Latest Articles about Economics
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
Moscow to Drill for Fresh Water Under Azov Sea, Not to Help Crimea But to Back Its Claims
Moscow has announced it will begin drilling for fresh water under the Sea of Azov this summer to address growing water shortages in occupied Crimea, a project President Vladimir Putin called for, with surprisingly limited fanfare, at the end of last year (Aif.ru, May 4,... MORE
China’s Port Investments in Sri Lanka Reflect Competition with India in the Indian Ocean
Introduction Located at the crossroads of global shipping lanes, Sri Lanka has become a significant recipient of Chinese economic and military influence in the Indian Ocean Region (IOR). For its part, Sri Lanka has largely welcomed China as a major investor and strategic partner in... MORE
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
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
‘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
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
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