Latest Articles about Economics

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 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

Russia Steps up Efforts to Dominate Arctic Region

Moscow approved a number of policy decrees on January 30 that de facto establish a foundation for the introduction of a Russian Arctic strategy until 2035 (see EDM, February 11). Russia’s huge expectations for the Arctic region center on the Northern Sea Route (NSR), whose... MORE

Putin Agrees to Major Write-Off of Russia’s Defense Industry Debt

In late December 2019, Russian President Vladimir Putin signed an ukaz (decree) detailing plans to write off a large portion of the debt collectively owed by the country’s defense industrial complex (Oboronnyi Promyshennyi Kompleks—OPK). The details are not publicly available since the ukaz was classified... MORE