Latest Articles about Economics
Looking Beyond China: Asian Actors in the Russian Arctic (Part One)
Among the non-Arctic states seeking partnership with Russia as a means to increase their presence in the northern polar region, China has become by far the most visible player (see EDM, May 20, 2019). Yet, other emerging actors—India and Japan—should be noted. On January 14,... MORE
COVID-19 Is Overwhelming Doctors and Economies in the North Caucasus
With nearly 2,000 officially confirmed COVID-19 cases, the Republic of Dagestan is currently the most badly hit territory in the North Caucasus. Furthermore, the republic has the fifth-largest number of cases in the Russian Federation. Some Dagestani municipalities report that they cannot cope with the... MORE
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
“State Companies Advance and Private Firms Retreat” in China’s Bid to Resuscitate the Economy
Introduction: Beijing’s Plans for Stimulus Spending and “Six Stabilizations” After the bombshell announcement that the Chinese economy contracted by an unprecedented 6.8 percent in the first quarter of this year, the Xi Jinping administration has vowed to do whatever it takes to resuscitate growth and... MORE
Global Supply Chains, Economic Decoupling, and U.S.-China Relations, Part 2: The View from the People’s Republic of China
Editor’s Note: Our April 1 issue contained the first part of this article series (Global Supply Chains, Economic Decoupling, and U.S.-China Relations, Part 1: The View from the United States), which focused on the issues and policy debates in America surrounding the prospects for U.S.-China... 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