Archives Economics - Page 18 of 24 - New Eastern Outlook

Most people who follow the twists and turns in global politics are aware of the imposition of the so-called “price cap” on Russian oil imports following last year’s meeting of G7 Finance Ministers. Although this initiative can hardly be called favorable for Russia, some cases illustrate its dubious usefulness for the West, especially from a political standpoint. In particular, such a paradox can be observed when studying Uzbekistan’s experience of purchasing oil and petroleum products…

During the period of existence of the present Central Asian republics within the unified socialist state, the distribution of electric power was solved, taking into account the needs of all republics and total economic efficiency. At that time, the Uzbek Soviet Socialist Republic’s sole headquarters oversaw the Central Asian energy system, which functioned outside from the USSR energy system. Because the Republican and economic district lines did not quite align, few people were able to “pull the blanket on themselves.” However, everyone was given what they needed, neither more nor less…

Today’s developments on the African continent, in particular in some Sahel countries, run completely counter to the plans that Western regimes have long nurtured both for the region itself and for the entire continent. These processes, including those aimed at increasing economic independence, are very encouraging for Africans, but they also call on supporters of a sovereign Africa to be vigilant against the destabilizing actions taken by forces nostalgic for unipolar, Western-oriented world order. The Alliance of Sahel States (Alliance des Etats du Sahel, AES), currently consisting of Mali…