Latest Articles about Economics
Iran’s New Pivot to Central Asia
High-ranking officials from Iran and Tajikistan made a total of three visits to Dushanbe and Tehran, respectively, in less than two months, a significant sign that after years of frosty relations, diplomatic ties are finally improving (Khovar, February 23, March 29, April 5). Even more... MORE
Azerbaijan Embarks on Construction of Nakhchivan Railway (Part Two)
*To read part one, please click here The unblocking of the Zangezur corridor will have wide-ranging geopolitical reverberations for both the directly concerned states, Armenia and Azerbaijan, and surrounding countries. For Azerbaijan, the reopening of the corridor has geostrategic significance in multiple domains. This route... MORE
Russia’s Defense-Industrial Complex at a Crossroads: Aura Versus Reality (Part One)
On March 31, during a virtual meeting with the Kremlin, the president of the Federation of Independent Trade Unions of Russia (FNPR), Mikhail Shmakov, proposed that any companies operating within the domestic defense industry (DI) sector that fail to meet state procurement obligations should be... MORE
Russia Builds up Its Export Potential in Baltic Basin
Russian natural gas giant Gazprom signed a preliminary agreement with global engineering company Linde to deliver engineering and procurement services for the Ust-Luga gas processing plant on the Baltic Sea. Gazprom CEO Miller signed the agreement on behalf of RusKhimAlyans, a special-purpose company established on... MORE
Moscow Struggles to Improve and Extend Siberian Railways to Preserve China Trade
Moscow has long wanted to develop its railway network east of the Urals, both to promote the development of that largely road-less region and to expand the export of raw materials like coal. Those two factors continue to be important, but they have been joined... MORE
Gazprom Struggles With Its Mega LNG Project in the Baltic Sea
On March 15, Russia’s leading business news outlet, Kommersant, revealed that Gazprom hit another obstacle in realizing its anticipated mega-project in the Baltic Sea—“Baltic LNG.” According to the article, the engineering, procurement and construction (EPC) contractor responsible for the investment has either been dismissed or... MORE
Azerbaijan Embarks on Construction of Nakhchivan Railway (Part One)
On February 14, President Ilham Aliyev of Azerbaijan, during his visit to the Azerbaijani territories retaken following the Second Karabakh War (September 27–November 9, 2020), ceremonially laid the foundation for a railway that, when completed, will connect the towns of Horadiz (Fuzuli district) and Agbend... MORE
Ukrainian Dependency on Belarusian Fuels in Light of the Belarus Sanctions Debate
As Russia appears to be escalating the war in eastern Ukraine (see EDM, March 11), the debate in the West on possible sanctions against Belarusian President Alyaksandr Lukashenka’s regime goes on. One of the potential actions presumably under consideration may be the imposition of an... MORE
The ‘Suez Jam’: A Window of Opportunity for Russia’s Northern Sea Route?
On March 23, the Suez Canal, one of the world’s busiest transport arteries, became blocked in both directions when the ultra-large Golden-class container ship Ever Given (operated by the firm Evergreen), en route from Malaysia to the Netherlands, ran aground cross-ways. For nearly a week,... MORE
Baku-Ashgabat Accord Transforms Geopolitics of Caspian Region
When the five Caspian littoral states (Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan) finally agreed, in August 2018, to the delimitation of the surface of the sea after almost two decades of on-again, off-again talks, many assumed that accord meant the situation in and around the... MORE