Latest Articles about Economics

Transformation of Caspian Sea Region Into Energy Hub Gaining Momentum (Part Two)
Executive Summary: The Caspian Sea region looks to become an international energy hub as the European Union seeks alternatives to its energy dependence on Russia through the export of natural gas from littoral Caspian Sea states. Moscow is concerned about the prospect of the Caspian... MORE

Kazakhstan Expands Trade Relations With United States and Europe
Executive Summary: Kazakhstan is looking to bolster trade relations beyond Eurasian Russia to the European Union and the United States partly due to Moscow’s war against Ukraine and sanctions imposed against Russia, limiting economic opportunities. The rich natural resource deposits in Kazakhstan will likely attract... MORE

Ukraine Strengthens National Defense Industry
Executive Summary: The Ukrainian defense industry has production capacities for purchasing, producing, and repairing weapons that exceed the available budget and thus needs more external funding from foreign investors. The strengthening of Ukraine’s domestic defense sector is critical for providing a steady supply of munitions... MORE

Türkiye Demonstrates Increased Interest in BRICS Membership
Executive Summary: In June, Turkish Foreign Minister Hakan Fidan met with Russian President Vladimir Putin to discuss, among other issues, Türkiye’s prospective membership in the loose-economic grouping of BRICS, which Putin “fully supports.” The impetus for BRICS expansion has grown significantly amid Russia’s full-scale invasion... MORE

Kazakhstan and the West Look to Strengthen Rare-Earth Cooperation
Executive Summary: In June, Kazakhstan voiced its plans to declassify data on rare-earth and rare-metal deposits as well as a renewed effort to attract Western investment to mine and process the country’s vast reserves. Russia’s war against Ukraine has exposed the European Union and Western... MORE

Russia Seeks to Maintain Battlefield Initiative on Eve of NATO Summit
Executive Summary: Russian President Vladimir Putin continues to assert that Russia maintains the initiative in its war against Ukraine while facing a deteriorating economy, significant manpower shortages, and strengthened Western solidarity. The growing supply of artillery shells, gradual improvement of Ukraine’s missile defense system, and... MORE

Workforce Shortages Plague Russian Arms Manufacturing
Executive Summary: Russian Deputy Prime Minister Denis Manturov recently claimed that 520,000 workers have been added to the country’s military-industrial complex since the beginning of 2023, though he conceded that the sector is still facing a deficit of 160,000 employees. These estimates, however, misrepresent a... MORE

The State of Ukrainian Air Defense (Part Two)
Executive Summary: Russia’s long war against Ukraine has highlighted the importance of front-line air defense systems as well as the accompanying munitions and reconnaissance/communication capabilities. The proliferation of precision air attack weapons and the unprecedented number of simultaneous air threats have elevated the importance of... MORE

Hungary Defies EU Policy Toward Belarus
Executive Summary: Hungarian Foreign Minister Péter Szijjártó recently visited Belarus to discuss expanding trade amid stringent EU sanctions, cooperating more closely on nuclear energy, and maintaining open lines of communication. Budapest is the only EU capital that recognizes the post-2020 political status quo in Minsk... MORE

Russian Economy Stagnates Amid Claims of Growing Global Influence
Executive Summary: Pro-Kremlin analysts increasingly insist that Moscow is becoming a leader in the next phase of global technological advancement and is moving toward the economy of the future. Some official statistics indicate otherwise. Russian production and technological development still depend heavily on foreign-made machine... MORE