Latest Articles about Economics
A Year in Review: Nazarbayev Steps Down From Kazakhstani Presidency but Retains Control
Unlike previous periods, 2019 was a single-issue year for Kazakhstan, Central Asia’s largest economy and the second-biggest exporter of hydrocarbons in the former Soviet space behind Russia. The country is also a security linchpin in a landlocked region lying between the Caspian Sea to the... MORE
Can Belarus Ever Overcome the Pull of Russia?
On January 21, media outlets reported that Belarus had purchased 80,000 tons of crude oil from Norway (Tut.by, January 21, 2020). A Norwegian tanker delivered this oil to the Lithuanian port of Klaipeda, from where it will proceed by rail to Naftan, one of two... MORE
The Future of Chinese Foreign Economic Policy Will Challenge U.S. Interests, Part 1: The Belt-and-Road Initiative and the Middle Income Trap
Editor’s Note: This is the first part of a two-part article that addresses the ways in which the evolution of China’s internationally-focused economic policies are likely to impact—and in many instances, to clash with—the economic policies and interests of the United States. This first part... MORE
Implications of the Government Reshuffle for Russia’s Oil and Gas Sector
President Vladimir Putin’s surprise cabinet reshuffle at the start of the year (see EDM, January 16, 2020) raised at least two important questions pertaining to the Russian hydrocarbon sector: who would be named the next energy minister, and what policies the new government would pursue... MORE
Russian-Ukrainian Gas Transit Deal: A Collapse of Putin’s Gas Strategy or a Temporary Retreat? (Part One)
On January 1, the Gas Transmission System Operator of Ukraine (GTSOU) LLC began transporting Russian natural gas to Europe under a new five-year transit agreement (Gordonua.com, January 1, 2020). This contract (consistent with European Union regulations) was signed by representatives of the Ukrainian energy firm... MORE
The Ukrainian Economy in 2020: A Difficult Road Ahead
The start of 2020 in Kyiv was initially thought to be a triumphant one. The last weeks of 2019 brought some de-escalation in the war in Donbas (EADaily, December 30, 2019), new hopes for peace and, importantly, formidable economic successes. Notably, the United States adopted... MORE
Amid Economic Pressure, Moldova’s Pro-Russian Government Looks for Alternatives
The Moldovan government, controlled by pro-Russian President Igor Dodon, is starting the new year with major economic concerns. A key agenda for officials is to ensure Dodon’s victory in the presidential elections, to be conducted at the end of 2020. To achieve this goal, the... MORE
A Year in Review: Elite Change Brings Glimmer of Hope to Ukraine in 2019
For Ukraine, the year 2019 was full of sweeping changes. The elite that came to power in the wake of the anti-establishment Maidan uprising in 2014 was swept away in elections won by political amateurs. Volodymyr Zelenskyy, a former comedian, and his team of young... MORE
China’s 2020 Economic Agenda: Maintaining Stability Amid Flux
Introduction China’s top annual economic policy gathering, the Central Economic Work Conference (中央经济工作会议, Zhongyang jingji gongzuo huiyi), or CEWC, was held between December 10 and 12 in Beijing. This year’s CEWC focused on the theme of “achieving developmental progress on the basis of first ensuring... MORE
The Yandex Affair: Insider Trading and Institutionalized State Control
One of the most commented developments in Russian business news this past November was the reported attempt to “nationalize” one of the country’s largest high-technology companies, Yandex. Russia’s leading search engine, Yandex holds 51 percent of the domestic market share in its category and is... MORE