Latest Articles about Economics
Latvia and the Baltic States Seek Closer Coordination on Relations with China
Introduction—Nordic and Baltic Governments Seek Common Positions for Relations with China On April 1, 2019, a meeting was held between the foreign ministers of the Baltic States and Nordic Countries (Estonia, Latvia, Lithuania, Sweden, Finland, Norway, Denmark and Iceland), or NB8; and of the Visegrád... MORE
Belarus-Russia Integration: No Decision Yet
Despite official declarations to the contrary, June 21 passed by with no joint memorandum on deeper political-economic integration between Belarus and Russia. And while government-linked media outlets in Russia evince equanimity and even satisfaction about how these talks are allegedly progressing, the fact remains that... MORE
Russia’s Stagnation Pushes Kremlin to Renew Pressure on Georgia
A new escalation in the long-running conflict between Russia and Georgia happened almost by chance last week (starting on June 20), but it answered the anxious desire in the Kremlin to move Russia proactively from the path of gradual decline. Russian President Vladimir Putin likely... MORE
Integrating the Eurasian Union and China’s Belt and Road: A Bridge Too Far?
The 23rd St. Petersburg International Economic Forum, which convened on June 6–8, was, as every year, pronounced a huge success by the Russian authorities. Certainly, the 19,000 participants from 145 countries and the 3.1 trillion rubles’ ($49 billion) worth of contracts announced marked new records... MORE
Belarus: Standing out From the Post-Soviet Crowd
Fyodor Lukyanov, Russia’s premier political commentator and the chair of the Council for Foreign and Defense Policy, recently wrote an article titled, “Former [Soviet] Union Republics Enter New Development Phase. And Russia Is Touched by This Process, Too” (Global Affairs, June 13). In the piece,... MORE
What the Return of Oligarch Ihor Kolomoysky Might Mean for Ukraine
Billionaire Ukrainian oligarch Ihor Kolomoysky returned to Ukraine on May 16—his first time back in the country since June 2017, when he had to leave due to an unfolding conflict with then- president Petro Poroshenko over Privatbank (Gordonua.com, May 16). The businessman has well-known ties... MORE
China Moves Toward Becoming Dominant Player on Northern Sea Route
Three developments since early June 2019 call attention to China’s unrelenting efforts to become the dominant player on the Northern Sea Route (NSR)—the increasingly ice-free Arctic waterway along Russia’s northern coast, and the main segment of the longer Northeastern Passage, linking Asia and Europe. First,... MORE
‘Icebreaker Diplomacy’: Russia’s New-Old Strategy to Dominate the Arctic
Russia’s Baltic Shipyard (St. Petersburg) held a grand ceremony, on May 25, to celebrate the launching of the nuclear-powered Project 22220 (LK-60Ya) icebreaker Ural (Geoenergetika.ru, May 27, 2019). Following the festivities, Russian Central Bank head Elvira Nabiullina stated that the event would be further commemorated... MORE
Two Responses to Fears of Belarus’s Integration Into Russia
Belarus’s location between Russia and the collective West is not a consequence of political considerations—it is a fact of geography. Likewise, the cultural proximity between Belarusians and Russians represents another objective reality, encouraging at least some Russian elites to entertain ideas of ever “tighter integration”... MORE
Russian Economic Forum—All About China
The annual St. Petersburg International Economic Forum was held last week (June 6–8) with the usual pomp and spin. But the traditional goal of attracting Western investments was clearly replaced with an urge to advertise the strength of ties between Russia and China. President Xi... MORE