Latest Articles about Economics

Russians Grapple With Oil Price War at a Time of Pandemic
The timing could not have been worse for Russia to provoke a spat with Saudi Arabia over oil production quotas in early March. Moscow’s decision to withdraw from the OPEC+ agreement restricting oil production in order to maintain higher oil prices triggered a harsh reaction... MORE

Belarus’s Geopolitical Loneliness
The veil of uncertainty (see EDM, March 17) surrounding Belarus’s short- to medium-term socio-economic prospects continues to thicken. Alexander Chubrik, a reputable economist, writes about the Four Horsemen of the Apocalypse who have arrived in Belarus at the same time (Tut.by, March 16). They represent... MORE

Collateral Damage: Azerbaijan and Central Asia Are Caught in Russia’s Oil War
As the novel coronavirus responsible for the COVID-19 pandemic continued to spread across the Eurasian landmass and beyond, the energy-producing states of the South Caucasus and Central Asia were dealt a separate, serious economic blow by Russia. Specifically, Russia’s decision to pull out of the... MORE

Uzbekistan Temporarily Chooses Observer Status Instead of Full Membership in Eurasian Union
On March 6, 2020, the Cabinet of Ministers of Uzbekistan approved the decision to apply for observer status with the Russian-led Eurasian Economic Union (EEU) (Kun.uz, March 7). The move brings to a close months of speculation about whether Tashkent would end previous president Islam... MORE

Russia Sinks Into Economic Quicksand
Russian President Vladimir Putin’s much-publicized series of interviews with the official TASS news agency was suddenly interrupted during the third week of March 2020. The pre-recorded interviews, which heretofore received priority coverage across state media, focus on Putin’s achievements during the last two decades of... MORE

Kremlin Under Siege From Simultaneous Health, Economic Crises
On January 15, 2020, as Russia slowly emerged from its prolonged New Year’s and Orthodox Christmas holidays, President Vladimir Putin suddenly announced a series of constitutional changes. The same day, Putin reshuffled his government, replacing his long-serving loyal prime minister and former president, Dmitry Medvedev,... MORE

Economic Issues and Political Grievances May Revive Russia’s Ethnic Fault Lines in the North Caucasus
According to a report by a Russian credit rating agency affiliated with RBK media holding, 62 of Russia’s 83 regions (this total excludes the illegally annexed Crimea and Sevastopol, which Moscow considers its 84th and 85th federal subjects) are likely to deplete their financial reserves... MORE

Belarus Navigates a Time of Uncertainty
“Utmost uncertainty” is perhaps the most fitting label summarizing the current situation in Belarus. Against the backdrop of a possible recession, international oil prices plummeted on March 9, in the wake of Russia’s decision to pull out of the so-called OPEC+ agreement with Saudi Arabia,... MORE

The Illicit Wildlife Trade in China and the State Response Following the Coronavirus Outbreak
Introduction Since the outbreak of the COVID-19 coronavirus (新型冠状病毒, xinxing guanzhuang bingdu) in the People’s Republic of China (PRC), wildlife trade and consumption have become a top issue in the country. The disease, which has caused 3,215 deaths in China and over 6,500 total deaths... MORE

Disposing of “Zombies”: Why the Reform of Non-Performing State-Owned Enterprises Has Gotten Even Harder
Introduction Normally at this time of year, the Chinese Communist Party (CCP) and the People’s Republic of China (PRC) government would be holding the large plenary meetings known as the “Two Sessions” (两会, lianghui). China watchers would be monitoring these meetings to assess whether and... MORE