Latest Articles about Economics
Azerbaijan and China Sign $800 Million Economic Package: The Geo-Economic Implications
Azerbaijan’s participation in the second Belt and Road Forum for International Cooperation, which took place in Beijing, on April 25–28, proved successful for Baku, having resulted in a number of important new, non-oil-sector investment projects in the South Caucasus country. Specifically, during the Forum, Azerbaijani... MORE
Serbia: Looking West, Going East
Serbia is preparing to sign a free trade agreement with the Russian-led Eurasian Economic Union (EEU) in October, hoping to gain access to a market of 180 million people. At the same time, the Western Balkan country’s accession negotiations with the world’s largest trading bloc,... MORE
What Derailed the U.S.-China Trade Talks?
Introduction: The U.S.-China “Trade War” Since Early 2018 For over a year, the United States and the People’s Republic of China (PRC) have been engaged in a contentious trade dispute initiated by the Trump Administration over a host of alleged unfair Chinese trading practices: ranging... MORE
The “16+1” Becomes the “17+1”: Greece Joins China’s Dwindling Cooperation Framework in Central and Eastern Europe
Introduction: China’s (Junior) European Partners in the “16+1” On the heels of People’s Republic of China (PRC) President Xi Jinping’s busy bilateral tour in Western Europe in March, PRC Premier Li Keqiang started his own multilateral tour in Eastern Europe in April. Designed primarily to... MORE
Russia Eyes Joining BTK Railway Across South Caucasus
Representatives of Turkish, Azerbaijani and Russian railways inked a cooperation memorandum on May 6, 2019, in Ankara, to leverage the potential of the Baku–Tbilisi–Kars (BTK) railway and increase the volume of freight carried along the route (Azertag.az, May 6). “The tripartite cooperation will boost the... MORE
Baltic Pipe to Cut Poland’s Gas Dependence on Russia
April 2019 saw a flurry of activity around the Baltic Pipe infrastructure project set to connect Poland and Denmark. The pipeline, which will carry around 10 billion cubic meters (bcm) of natural gas from the North Sea to Poland and further to the Baltic States, is... MORE
United Front Work by Other Means: China’s “Economic Diplomacy” in Central and Eastern Europe
Introduction—A New Approach to United Front Work in Central and Eastern Europe In the era of Chinese Communist Party (CCP) General Secretary Xi Jinping, “united front work” (tongyi zhanxian gongzuo, 统一战线工作) has taken on greater significance and a global scale (China Brief, April 24, 2018;... MORE
Nord Stream Two Company Threatens to Sue the European Commission
The European Commission and its president, Jean-Claude Juncker, are bracing for a May 13 deadline, presented to them on April 12 in a quasi-ultimatum form by Nord Stream Two project company CEO, Matthias Warnig (112.international, April 23). On the company’s behalf, Warnig threatens to sue... MORE
Novatek May Be Carving Out a Bigger Role in Russian Energy Diplomacy
Russia’s second-largest natural gas producer, Novatek, which captured the largest share of the liquefied natural gas (LNG) market in Europe in the first quarter of 2019, has sold 20 percent of its planned Arctic 2 LNG project to China (Novatek.ru, April 25). The stake went... MORE
Immigration Collapse Undermines Kremlin Hopes to Recover Russia’s Dominance in Former Soviet Space
The Kremlin is losing the most important “weapon” in its campaign to restore a semblance of Moscow’s former empire in the post-Soviet space. According to Russian commentator Semyon Novoprudky, that weapon is the economic dependence of many post-Soviet countries on the Russian labor market (Spektr.press,... MORE