Latest Articles about Economics
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Gazprom Struggles With Its Mega LNG Project in the Baltic Sea
On March 15, Russia’s leading business news outlet, Kommersant, revealed that Gazprom hit another obstacle in realizing its anticipated mega-project in the Baltic Sea—“Baltic LNG.” According to the article, the engineering, procurement and construction (EPC) contractor responsible for the investment has either been dismissed or... MORE
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Azerbaijan Embarks on Construction of Nakhchivan Railway (Part One)
On February 14, President Ilham Aliyev of Azerbaijan, during his visit to the Azerbaijani territories retaken following the Second Karabakh War (September 27–November 9, 2020), ceremonially laid the foundation for a railway that, when completed, will connect the towns of Horadiz (Fuzuli district) and Agbend... MORE
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Ukrainian Dependency on Belarusian Fuels in Light of the Belarus Sanctions Debate
As Russia appears to be escalating the war in eastern Ukraine (see EDM, March 11), the debate in the West on possible sanctions against Belarusian President Alyaksandr Lukashenka’s regime goes on. One of the potential actions presumably under consideration may be the imposition of an... MORE
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The ‘Suez Jam’: A Window of Opportunity for Russia’s Northern Sea Route?
On March 23, the Suez Canal, one of the world’s busiest transport arteries, became blocked in both directions when the ultra-large Golden-class container ship Ever Given (operated by the firm Evergreen), en route from Malaysia to the Netherlands, ran aground cross-ways. For nearly a week,... MORE
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Baku-Ashgabat Accord Transforms Geopolitics of Caspian Region
When the five Caspian littoral states (Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan) finally agreed, in August 2018, to the delimitation of the surface of the sea after almost two decades of on-again, off-again talks, many assumed that accord meant the situation in and around the... MORE
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Russia’s Non-Energy Exports Boom: A Not-so-Unequivocal Triumph?
According to the Ministry of Agriculture of the Russian Federation (Minselkhoz), the year 2020 set a new record for Russia’s exports of agricultural products. Cumulatively, the country exported 79 million tons of products (worth $30.7 billion), a 20 percent increase year on year (Forbes.ru, March... MORE
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Directions Forward for Chinese Rare Earths After the Two Sessions
Following heightened U.S.-China tensions last year, the Chinese Ministry of Industry and Information Technology (MIIT) issued the “Draft Regulations on Rare Earth Management” (稀土管理条例(征求意见稿), xitu guanli tiaolie (zhengqiu yijian gao)) on January 15. The new regulations propose stricter management of China’s rare earths industry, including... MORE
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Russia’s Digitalization of the Arctic Region: Plans and Achievements
The “Strategy for the Development of the Russian Arctic Zone and Provision of National Security Through 2035” (Pravo.gov.ru, October 26, 2020) highlights, among others, three crucial aspects. First, it de facto introduces a “region-specific approach” in the strategically important though problem-riddled Arctic region, where special... MORE
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Lithuanian-Russian Radio Frequency Dispute Highlights Problems of Civilian Versus Military Applications
The ongoing expansion of wireless internet connectivity around the world has concurrently raised a host of unresolved issues about cyberspace, including access, conductivity, taxation and cyberwar, as states attempt to secure their digital frontier while boosting their influence against competitors. And cutting-edge technology innovation is,... MORE
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Including Iran in Moscow-Led Economic Group Will Upend Former Soviet Space
Reports claiming that Russia will, within a few weeks, welcome Iran as a new member of the Eurasian Economic Union (EEU) may be premature, but they are still likely to be realized in the not-too-distant future, some Russian analysts argue (RitmEurasia, February 26). These reports... MORE