Latest Articles about Economics

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

A Thaw Between Tajikistan and Iran, But Challenges Remain
“Welcome to your second homeland,” President Emomali Rahmon told his Iranian counterpart Hassan Rouhani upon his arrival in Tajikistan for the fifth summit of the Conference on Interaction and Confidence Building Measures in Asia (CICA), on June 15 (Radio Ozodi, June 15). The visit comes... MORE

Chinese Regions to Begin Working Directly with Russian Ones
Russians have become increasingly concerned about Chinese economic and even demographic penetration of Siberia and the Russian Far East; but in most cases, Chinese actions have been blessed by Moscow, which sees them as a source of immediate profit regardless of what the longer-term consequences... MORE

China Explores Economic Outreach to U.S. States Via United Front Entities
Introduction Ever since the seeming collapse of U.S.-China trade talks in early May (China Brief, May 29), state media outlets of the People’s Republic of China (PRC) have unleashed a vitriolic campaign to blame the breakdown of the talks on the alleged bad faith of... MORE

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