Latest Articles about Economics
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
Azerbaijan Eyes More Cooperation With China Within Belt and Road Initiative
On April 24, Azerbaijani President Ilham Aliyev arrived in China to attend the second Belt and Road Forum for International Cooperation (Report.az, April 24). This was Aliyev’s second official visit to the world’s most populous country, since 2015. In light of growing Chinese involvement in... MORE
One Year After Armenia’s ‘Velvet Revolution’: The Plans and Challenges Ahead
One year ago, in April 2018, a quasi-authoritarian regime collapsed as a result of a nationwide protest movement in Armenia labeled the “Velvet Revolution” (see EDM, April 23, 2018). And the following December, the first non-fraudulent election in 20 years secured a comfortable parliamentary majority... MORE
Belarus Builds Relations With Turkey as Russian Ambassador to Minsk Comes Under Fire
Last week, Belarus’s President Alyaksandr Lukashenka’s visited Turkey (April 16) and, three days later, delivered his annual report to the parliament and the Belarusian people (April 19). Following negotiations with his Turkish counterpart, President Recep Tayyip Erdoğan, Lukashenka pledged to boost bilateral trade from $1... MORE
Banking Corruption Scandals in the Baltics Spill Over Into Scandinavia
Financial corruption scandals are not a novel phenomenon in the Baltic States. Multiple Baltic banks have repeatedly been implicated in money laundering schemes involving politicians and businessmen from Russia and other former Soviet countries. But what is notable about the latest wave of revelations is... MORE
Russian Proxy Diplomacy in Syria: Crimea and Sevastopol
As the war in Syria appears to wind down, the Kremlin is shifting its focus to rebuilding the country and reestablishing social order there based on Russia’s vision and interests. Importantly, Moscow is evidently transferring the responsibility for this effort down to the level of... MORE