Latest Articles about Economics

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

China’s Other Viral Crisis: African Swine Fever and the State Effort to Stabilize Pork Prices
Introduction Since January, much of the international news coverage surrounding the People’s Republic of China (PRC) has been dominated by the story of the COVID-19 outbreak—a previously unknown coronavirus that first manifested in the central Chinese city of Wuhan in early December, and which has... MORE

Kalmyk Port and Canal Threaten to Upend Power Relations in North Caucasus
The southwestern Russian Republic of Kalmykia has long hoped to become a major player on the Caspian, which it argues could be achievable with the construction of a new port on that inland sea along with a new canal from there to the Sea of... MORE

The Geo-Economics of the Water Deficit in Crimea
In Russian-occupied Crimea, people are praying with Christian Orthodox priests for rain and snow because the last six months passed by with virtually no precipitation. Because of the dry winter, local reservoirs are now almost empty. Journalists forecast apocalyptic drought scenarios for the peninsula. And... MORE

Economic Doldrums for Belarus, or a Possible End to the Price War With Russia?
The Belarusian economy has begun to sustain losses due to the disruption of Russian oil supplies. Whereas the country’s gross domestic product grew 1.2 percent in 2019 (annual growth), in January 2020, it was 1.9 percent lower than in January 2019. The government had predicted... MORE