Latest Articles about Economics

Russian Loan Offer Exposes Moldova’s Internal Faultlines

In mid-April, Russia offered Moldova, at the latter’s insistence, an inter-governmental loan of €200 million ($217 million) on soft terms. Moldova’s Socialist-led government had planned this loan mainly for road construction, before the COVID-19 coronavirus pandemic broke out. At present and in the near-to-medium term,... MORE

Russian Loan for Moldova: A Strange Inter-Governmental Agreement

Russia and Moldova signed an inter-governmental loan agreement on April 17, in Moscow, at Chisinau’s insistence. Chisinau had initially sought a Russian loan for infrastructure development, but it may have to spend these Russian funds (along with Western assistance) to mitigate Moldova’s current fiscal emergency... MORE

Russia Now Losing Out to China on Iranian Rail Route

The Russian government long assumed that Western sanctions on Iran would allow it to steal a march on the world by expanding its railroad connections to the south via the Islamic Republic while simultaneously ensuring that the South Caucasus remains a Moscow-dominated hub for both... MORE

Russian Inroads Into Central Africa (Part Two)

*To read Part One, please click here.   Beginning in 2019, Russia intensified its outreach to some Central African countries—particularly, the Democratic Republic of the Congo (DRC) and the Republic of the Congo (hereafter, the Congo). Russian interests in the region are premised on a... MORE

COVID-19 Increases Importance of Middle Corridor

Following the large coronavirus outbreak in Iran, neighboring countries quickly closed their borders with the Islamic Republic. More than a thousand Turkish trucks carrying goods to Central Asia found themselves stuck at checkpoints due to the closure of the Iran-Turkey and Iran-Turkmenistan borders (Daily Sabah,... MORE

Coronavirus Crisis Engulfs Russia

Although Russia had time to prepare for the COVID-19 pandemic—the novel coronavirus arrived to Moscow, now the country’s hardest-hit urban center, only in the last week of March—the authorities were nonetheless caught badly unprepared. New infections are increasing by 4,500–6,000 per day; yet, the official... MORE

Georgia Becomes a Priority Recipient of Western Financial Assistance

On April 15, Georgian Prime Minister Giorgi Gakharia briefed journalists that the government had agreed with international donors to allocate $3 billion to stabilize the economy, assist individuals affected by the developing economic crisis, and stimulate business in the post-crisis period (Interpressnews.ge, April 15). Georgia’s... MORE