Latest Articles about Economics
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Is Turkey’s New Gas Discovery in the Black Sea a Game Changer?
In mid-August, Turkey officially announced the discovery of a massive, 320-billion-cubic-meter (bcm) natural gas field in the Black Sea, in an exploration zone called “Tuna-1” (TRT World, August 21). The news was met with some skepticism from energy experts, notably in the Middle East (Arab... MORE
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The Northeastern Dimension of Russia’s ‘Ocean Shield 2020’ Naval Exercises (Part Two)
*To read Part One, please click here. Between late July and August 31, forces from Russia’s Northern, Black Sea, Pacific and Baltic fleets took part in the large-scale Ocean Shield 2020 naval military exercises, subsequently held in the western and then northeastern theaters (Portnews.ru,... MORE
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Lukashenka Threatens to Shut Belarusian-Baltic Transit Routes: Who Will Suffer Most?
On August 28, Belarusian President Alyaksandr Lukashenka threatened to redirect all of his country’s trade flows as well as the transit of foreign goods across its territory from Lithuanian ports to Ust-Luga and Primorsk, in Russia’s Leningrad Oblast, if Europe were to impose anti-Belarus sanctions... MORE
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Georgian Authorities Seek to Block Azerbaijani Investment in Telecommunications Infrastructure
On July 17, Georgia’s parliament approved amendments to the Law on Electronic Communications, which will allow the Georgian National Communications Commission (GNCC) to appoint “special managers” to telecommunications companies (Civil.ge, July 17). The GNCC is a state regulatory authority charged with distributing electronic communication protocols (rules... MORE
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The Controversies and Security Concerns Surrounding TikTok
Introduction In July, the music and lip-syncing short-video app TikTok (蒂克托克, DikeTuoke)—popularly used by dancers, singers, magicians and fashion bloggers—became another point of tension in the growing conflict between the United States and the People's Republic of China (PRC). On July 31, U.S. President Donald... MORE
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Beijing’s Ambitions to Build Cross-Strait Transportation Infrastructure
Introduction In January of last year, Chinese Communist Party (CCP) General Secretary Xi Jinping gave a landmark speech about Taiwan in which he called for the construction of bridges between China’s Fujian Province and offshore islands under Taiwan’s jurisdiction (Xinhua, January 2, 2019). Xi’s speech... MORE
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China-U.K. Relations Grow More Strained Over Huawei and Hong Kong
Introduction In October 2015, People’s Republic of China (PRC) President Xi Jinping visited the United Kingdom at the request of Queen Elizabeth II, marking the first time that the PRC head of state had done so in ten years. In the lead-up to the visit,... MORE
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Despite Illegality, Crypto-Currency Mining Flourishes in Abkhazia
The separatist Georgian region of Abkhazia is undergoing a surge in crypto-mining despite crypto-related activities being illegal there since December 2018. But in one of those apparent legalistic gray areas found throughout the post-Soviet space, while the mining itself is illegal, importing crypto-mining equipment into... MORE
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The CCP’s Economic Plans in the Lead-Up to the Fifth Party Plenum
Introduction Chinese Communist Party (CCP) General Secretary Xi Jinping has given top priority to a policy of domestic consumption and innovation to ensure “safe economic growth” and to counter U.S. President Trump’s apparent efforts to boycott high-end Chinese firms and products. According to a CCP... MORE
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Unprecedented Drought in Crimea: Can the Russian-Occupied Peninsula Solve Its Water Problems Without Ukraine?
The weather in July brought rain to Crimea—but still not enough to save the peninsula from its severe multi-year drought. That same month, the volume of freshwater in Crimea’s reservoirs decreased by almost 8.5 million cubic meters. By August, the amount of reservoir water left... MORE