Latest Articles about Economics

The Geo-Economics of the Water Deficit in Crimea

In Russian-occupied Crimea, people are praying with Christian Orthodox priests for rain and snow because the last six months passed by with virtually no precipitation. Because of the dry winter, local reservoirs are now almost empty. Journalists forecast apocalyptic drought scenarios for the peninsula. And... MORE

Russia Steps up Efforts to Dominate Arctic Region

Moscow approved a number of policy decrees on January 30 that de facto establish a foundation for the introduction of a Russian Arctic strategy until 2035 (see EDM, February 11). Russia’s huge expectations for the Arctic region center on the Northern Sea Route (NSR), whose... MORE

Putin Agrees to Major Write-Off of Russia’s Defense Industry Debt

In late December 2019, Russian President Vladimir Putin signed an ukaz (decree) detailing plans to write off a large portion of the debt collectively owed by the country’s defense industrial complex (Oboronnyi Promyshennyi Kompleks—OPK). The details are not publicly available since the ukaz was classified... MORE

The Future of Chinese Foreign Economic Policy Will Challenge U.S. Interests, Part 2: Renminbi Internationalization and International Economic Institutions

Editor’s Note: This is the second part of a two-part article that addresses the ways in which the evolution of China’s internationally-focused economic policies are likely to impact—and in many instances, to clash with—the economic policies and interests of the United States. The first part,... MORE