Latest Articles about Economics
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Pandemic Politics in Central Asia
Central Asia is suffering a significant economic downturn precipitated by the COVID-19 pandemic that will deepen during the coming months (The Astana Times, May 5; Imf.org, July 2020). The health crisis could also have a profound geopolitical effect in the region. As the United States... MORE
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Volga-Don Canal, Last Great Stalin Project, Desperately Needs Updating or Replacement
The Volga-Don Canal, the last of the great Stalinist-era construction projects, which involved the use of German prisoners of war and Soviet GULAG prisoners to move more than 150 million cubic meters of earth and pour more than 3 million tons of concrete, marked its... MORE
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Clashes on Azerbaijan-Armenia Border Threaten Regional Transport and Energy Routes
On July 12, Armenian and Azerbaijani forces exchanged fire along the state border in the Tovuz region of Azerbaijan and Armenia’s Tavush province, resulting in several days of intense cross-border clashes involving heavy artillery exchanges (Mod.gov.az, July 12). The two countries have been under a... MORE
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The Impact of the COVID-19 Pandemic on the China-Pakistan Economic Corridor
Introduction Since its advent in 2015, the China-Pakistan Economic Corridor (CPEC)—an ambitious program of infrastructure development projects primarily financed by Chinese capital and built by Chinese state-owned companies—has been a key component of China’s larger Belt and Road Initiative (BRI) (China Brief, July 31, 2015;... MORE
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European States Reappraise Their Diplomatic and Investment Relationships with China
Introduction As the European Union seeks to emerge from the COVID-19 pandemic that paralyzed much of its normal political agenda, some member states have also been seeking a way out of major Sino-European initiatives. For example, People’s Republic of China (PRC) diplomats have invested considerable... MORE
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The Influence of the Pandemic on Russia’s Defense Industry
The COVID-19 pandemic has plunged the world into a recession and damaged global supply chains. Russia’s defense industry has not been immune to these disruptive processes, and it came under government-mandated lockdowns between March and June 2020. The shutdowns have already created delays in weapons... MORE
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Coal Strategy 2035: Is Russia Preparing for the Last War?
On June 13, Russian Prime Minister Mikhail Mishustin approved a program for the development of the domestic coal industry until 2035 (Government.ru, June 14). The realization of the newly adopted program will follow three stages (Consultant.ru, accessed July 17): The first (backdated) stage (2019–2025) envisages... MORE
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Mongolia and the Belt and Road Initiative: The Prospects for the China-Mongolia-Russia Economic Corridor
Introduction Mongolia is a landlocked country with a population of roughly 3.3 million people, bordering on only two nations, China and Russia. The country’s primary exports are largely minerals and raw materials, making trade with countries other than its immediate neighbors difficult. China’s Belt and... MORE
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For First Time in History, Georgia May Come Under US Sanctions
The United States Congress may suspend around 15 percent of US financial assistance to Georgia, according to the draft Fiscal Year 2021 State and Foreign Operations Funding bill recently approved by the US House Appropriations Subcommittee on State, Foreign Operations, and Related Programs. The funding... MORE
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Russia’s Icebreaker Buildup: A Mixture of Geo-Economic and Military-Political Calculations
On July 6, the Russian shipbuilding complex Zvezda, LLC started construction on a Project 10510 (Lider) icebreaker. Upon its completion (scheduled for 2027), the first ship of this class, named the Rossiya and commissioned by the Rosatom State Nuclear Energy Corporation (Rosatom), will become the... MORE