Latest Articles about Economics
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
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
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
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
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
Russia’s Black Sea Ports in Trouble After Decades of Neglect
When the Soviet Union disintegrated in 1991, Moscow lost many of its commercial ports on the Black Sea to the then-newly independent Ukraine and Georgia. That loss forced Moscow to reroute cargo flows and is one of the reasons that Vladimir Putin attacked Ukraine and... MORE
Could the ‘Norilsk Disaster’ Be the Harbinger of a Looming Catastrophe in the Russian Arctic? (Part One)
On May 29, the Norilsk-based CHPP-3 combined heat and power plant, owned by the Norilsk-Taimyr Energy Company (a member of the Norilsk Nickel Group conglomerate), suffered the loss of a diesel fuel tank, resulting in a spill of approximately 21,000 tons of fuel. The disaster,... MORE
Moscow Views Construction of Canal Across Vistula Spit as Threat to Kaliningrad
The Russian authorities and some environmental groups in Poland and Germany have opposed the digging of a canal across the southern, Polish portion of the Vistula Spit since the idea was first proposed in 2004. But now the project, slated to be complete by 2022,... MORE
Fighting the Battle for the Pandemic Narrative: The PRC White Paper on Its COVID-19 Response
Introduction On June 7, the People’s Republic of China (PRC) State Council Information Office (国务院新闻办公室, Guowuyuan Xinwen Bangongshi) released an official white paper outlining China’s response to the COVID-19 crisis (Xinhua, June 7). As the COVID-19 pandemic continues to evolve, the document, titled Fighting COVID-19... MORE
The COVID-19 Pandemic Boosts Sino-Russian Cooperation
Introduction The immediate impact of the COVID-19 crisis on Sino-Russian relations has been to weaken the social and economic ties between the two states. Similar to circumstances in other countries, their cross-border economic exchanges have abruptly shrunk. The pandemic has also exacerbated xenophobic sentiments in... MORE