Trade Archive

Russia’s invasion of Ukraine is upending the geopolitical calculations of states around the world. The fallout is especially complex for the post-Soviet states of Central Asia, which maintain extensive economic, political, cultural and other ties to both Russia and Ukraine. While Central Asia is far from the front lines of the ongoing war, and therefore less directly impacted than states like Moldova or Georgia, its leaders also face difficult decisions. Independent for three decades, the Central Asian states remain dependent to varying degrees on Russia as a security provider and economic partner, and as a source of political support. Their […]

Usually, parents don’t congratulate their children for ending up in detention at school. But for my Ukrainian mom in early-1990s Germany, there were some things that mattered more than what my teachers thought. Having opted to learn Russian at my high school in the city of Hanover, I quickly discovered that the version of history my teachers embraced did not square with what I had experienced growing up in the Ukrainian tradition. My Russian teachers espoused a deep commitment to promoting reconciliation between Germany and the Russian people, having embraced the idea that all of German society shared a collective […]

Today’s standoff between Russia and the West over Ukraine can be traced back to 2004, a little more than a decade after the end of the Cold War. At the time, Russian President Vladimir Putin was just embarking on his second term, and he began nurturing a cult of personality, voicing grievances about perceived threats on Russia’s security perimeter, and positioning himself as the defender of Russia’s great power status. By some accounts, Putin’s sense that Russia is under threat goes back to historic invasions of Russia: Batu Khan’s in the 13th century, Karl the XII’s in the 18th, Napoleon’s […]

Dubai’s Expo 2020, the international fair hosted in the United Arab Emirates, closed last month to rave reviews. The mega event, which was postponed due to the coronavirus pandemic but retained its official name for marketing and branding purposes, ran from October 2021 to March 2022. In that time, it recorded more than 24 million visitors from more than 190 countries, according to the fair’s official website, with hundreds of millions more visiting virtually. That traffic reflects Dubai’s status as an emerging global hub between the Middle East and Europe on one hand, and Asia—particularly South Asia, from where more than a third […]

In banning Russian coal imports from August onward, the European Union has finally broken the “energy taboo” that had beset its discussions of punitive sanctions against Russia for the war in Ukraine. Yet, the coal ban is not going to hit Russia’s economy very hard. With the clock now ticking as Russia prepares its next offensive in eastern Ukraine, Europe should press ahead and move swiftly toward measures that target Russian oil imports. Western sanctions adopted against Russia since the start of the war in Ukraine have been unprecedented in both scale and scope. They have also been insufficient. Russia’s […]

LA PAZ, Bolivia—With the swearing-in of Chilean President Gabriel Boric last month, the three countries of Latin America’s so-called lithium triangle—Chile, Bolivia and Argentina—all have leftist leaders who want their governments and citizens to benefit more from the extraction of their countries’ natural resources. At first glance, this could present an opportunity for the three countries to push for the creation of an OPEC-style price-setting cartel for lithium. They are all rich in the coveted resource, and there has been speculation about them banding together to form such an organization for years. But key differences between the oil and lithium […]

Just before midnight on Monday, Peruvian President Pedro Castillo appeared on television to declare an unprecedented state of emergency for Lima, the capital. All the city’s residents, he said, were to stay indoors for 24 hours, beginning just two hours after his announcement. The controversial decision, which would later be rescinded after protesters ignored it, came in response to widespread demonstrations by truck drivers and transportation syndicates against the spike in fuel prices caused by Russia’s invasion of Ukraine. Peru’s new crisis came just after Sri Lanka’s president declared a state of emergency in his own country. The Indian Ocean nation […]

Addressing a security forum in Islamabad on Saturday, Pakistan’s army chief of staff, Gen. Qamar Javed Bajwa, condemned Russia’s war in Ukraine in no uncertain terms, describing it as an “invasion” and “aggression against a smaller country that cannot be condoned.” These statements would be uncontroversial had they not contradicted the official position of Pakistan’s civilian government, which is in the midst of a political crisis that also involves the army. Indeed, Pakistan’s ongoing political turmoil—which has seen Prime Minister Imran Khan avoid a vote of no confidence through questionable parliamentary maneuvers, as his coalition and party fracture amid pressure […]

At a virtual summit held Tuesday, the leaders of the East African Community’s member states approved the Democratic Republic of Congo’s admission into the bloc. Congo joins Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda as the trade bloc’s seventh member, giving a significant boost to the country’s trade and security prospects, as well as to regional and continental integration efforts. Kenyan President Uhuru Kenyatta, who serves as the EAC’s rotating chairperson, described the occasion as “historic” for the bloc and the continent at large, pointing to its potential to increase trade and investment opportunities for the EAC’s citizens, while providing its […]