Latest Articles about Economics
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Has the Scare in Moscow Over the US ‘Kremlin List’ Evaporated?
The paramount news in Moscow last week was the United States Department of the Treasury’s release of the long-expected report on senior Russian political figures and oligarchs—the so-called “Kremlin List” (see EDM, February 1). The list was mandated by the Countering America’s Adversaries Through Sanctions... MORE
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Defense Spending Keeps Russian Space Program on Life Support
Roscosmos, the Russian government corporation responsible for Moscow’s space program, is consuming ever larger amounts of budgetary funds but is failing to provide anything in return. That situation has led to frequent predictions the Russian space program is on the brink of collapse. Some even... MORE
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Russia Finds Itself Reduced to Irrelevance at Davos
Russian affairs used to attract outsized attention at the annual gatherings of the World Economic Forum in Davos. But this year, the global business elite appeared not to be interested in either the problems or opportunities connected to this troubled and trouble-making power. Moscow’s delegation... MORE
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Belarus: Paradoxes of National Memory and Freedom of Speech
The Belarusian opposition is looking forward to the centennial of the Belarusian People’s Republic (BPR). Proclaimed by a group of nationalist activists on March 25, 1918, this entity existed until December 1918 under German military occupation. The BPR lacked most of the typical trappings of... MORE
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Russian ‘Offshore Aristocracy’ in Southern Europe: Seeking Safe Havens or Exporting Corruption?
On January 10, Maltese authorities revealed that 730 prominent Russian businessmen and politicians (along with their families) have acquired Maltese citizenship (Gov.mt, December 22, 2017). The list contains the names of such well-known Russian millionaires, top managers and financial-sector representatives as Arkady Volozh (the principal... MORE
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A Year in Review: Azerbaijan in 2017
The President of Azerbaijan Ilham Aliyev recently described 2017 as a year of recovery from the economic crisis for his country (President.az, January 10). Yet, at the same time, Azerbaijan, along with the other states of the South Caucasus, Georgia and Armenia, spent the past... MORE
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Half-Hearted Reforms May Erode Social Stability in Kazakhstan
Against the backdrop of turbulent developments over the last two decades in neighboring Uzbekistan and Kyrgyzstan, Kazakhstan may arguably be called an island of prosperity in Central Asia. In his Address to the People of Kazakhstan, delivered on January 10, President Nursultan Nazarbayev reinforced this... MORE
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Business as Usual: Russia Exhausts Its Reserve Fund
The Russian Ministry of Finance released an official statement, on January 10, 2018, confirming that all the money previously channeled into the Reserve Fund, as well as the interest it produced during the last 12 months, had been credited to the federal budget. So the... MORE
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China-Russia Relations Reality Check
In 2017, China and Russia trumpeted the closeness of their relationship, calling it a historic highpoint. Xi Jinping has made good relations with Russian President Vladimir Putin a priority, visiting Russia six times and meeting with Putin on 21 occasions since taking office. Authoritative statements... MORE
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CPEC: “Iron Brothers,” Unequal Partners
Serious differences have come to the fore between China and Pakistan over the $60-billion China-Pakistan Economic Corridor (CPEC). At a Joint Working Group (JWG) meeting at Islamabad in November 2017, China announced its decision to suspend funding for at least three road projects in Pakistan, pending... MORE