Latest Articles about Economics

Ukraine Leads World in Drone Innovation and Production
Executive Summary: Russia’s war in Ukraine has become the world’s first drone, digital, and cyber war, and resilience, innovation, adaptation, and quick learning has allowed Ukraine to keep one step ahead of Russia. Ukraine is fighting a people’s war, and its military-industrial complex has significantly... MORE

PRC Fertilizer Export Controls Provoke Derisking Abroad
Executive Summary: In June 2024, the People’s Republic of China (PRC) introduced additional restrictions on fertilizer exports, sharply reducing urea exports by 83 percent compared to the previous year. This move aims to stabilize domestic prices and safeguard food security, but has disrupted global fertilizer... MORE

Russia Releases Proposed Military Budget for 2025
Executive Summary: Moscow released the draft proposal for Russia’s federal budget for 2025 and 2026–2027, which shows that the national defense budget will increase significantly from previous years, especially in comparison to the period before its war against Ukraine. For 2023 and 2024, Russia’s military... MORE

Russia Legalizes Cryptocurrency Mining to Circumvent Western Sanctions
Executive Summary: Russian President Vladimir Putin signed a law legalizing cryptocurrency mining in Russia and inaugurated a pilot project for using cryptocurrencies to pay for international trade as a way to circumvent Western sanctions. Russian banks and private interests have also continued to develop Digital... MORE

Belarusian Prisoner Releases Hold Potential to Facilitate Belarus-West Relations
Executive Summary: Since early July, at least 115 political prisoners have been released from Belarusian prisons, raising important questions about the reasons for such decisions and how they might pave the way for a potential reopening of Belarus’s relations with the West. The Belarusian opposition... MORE

Turkmenistan Resumes Work on TAPI Pipeline Despite Geopolitical Hurdles
Executive Summary: Earlier this month, a critical section of the Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline project was inaugurated on the border between Turkmenistan and Afghanistan. The pipeline aims to reshape the energy landscape in Central and South Asia. The primary reason behind the project delays has... MORE

An Assessment of the Audit of Volkswagen’s Controversial Factory in Xinjiang
Executive Summary: A recently leaked copy of the audit of Volkswagen’s much-criticized joint-venture factory in Xinjiang indicates that claims made by Volkswagen inside the report are misleading or false. These include suggestions that the audit applied the SA8000 social accountability standard, followed International Labor Organization... MORE

Moscow Considers Borrowing From Tehran’s Economic Model to Weather Sanctions
Executive Summary: As Russia suffers under Western sanctions, Kremlin propagandists have turned their attention to Iran and advocated studying the Iranian experience of living under sanctions including Iranian scientific innovation and economic development. Russian officials have sung the praises of the Iranian leadership since the... MORE

Two Russian Government Ministers Say Putin’s Russia Running Out of Soviet Resource Reserves
Executive Summary: Russian President Vladimir Putin’s invasion of Ukraine has rapidly turned into a war of attrition. Along with Moscow’s difficulties raising an army and adequately equipping it, Russia is running out of the resource reserves left over from Soviet times. Senior Russian officials are... MORE

Iran Increasing Its Influence in Central Asia With Expanded Trade across Turkmenistan
Executive Summary: Iran and Turkmenistan are rapidly expanding transit routes, enabling Tehran to expand its trade with Russia in support of Moscow’s effort to circumvent Western sanctions and boost its economic links with other Central Asian countries. This route is increasingly important to Russia because... MORE