Latest Articles about Economics

Wave of Optimism Sweeps Through Ukrainian Economy

While international financial organizations have been warning about a global economic slowdown and revising growth forecasts downwards, Ukraine has been among the few economies for which forecasts were revised upward recently. The World Bank (WB) now expects that Ukraine will grow by 3.4 percent this... MORE

Putin Sees Africa as a Battleground Against the West

President Vladimir Putin views Africa not as an end in itself, even when he and Russia obviously benefit directly (Rosbalt, January 19; see EDM, October 15), but rather as a battlefield in his renewed cold war against the West. This Soviet-style approach contains within it... MORE

Russia Proposes to Build Nuclear Power Plant in Azerbaijan

On October 3, Azerbaijani President Ilham Aliyev paid an official visit to Russia to attend the 16th annual meeting of the Valdai International Discussion Club, in Sochi (President.az, October 3). Aliyev’s speech at the high-level event touched on multiple topics, including Azerbaijan’s partnership with Russia,... MORE

Moscow Proposes Grain Exporters Cartel

On October 5, Russian Deputy Prime Minister Alexei Gordeev, who oversees the agricultural sector (and served as the minister for agriculture from 1999 to 2009), curiously proposed creating an organization of the world’s top grain-exporting countries (TASS, October 5), which immediately earned the nickname “Grain... MORE

Russia Prepares a Foothold in Mozambique: Risks and Opportunities

Portuguese military journalist Nuno Felix tweeted, on September 8, that a group of Russian military personnel—not private military company (PMC) employees—had landed at the Nacala Airport, in Mozambique. The journalist claimed this information came “from a credible local military source” (Twitter.com/Felix_Nuno, September 8). A month... MORE

Sweep of Putin’s African Ambitions Coming into Sharp Focus

Last January, Rosbalt commentator Aleksandr Zhelenin suggested it was a mistake to try to find some “grand political design” in Russia’s deepening involvement in Africa. The explanation for what has been occurring, he said, is “both simpler and more disturbing”: it is a reflection of... MORE

Russia Claims Uzbekistan Will Soon Join Eurasian Union

On October 2, while on an official visit to Tashkent, the chairperson of Russia’s Federation Council (upper chamber of parliament), Valentina Matviyenko, unexpectedly announced Uzbekistan’s supposed intention to join the Moscow-led Eurasian Economic Union (EEU) (RIA News, October 2). Days later, another Russian politician, Farid Mukhamedshin,... MORE

Sevastopol Port in Russian-Occupied Crimea Near Bankruptcy

An old Soviet joke had it that if Saudi Arabia ever became communist, Riyadh would be importing sand within five years. The situation around the once-prosperous Ukrainian port in Sevastopol suggests a similar dynamic: if the Russians occupy something, as they have in Crimea, it... MORE