Latest Articles about Economics
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Russia’s New ‘Arctic Offensive’: Do the Benefits Outweigh the Costs? (Part Two)
*To read Part One, please click here. On February 1, Russian Prime Minister Mikhail Mishustin signed a decree approving the launch of six large investment projects in the Arctic that are to be completed by 2027 (Government.ru, February 1; see Part One in EDM, February... MORE
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China Moves Ahead on Digital Yuan Before 2022 Winter Olympics
Introduction With the People’s Republic of China (PRC) a frontrunner in the global race towards digital currency, the central bank People’s Bank of China (PBOC) has taken several steps this year to explore the international use of a digital yuan (e-CNY). Although there is no... MORE
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Development Lending is Down, But the BRI Lives to Fight Another Day
Introduction In the wake of the COVID-19 pandemic’s effects on the global economy, pessimistic analyses of the Belt and Road Initiative culminated with the December 7 publication by Boston University of a dataset covering overseas lending by two of China’s main policy banks, which showed... MORE
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Ukraine, EU Locked in Clash of Cultures and Values
The Ukrainian government concluded a series of agreements and held important discussions with European Union officials during Prime Minister Denys Shmyhal’s February 9–11 visit to Brussels, where he co-chaired the seventh meeting of the Ukraine-EU Association Council (UNIAN, February 13). Less progress was reached this... MORE
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Ukraine’s Sanctions Against Pro-Russian Oligarch Medvedchuk—All About Oil and Coal
On February 19, the National Security and Defense Council of Ukraine (NSDC) imposed sanctions on Ukrainian tycoon and politician Viktor Medvedchuk and his wife, Oksana Marchenko (Pravda.com.ua, February 19). Medvedchuk is a leader and people’s deputy of the pro-Russian party Opposition Platform–For Life, the largest... MORE
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China-CEEC Summit Returns After Pandemic—The View From Warsaw
The latest People’s Republic of China–Central and Eastern European Countries (China-CEEC) summit took place online, on February 9, after a one-year break caused by the COVID-19 pandemic. For the first time, the high-level meeting was hosted by Chinese President Xi Jinping, aimed at providing the... MORE
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Growing Azerbaijani–Central Asian Ties Likely to Trigger Conflicts With Russia and Iran
Azerbaijan’s victory in the Second Karabakh War (September 29–November 9) has had a transformative effect on the country. It not only changed the attitudes of its population, whose members now feel themselves to be heroes rather than victims (see EDM, January 21), but also bolstered... MORE
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Russia’s New ‘Arctic Offensive’: Do the Benefits Outweigh the Costs? (Part One)
On February 1, Russian Prime Minister Mikhail Mishustin signed a decree approving the launch of six major state-supported investment projects in the Arctic region. According to the document, Russia expects to attract more than 200 billion rubles (approximately $2.7 billion) in outside investments to complete... MORE
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Ukraine’s China Policy: A (Not so) Delicate Balance
Reporting on the saga of Chinese efforts to purchase Ukraine’s strategic Motor Sich aerospace production company frequently casts Kyiv as a weak “pawn” on the geopolitical chessboard, caught in the middle of the larger rivalry between Beijing and Washington. Yet Ukraine is pursuing its own... MORE
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Russians One Step Closer to Taking Over Handling of Belarusian Oil Product Exports?
On January 25, the government of the Russian Federation adopted a draft version of a bilateral agreement with Belarus on the diversion of some Belarusian refined oil product exports from the Baltic States’ transshipment terminals to Russian seaports (TASS, January 27). At first glance, the... MORE