agenda item for the EEU member states may reportedly be to discuss the... MORE
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International Involvement in Infrastructure Projects in Azerbaijan’s Newly Regained Territories
Azerbaijani President Ilham Aliyev announced earlier this year that a number of large infrastructure projects had been launched in the territories liberated from Armenian occupation as a result of the 2020 Second Karabakh War. Importantly, he added that friendly countries and partners would be involved... MORE
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Iran’s New Pivot to Central Asia
High-ranking officials from Iran and Tajikistan made a total of three visits to Dushanbe and Tehran, respectively, in less than two months, a significant sign that after years of frosty relations, diplomatic ties are finally improving (Khovar, February 23, March 29, April 5). Even more... MORE
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Azerbaijan Embarks on Construction of Nakhchivan Railway (Part Two)
*To read part one, please click here The unblocking of the Zangezur corridor will have wide-ranging geopolitical reverberations for both the directly concerned states, Armenia and Azerbaijan, and surrounding countries. For Azerbaijan, the reopening of the corridor has geostrategic significance in multiple domains. This route... MORE
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Russia’s Defense-Industrial Complex at a Crossroads: Aura Versus Reality (Part One)
On March 31, during a virtual meeting with the Kremlin, the president of the Federation of Independent Trade Unions of Russia (FNPR), Mikhail Shmakov, proposed that any companies operating within the domestic defense industry (DI) sector that fail to meet state procurement obligations should be... MORE
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Russia Builds up Its Export Potential in Baltic Basin
Russian natural gas giant Gazprom signed a preliminary agreement with global engineering company Linde to deliver engineering and procurement services for the Ust-Luga gas processing plant on the Baltic Sea. Gazprom CEO Miller signed the agreement on behalf of RusKhimAlyans, a special-purpose company established on... MORE
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Moscow Struggles to Improve and Extend Siberian Railways to Preserve China Trade
Moscow has long wanted to develop its railway network east of the Urals, both to promote the development of that largely road-less region and to expand the export of raw materials like coal. Those two factors continue to be important, but they have been joined... MORE