Latest Articles about Economics
The Standoff Over the Myitsone Dam Project in Myanmar: Advantage China
Introduction—China’s Stalled Dam Project in Myanmar On January 12th, the Embassy of the People’s Republic of China (PRC) in Myanmar issued a statement warning Myanmar that if it failed to resolve the dispute over the stalled Myitsone Hydropower Dam project in Myanmar’s northern state of... MORE
Gazprom Restarts Imports From Turkmenistan After a Long Halt (Part One)
On April 15, Gazprom resumed imports of natural gas from Turkmenistan to Russia via the Central Asia–Center pipeline system, after a complete halt of more than three years (Gazprom.com, Oilgas.gov.tm, April 15). The resumption follows three rounds of negotiations by Gazprom’s CEO, Aleksei Miller, with... MORE
Gazprom Resumes Imports of Turkmen Gas After Three-Year Break
The spokesperson for Gazprom, Sergey Kupriyanov, stated, on April 15, that the company had resumed gas imports from Turkmenistan (News Central Asia, April 16). His announcement was immediately confirmed by a statement from TurkmenGaz, Turkmenistan’s state natural gas company (Oilgas.gov.tm, April 15). Discussion on the... MORE
Role of Cryptocurrencies in Financing Russia’s ‘Hybrid’ Wars
Myrotvorets, a controversial independent Ukrainian website that claims to track persons threatening Ukraine’s security, has called on the authorities in Kyiv to investigate Russia’s alleged use of cryptocurrencies (via the WEX digital currency exchange platform) to fund subversive activities potentially in support of one of... MORE
In ‘Great Game Lite,’ Russia and China Compete for Influence in Kyrgyzstan
The political vacuum that emerged across Eurasia after the collapse of the Soviet Union in 1991 saw Russia’s former suzerainty over the former Soviet space contested by both the United States and China in a new and modified version of the “Great Game.” But today,... MORE
New Caspian–Black Sea Transit Corridor Boosts Geostrategic Importance of South Caucasus
On March 4, Romania, Azerbaijan, Georgia and Turkmenistan held a ministerial meeting in Bucharest—the first such quadripartite gathering for these governments. During this meeting of their foreign ministers, the parties issued a joint statement reaffirming mutual respect for each other’s sovereignty, territorial integrity and inviolability... MORE
Gazprom’s Surprise Acknowledgement of Tough Competition from US LNG
A high-ranking Gazprom official has admitted for the first time that liquefied natural gas (LNG) exports from the United States have negatively impacted the Russian state-owned energy giant’s sales. Gazprom exported a record volume of gas to Europe in 2018, increasing its market share on... MORE
Fragile Azerbaijani-Armenian Peace Talks Under Pressure From Bellicose Rhetoric
Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan held their fourth—although first “formal”—meeting, in Vienna, Austria, on March 29. The statement (Osce.com, March 29) following their talks, which were facilitated by the Organization for Security and Cooperation in Europe’s (OSCE) Minsk Group, highlighted... MORE
Import Substitution in Russia Failing as Moscow Buys Products Not Technologies
Vladimir Putin’s much-publicized program to promote import substitution is failing. Indeed, Russia may be in worse shape now than it was a decade ago as sanctions and declining earnings from the sale of raw materials leave the central government with less money to spend. Moreover,... MORE
Economic Themes from the National People’s Congress Illustrate CCP Concerns for Social Stability
Introduction This month, the National People’s Congress (Quanguo Renmin Daibiao Dahui, 全国人民代表大会), or NPC, and the Chinese People’s Political Consultative Conference (Zhongguo Renmin Zhengzhi Xieshang Huiyi, 中国人民政治协商会议) convened concurrently in Beijing. Collectively known as the “Two Sessions” (Lianghui, 两会), the annual meetings of these bodies—normally... MORE