Latest Articles about Economics

Anti-China Sentiments Grows in Kazakhstan as Economic Cooperation Stalls
On July 6, Kazakhstan celebrated Capital City Day in commemoration of former president Nursultan Nazarbayev’s 1994 decision to move the capital from Almaty in the south to Akmola in the north. The capital was subsequently renamed Astana but, following Nazarbayev’s sudden resignation, it has been... MORE

Kharkiv State Aviation Production Enterprise Enters Freefall
The sudden collapse of the Union of Soviet Socialist Republics (USSR), in December 1991, and fracturing into 15 independent states effectively destroyed its unified, centrally planned, autarkic economy. The massive former Soviet defense sector was particularly hard-hit; during the 1990s, it scrambled to cope with... MORE

Checkmate: Russia’s So-Called Fifth-Generation Stealth Fighter
Despite another wave of deadly COVID-19 coronavirus infections ravaging Moscow and spreading out into the provinces, the Russian authorities went ahead with staging the MAKS-2021 air-and-space show on the outskirts of Moscow, in Zhukovsky. On opening day, July 20, President Vladimir Putin visited the exposition,... MORE

Iran Drives Development of Persian Gulf–Black Sea International Transport and Transit Corridor
Back in 2016, Iran put forward a regional initiative to expand the Persian Gulf–Black Sea International Transport and Transit Corridor, which, in addition to the Islamic Republic itself, involves Armenia, the Republic of Azerbaijan, Georgia, Bulgaria and Greece. This multimodal corridor begins from the Gulf... MORE

Iranian-Azerbaijani Relations Under the New Raisi Administration
Despite a rapprochement of sorts in 2019 (see EDM, March 20, 2019), Iran’s relations with the Republic of Azerbaijan faced new strains and challenges during the final year of Hassan Rouhani’s presidency (set to end on August 3, 2021), especially following the outbreak of the... MORE

Despite Western Warnings, Russia Moves Closer to China
The perception of China as a growing and global threat has become a bipartisan issue in Washington that more or less seamlessly persisted through the handover of power from the previous presidential administration to the current one. Indeed, over the past several months, the United... MORE

Europe’s Sanctions and Belarus: A Hammer and the Nail
After the introduction of sectoral sanctions by the European Union (see EDM, June 30), Minsk suspended its membership in the Eastern Partnership initiative as well as in the Readmission Agreement with the EU. Belarus’s Ministry of Foreign Affairs also recommended that the head of the... MORE

EU Sectoral Sanctions Put a Heavy Burden on Lukashenka’s Regime
On June 21 and 24, the European Union, the United States, the United Kingdom and Canada imposed several new sanctions packages against Belarusian President Alyaksandr Lukashenka’s regime. The actions form part of a coordinated Western response to the serious human rights abuses observed in Belarus... MORE

Brussels’s Virtue Signaling on Belarus May Prove Counterproductive
On June 24, the Council of the European Union introduced so-called sectoral sanctions against Minsk. According to the well-informed Russian business daily Kommersant, despite their formidable appearance, the actual strength of these European sanctions is likely to fall short of expectations. Thus, when it comes... MORE

Turkey Breaches Russia’s Sphere of Influence
Turkish President Recep Tayyip Erdoğan and his Azerbaijani counterpart, Ilham Aliyev, signed an agreement on June 15, 2021, that may have historic significance not only for the two signatory countries, but also for neighboring states (see EDM, June 23). “The Shusha Declaration,” named after the... MORE