Latest Articles about Economics

COVID-19 and Russia’s Looming Debt Cliff

COVID-19’s “second wave” is pushing back economic recovery all over the globe, giving rise to predictions of massive recorded drops in GDP this year followed by a robust recovery in 2021 and decent growth rates after that. Official economic forecasts in Russia notably mirror those... MORE

Russia Pursues ‘Region-Oriented’ Approach in Arctic Development

On October 26, President Vladimir Putin formally adopted the “Strategy for the Development of the Russian Arctic Zone and Provision of National Security Through 2035,” which aims to implement a “region-specific approach” for dealing with problems facing the country’s vast, strategically important, yet increasingly problematic... MORE

Moscow Moves to Tighten Grip Over North Caucasus Republics

The economic crisis in the Russian Federation has resulted in the central government further tightening its control over the republics of the North Caucasus. Ingushetia now faces a loss of its financial autonomy. Similarly, the property rights for a key tourist enterprise in Kabardino-Balkaria have... MORE

Arctic Issues Now Dividing Moscow Elites

President Vladimir Putin’s promotion of the Northern Sea Route (NSR) and Russian development of the seabed of the Arctic Ocean and adjoining parts of the Russian Federation were intended to excite and unify Russians at a difficult socio-economic time (see EDM, October 20). But things... MORE

Putin’s ‘Strong State’ Fails the Coronavirus Test

The COVID-19 coronavirus pandemic continues to accelerate in Russia: during the past week, the high mark in daily infections moved from 15,000 to 17,500, of which about a third were registered in Moscow. The Kremlin still asserts that the situation is under control, but its... MORE