Latest Articles about Trade

Russia’s Arms Manufacturing in January–June 2024

Executive Summary: Russia’s State Statistics Agency, Rosstat, reported increased growth in arms manufacturing industries during the first half of 2024. However, this growth is less impressive when considering physical manufacturing data as it is dependent on ruble prices. Russia was only able to increase the... MORE

Russia Facing Loss of Icebreaker Dominance in Arctic

Executive Summary: Russia currently has the largest fleet of icebreakers in the Arctic. Its lead over others, however, is somewhat deceptive as most are small and devoted to clearing ice from harbors rather than keeping the Northern Sea Route open. The United States, Canada, and... MORE

Russia’s Diamond Industry Under Pressure of Stricter Sanctions

Executive Summary: EU member states and other Western powers have introduced restrictive sanctions against Russia’s diamond-producing industry, a major contributor to the Russian economy, such as restrictions against the import of Russian diamonds directly or from other countries. Other diamond-producing countries, many of which are... 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

Georgia’s Anaklia Port and PRC Infrastructure Strategy

Executive Summary: The acquisition of a 49 percent stake in a Georgian port by a state-backed consortium advances the PRC’s global port strategy—the PRC currently owns stakes in over 90 ports). As Xi Jinping has stated, “to become rich, one must first build ports.” A... MORE

Uzbekistan to Increase Rare-Earth Production

Executive Summary: Uzbekistan’s President Shavkat Mirziyoyev has emphasized the development of the country’s rare-earth mining sector as a primary goal of his government due to the country’s massive reserves. Uzbekistan has begun to work with the European Union, United States, and United Kingdom to develop... MORE