Latest Articles about Economics

Workforce Shortages Plague Russian Arms Manufacturing

Executive Summary: Russian Deputy Prime Minister Denis Manturov recently claimed that 520,000 workers have been added to the country’s military-industrial complex since the beginning of 2023, though he conceded that the sector is still facing a deficit of 160,000 employees. These estimates, however, misrepresent a... MORE

The State of Ukrainian Air Defense (Part Two)

Executive Summary: Russia’s long war against Ukraine has highlighted the importance of front-line air defense systems as well as the accompanying munitions and reconnaissance/communication capabilities. The proliferation of precision air attack weapons and the unprecedented number of simultaneous air threats have elevated the importance of... MORE

Hungary Defies EU Policy Toward Belarus

Executive Summary: Hungarian Foreign Minister Péter Szijjártó recently visited Belarus to discuss expanding trade amid stringent EU sanctions, cooperating more closely on nuclear energy, and maintaining open lines of communication. Budapest is the only EU capital that recognizes the post-2020 political status quo in Minsk... MORE

Russian Economy Stagnates Amid Claims of Growing Global Influence

Executive Summary: Pro-Kremlin analysts increasingly insist that Moscow is becoming a leader in the next phase of global technological advancement and is moving toward the economy of the future. Some official statistics indicate otherwise. Russian production and technological development still depend heavily on foreign-made machine... MORE

Türkiye Strengthens Pivot Toward China

Executive Summary: Turkish Foreign Minister Hakan Fidan’s visit to Xinjiang underscores an expanding partnership with China, signaling a shift in Türkiye’s approach to the Uyghur issue and demonstrating a renewed focus on strengthening bilateral ties. Ankara seeks greater Chinese investment and a reduction in their trade imbalance amid severe economic struggles... MORE

Uzbekistan to Increase Rare-Earth Production

Executive Summary: Uzbekistan’s President Shavkat Mirziyoyev has emphasized the development of the country’s rare-earth mining sector as a primary goal of his government due to the country’s massive reserves. Uzbekistan has begun to work with the European Union, United States, and United Kingdom to develop... MORE

Hong Kong’s Ambitious And Difficult Cryptocurrency Foray

Executive Summary: Hong Kong’s Securities and Futures Commission (SFC) announced that 11 cryptocurrency exchanges are close to being licensed to operate in the city, aiming to establish Hong Kong as a leading digital assets hub. However, 12 exchanges did not advance in the licensing process,... MORE