Latest Articles about Economics

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

Realism and Positive Thinking, Belarusian Style
Two texts on issues of existential importance for Belarus appeared at the end of May. The author of the first is Sergei Lepin, an archpriest of the Russian Orthodox Church’s Belarusian exarchate (regional entity) and a chairperson of its Information Department. On several occasions in... MORE

Russian-Chinese Military Alliance in the Arctic: An (Im)Possible Prospect?
Speaking at the 11th Arctic Council Ministerial meeting in Rovaniemi, Finland, on May 7, US Secretary of State Michael Pompeo warned that the pattern of aggressive Chinese behavior in other regions may give important indications to how China will act in the Arctic (Rambler.ru, May... MORE

Azerbaijan and China Sign $800 Million Economic Package: The Geo-Economic Implications
Azerbaijan’s participation in the second Belt and Road Forum for International Cooperation, which took place in Beijing, on April 25–28, proved successful for Baku, having resulted in a number of important new, non-oil-sector investment projects in the South Caucasus country. Specifically, during the Forum, Azerbaijani... MORE

Serbia: Looking West, Going East
Serbia is preparing to sign a free trade agreement with the Russian-led Eurasian Economic Union (EEU) in October, hoping to gain access to a market of 180 million people. At the same time, the Western Balkan country’s accession negotiations with the world’s largest trading bloc,... MORE