Latest Articles about Economics
Sanctions on Belarus Will Not Bring Regime Change
With reference to Nasha Niva, the Belarusian service of Radio Liberty reports that Deutsche Bank, the main correspondent bank of Belarusian state-owned financial institutions, has closed its correspondent accounts in euros. Evidence of this could be seen by looking at the list of respective accounts... MORE
Iran’s Full Membership in the SCO: A Win-Win Game?
Iran’s bid to become a full member of the Shanghai Cooperation Organization (SCO) dates to one year after it received observer status in 2005. All along, however, the most important legal obstacle to its accession has been a series of United Nations Security Council resolutions... MORE
Raisi Presidency Challenged to Tackle Three Major Problems Between Iran and Azerbaijan
As new Iranian President Ebrahim Raisi forms his government, Baku and Tehran are expected to enter the next uneasy and uncertain phase in their bilateral relations. In particular, issues relating to the unfinished railway segment of the North-South Transport Corridor (NSTC) and the controversial hydropower... MORE
Sustainable Energy—A Hidden Agenda of Russia’s 2021 Eastern Economic Forum
The Sixth Eastern Economic Forum 2021 (EEF-2021), which convened delegations from 60 countries, took place on September 2–4, in Vladivostok, at the Far Eastern Federal University. A symbol of Russia’s “Pivot to Asia” strategy and its growing socio-economic, business, and cultural integration in the Asia-Pacific... MORE
Nord Stream Two Construction Completed, but Gas Flows Unlikely in 2021
On September 10, the project company Nord Stream 2 AG informed that the last weld has been finished, making the Nord Stream Two natural gas pipeline fully complete from a technical perspective (Nord-stream2.com, September 10). At the same time, speculation in the media began to... MORE
Japan Increases Involvement in Central Asia
Almost two decades ago, Japan adopted the 5+1 approach to dealing with Central Asia, a model other outside players have copied. Now, Japan is increasing its involvement in the region given the Taliban’s recent victory, which has created new diplomatic opportunities but also uncertainties for... MORE
How U.S. Banks Push the Caribbean Toward China
Introduction The 14th Five-Year Plan adopted this past March has reaffirmed the significance of Renminbi (RMB) internationalization in China’s geopolitical ambitions (Gov.cn, March 13). Global RMB proliferation in cross-border trade would enhance China’s domestic financial security, which also makes it a key element of China’s... MORE
Tajikistan Breaks From Neighbors in Policy Toward Afghanistan
Confronted with the new Taliban government in Afghanistan, adjacent Tajikistan has broken from its Central Asian neighbors, which have largely adopted a conciliatory posture, and opted for a more confrontational approach. Speaking on the eve of Tajikistan’s 30th anniversary of independence and one day after... MORE
Kazakhstan to Let Russia Do the Heavy Lifting on Afghanistan
The recent fall of Afghanistan to the Taliban took many a government by surprise. Kazakhstan—Central Asia’s biggest economy, which has no shared border with Afghanistan but is nonetheless actively involved in the regional security dialogue—was no exception. On August 15, the day the Taliban conquered... MORE
The Unstable Equilibrium of Belarus’s Political Crisis
The political crisis in Belarus seems to have entered the stage of unstable equilibrium both inside the country and along its perimeter. A system in this position accelerates away from steadiness if displaced even slightly. As Yauhenii Preiherman, who heads the Minsk Dialogue platform, opined,... MORE