Latest Articles about Economics

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

Russia’s ‘Green’ Agenda in Action: Economic Tools and Political Motivations (Part One)
On April 19, during the presentation of a report compiled by the World Meteorological Organization (WMO), United Nations Secretary General António Guterres stated that 2021 would become crucial for fighting climate change. To underscore the seriousness of the problem, he mentioned Verkhoyansk, in Russia’s northern... MORE

Green Investment Receives a Boost in Kazakhstan
The COVID-19 pandemic recovery in Central Asia is taking an unexpectedly green turn. Three of the five Central Asian states boast large hydrocarbon resources and, ever since becoming independent from the Soviet Union 30 years ago, have relied primarily on oil and natural gas revenues.... MORE

Distortions in Russian Economic Policy Exposed at Pompous Forum
The St. Petersburg International Economic Forum (SPIEF) was launched in 1997 as a Russian equivalent to the Davos World Economic Forum, and for many years it provided a venue for Western business looking for opportunities to invest in Russia. But not anymore, and in the... MORE

Suez Closure Brightens the Future of China’s New Silk Road
Introduction On March 23, the 240,000-ton, 1,312 feet long (399 meters) Panama-flagged MV container ship Ever Given, drawing 47 ft 7 in (14.5 meters) and carrying 20,000 containers from China’s Yantian International Container Terminal in Shenzhen, Guangdong Province bound for Rotterdam, accidentally grounded its bow... MORE