Latest Articles about Economics
Russian Inroads Into Central Africa (Part One)
The Russia-Africa Summit and Economic Forum, held in Sochi on October 23–24, 2019 (see EDM, October 28, 2019), reaffirmed Russia’s growing interest in Central Africa. Among the countries comprising this region, two—the Democratic Republic of the Congo (DRC) and the Republic of the Congo—received the... MORE
Adygea’s Government Tries to Weather Pandemic-Related Crisis Hitting North Caucasus
The Russian Federation’s North Caucasus republics are now being directly affected by the double crisis connected to the spread of COVID-19 and the slump in global oil prices. The individual republics are facing both crises in profoundly diverse social and economic conditions, however. Most of... MORE
EU Emerges as Leading Donor for Partnership Countries in Fighting COVID-19 Pandemic and its Economic Consequences
On March 30, the European Union announced it would provide substantial support to the six Eastern Partnership (EaP) countries—Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine—to mitigate the health and socio-economic consequences of the COVID-19 pandemic (Ec.europa.eu, March 30). About a week later, additional details of... MORE
Russia Accepts and Emulates China’s Coronavirus Propaganda
After a delayed start, Russia is now being hit by the COVID-19 outbreak with devastating force; yet, it has only praise for China’s policy of containing the disease, despite the obvious fact that this containment failed to prevent a local outbreak in Wuhan from becoming... MORE
Azerbaijan Hopes to Minimize Ramifications of Coronavirus Crisis
Thanks to having quickly adopted strict countermeasures, Azerbaijan, so far, appears to have succeeded in flattening the curve of new COVID-19 infections and slowing the domestic spread of the novel coronavirus responsible for this disease. As of April 14, 1,197 persons tested positive, 351 persons... MORE
Revival of Ukrainian Space Sector: A Viable New Prospect?
On March 12, the Dnipropetrovsk Regional State Administration hosted a retreat session of the Ukrainian parliament’s Committee on Economic Development. The main subject on the lawmakers’ agenda was the prospects of reviving the Ukrainian rocket industry as well as launching a national space program. Dnipro—nicknamed... MORE
Russian Oil Bluff Is Called, and Economic Losses Keep Mounting
News about a new deal on oil production cuts, agreed between Russia and the Organization of the Petroleum Exporting Countries (OPEC) and then augmented by the communique of the G20 energy minsters last Friday (April 10), had been expected; as such, the developments made little... MORE
The China-Myanmar Economic Corridor: Delays Ahead
Introduction Although no new deals were struck during People’s Republic of China (PRC) President Xi Jinping’s trip to Myanmar on January 17 and 18, the visit was significant for several reasons. The visit was the first by a PRC president to Myanmar in 19 years,... MORE
The COVID-19 Pandemic Starts to Have Its Toll on the North Caucasus
COVID-19 has now started to spread to Russia’s North Caucasus republics, and regional authorities have been scrambling to mobilize scant resources to stave off the pandemic. As of March 30, officials confirmed infections in Adygea, Chechnya, Kabardino-Balkaria, as well as Krasnodar and Stavropol regions. The... MORE
With Ever More Flights Canceled, Many Parts of Russia Isolated
In mid-March, the Russian media was celebrating the fact that air service had been restored to a part of rural Chukotka Autonomous Okrug, a federal subject in the Russian Far East, that had not seen any civilian planes for 25 years. Since then, however, many... MORE