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The economic performance of Belarus has been unimpressive ever since the fall of the Soviet Union, due mainly to the country’s lack of serious structural reforms. This study examines the consequences of this benign neglect should a democratic transition occur and attempts to understand the assistance that may be required to help Belarus successfully transform. Unlike the transformations which began in Central Europe during 1989, though, Belarus’ potential transition is complicated by immense Russian ...

At the informal European Council of 10-11 March 2022, EU leaders adopted the Versailles declaration condemning the ‘unprovoked and unjustified’ Russian military aggression against Ukraine. They set strategic guidelines for security and defence, energy and economic and financial affairs.

The European Union and China made limited progress towards improving bilateral ties at their summit in early June, and they remain at odds over a number of controversial trade issues. However, analysts say the EU and China look poised to strengthen cooperation on fighting climate change, especially after the new US President, Donald Trump, withdrew from the Paris deal on cutting greenhouse gas emissions. China is also eager to push ahead with its Belt and Road Initiative – a strategic plan to boost ...

The workshop organised for the IMCO Committee by the Policy Department A in cooperation with the European Research Centre for Economic and Financial Governance (EURO-CEFG) of the Universities of Leiden, Delft and Rotterdam aimed at discussing the consequences of Brexit on the EU in general and on the policy fields covered by the IMCO Committee in particular. It allowed for a first exchange of opinion on the consequences of Brexit and for questions by EU decision-makers in preparation of the upcoming ...

As foreseen in the European Union's updated global strategy, the Union aims to play a stronger role in international affairs and conflict resolution, to reinforce a rules-based global order in an increasingly complex world and to better coordinate internal and external actions to bolster security and defence. The document, entitled "Shared Vision, Common Action: A Stronger Europe", was presented in June by Federica Mogherini, High Representative of the Union for Foreign Affairs and Security Policy ...

BRICS – a bloc or a bubble?

Mad-Daqqa t’Għajn 04-12-2014

BRICS stands for Brazil, Russia, India, China and South Africa. This heterogeneous group of five large countries each underwent dramatic economic growth in the past decade. Now they are forging links among themselves, are calling for greater recognition of their weight in international institutions and are creating a development bank. But is the group here to stay?

The Russian Economy More than Just Energy ?

Analiżi fil-Fond 29-01-2009

Executive summary Russia has enjoyed a decade of high economic growth because of the eventually successful market reforms in the 1990s but also an oil boom. For the last six years, however, the Russian economy has become increasingly dysfunctional because the authorities have done nothing to impede corruption. The energy sector has been a generator of corrupt revenues, and its renationalization has concentrated these corrupt incomes in the hands of the security police elite. Russia depends on the ...