Latest Articles about Economics
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
Kremlin Provides Financial Support to Stranded and Abandoned Central Asian Migrants
In response to mounting cases of COVID-19 in Russia, President Vladimir Putin signed a decree, on April 17, providing a financial reprieve for the majority of the seven million–eight million foreign migrant workers currently believed to still reside in in the country, with little or... MORE
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