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
Putin’s Gulf Visit Yields Three Energy Deals, Sets Stage for More
Russian President Vladimir Putin pried loose a couple of energy investment deals from Saudi Arabia on his latest visit to the region, on October 14 and 15 (TASS, Kommersant, October 14), but their total value reached only hundreds of millions of dollars, not the billions... 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
The Kremlin’s Two-Pronged Approach in Africa Ahead of the Russia-Africa Summit
The Russia-Africa Summit and Economic Forum (Interaffairs.ru, October 17), to be held in Sochi, on October 23–24, is expected to become a regular event of huge importance for Moscow (Summitafrica.ru, accessed October 21). In many ways, this Summit is viewed by the Russian side as... 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