Latest Articles about Economics
Distortions in Russian Economic Policy Exposed at Pompous Forum
The St. Petersburg International Economic Forum (SPIEF) was launched in 1997 as a Russian equivalent to the Davos World Economic Forum, and for many years it provided a venue for Western business looking for opportunities to invest in Russia. But not anymore, and in the... MORE
Suez Closure Brightens the Future of China’s New Silk Road
Introduction On March 23, the 240,000-ton, 1,312 feet long (399 meters) Panama-flagged MV container ship Ever Given, drawing 47 ft 7 in (14.5 meters) and carrying 20,000 containers from China’s Yantian International Container Terminal in Shenzhen, Guangdong Province bound for Rotterdam, accidentally grounded its bow... MORE
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
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
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
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
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
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
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
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