Latest Articles about Economics
China’s Growing Interest in Ukraine: A Window of Opportunity or a Point of Concern?
During his recent visit to Ukraine, on August 28, United States National Security Advisor John R. Bolton forcefully argued against Kyiv permitting the selling of a controlling stake in Motor Sich—one of the world’s largest manufacturers of advanced engines for civil and military airplanes and... MORE
Looking Beyond Commodities Exports: China Increases its Engagement with Brazil
Introduction In June 2019, the People’s Republic of China (PRC) scored a victory in its relationship with Brazil when it gained the latter country’s support for the PRC’s candidate to lead the United Nations Food and Agriculture Organization (FAO), over candidates put forward by France... MORE
Kalmykia Seeks to Be a Player on the Caspian with New Port
The Caspian Sea littoral countries are not the only entities involved in the competition over the use of that body of water and its links to the broader world: federal subjects of the Russian Federation are seeking to be players as well. Notably, Astrakhan region... MORE
Uzbekistan Increasingly Turns to China for Development Loans
The Uzbekistan-China Intergovernmental Cooperation Committee held its fifth meeting on August 26, in Beijing. Uzbekistan’s committee co-chair, Prime Minister Abdulla Aripov, led his country’s delegation to the Chinese capital (Fmprc.gov.cn, August 28). The intergovernmental committee has been a regular and consistent biannual fixture in the... MORE
Moscow Worried About Chinese Dominance of Northern Sea Route
For years, Moscow had expected that it could dominate the Northern Sea Route and access to the rich natural resources on the Arctic seabed by virtue of its geographic position and its possession of the largest fleet of icebreakers in the world—assets that are absolutely... MORE
China’s Future Naval Base in Cambodia and the Implications for India
Introduction At the 2019 Shangri-La Dialogue in Singapore, People’s Republic of China (PRC) Defense Minister Wei Fenghe dismissed a question on whether the PRC is seeking a future military presence in Cambodia (VOA Cambodia, June 3). This question arose following an assessment by the U.S.... MORE
Uzbekistan Faces Mounting Economic Costs From Staying out of Russian-Led Eurasian Union
During his address to the 20th Plenary Session of Uzbekistan’s Senate, on June 21, President Shavkat Mirziyoyev expressed fears that the country’s manufacturers could face increasing difficulties accessing their traditional export markets. His suggested solution, to join the Eurasian Economic Union (EEU—the Russian-dominated regional trade... MORE
Kremlin Moves in Africa Open a New Round in Russia’s Broader Cold War Against the West
Russia is back in Africa after a nearly-two-decade-long hiatus (see EDM, June 14, 2018; September 4, 2018; November 6, 2018). In some respects, contemporary Moscow is pursuing the same goals of securing political allies that the Soviet government had. Yet, the Russian government is simultaneously... MORE
High-Profile Arrest Is Latest Sign of Dysfunction in Russian Refinery Sector
Russia’s largest independent oil refiner, New Stream, recently emerged from financial devastation to resume operations. But multi-million-dollar fraud charges against its former board chair underscore the problems in an industry reeling from decrepit facilities and a new, profit-gutting tax code. At the same time, the... MORE
Domestic and International Considerations Hamper Development of Russo-Chinese Rail Links
The common desire of Moscow and Beijing to develop railways linking Asia with Europe is not making as much progress as the two parties had hoped or as many had expected. This is due in part to international concerns involving third countries, including the Central... MORE