Latest Articles about Economics
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New Public Demarche by Lukashenka
Belarusian President Alyaksandr Lukashenka took part in the summit of the Eurasian Economic Union (EEU) in St. Petersburg, Russia, on December 6. During the televised segment of the meeting, Lukashenka launched into a diatribe against unequal natural gas prices that undermine the entire idea of... MORE
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Flawed ‘Strategic Partnership’: Putin’s Optimism on China Faces Harsh Reality
During the annual VTB Capital Investment Forum “Russia Calling!” on November 28, President Vladimir Putin called the frictions between Beijing and Washington a “window of opportunity” for Russia to achieve a qualitatively new level of bilateral economic relations with China (RBC, November 28). The following... MORE
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Russia Fruitlessly Prepares for New Sanctions
Last Friday (December 7), Lithuania became the first country to impose new sanctions against Russia for its forceful and illegitimate action against three Ukrainian ships in the Kerch Strait on November 25 (RBC, December 7). This naval skirmish (see EDM, November 26, 28, 29) was... MORE
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Ukraine Increases Trade With China at Russia’s Expense
In line with China’s continuing westward economic expansion, it may launch free trade talks with Ukraine. Stepan Kubiv, Ukraine’s economy minister, coming back from a visit to China where he met Chinese Vice Premier Liu He last month, said Ukraine asked China to start consultations... MORE
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Russian Navy Suffers Another Blow as Aircraft Carrier Is Damaged While Undergoing Repairs
Russia’s sole aircraft carrier, the Admiral Kuznetsov, suffered another mishap while undergoing overhaul work (capitalny remont) at a dockyard in Roslyakovo, near Murmansk. The Kuznetsov was being renovated while moored inside floating dock PD-50—the biggest such dock in Russia and one of the largest in... MORE
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Lithuania’s Expectations From the Three Seas Initiative
The president of the Republic of Lithuania, Dalia Grybauskaitė, joined her counterparts from across Central-Eastern Europe to attend a summit of the Three Seas Initiatives (3SI) in Bucharest, Romania, on September 17–18. At this grouping’s latest top-level meeting, the 12 participating leaders from the Baltic,... MORE
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Russia’s Domestic Airline Sector on the Brink of Complete Collapse
A series of Russian policies have already led several of the country’s regional airline carriers to go out of business and threaten to shutter even more. Specifically, Moscow has ended most subsidies to air carriers, closed the vast majority of regional airports, raised fares, and... MORE
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Russia Sanctions not Spurring Domestic Rally-Around-the-Flag Effect
Russian propaganda excels at shifting the blame for every one of the country’s problems—even those caused by bad luck, devastating mismanagement, or natural causes—on to the purported main source of all disasters in the world, the United States. In the first hours after the deadly... MORE
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Failed Space Launch Illuminates Russia’s Multiplying Misfortunes
The booster malfunction in the third minute of the Soyuz MC-10 rocket launch last Thursday (October 11) avoided tragedy. Though they did not reach orbit, Cosmonaut Aleksei Ovchinin and astronaut Nick Hague landed safely on the ground (TASS, October 11). But it certainly represented another... MORE
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Western Sanctions Against Russia Leave Kazakhstan Exposed
Relations between the United States and Russia have continued to deteriorate in 2017 and 2018. In August 2017, US President Donald Trump signed into law a new bill called Countering America’s Adversaries Through Sanctions Act (CAATSA), which extended the post-2014 Ukraine sanctions and enlarged their... MORE