Executive Summary: Western sanctions, heavy losses in Ukraine, and short-sighted Kremlin policies have put serious strain on the Russian economy, even if Moscow has managed to weather the storm in some sectors.  The Russian economy is grappling with significant structural issues, including dwindling economic reserves,... MORE

Executive Summary: On July 31, the Russian border guards deployed to Yerevan’s Zvartnots International Airport formally ceased operations. The following day, the airport became the sole responsibility of units from the Armenian Border Guard. This withdrawal only applies to the airport. Russian border guards will... MORE

(Part One) (Part Two) Executive Summary: The second phase of the joint non-strategic nuclear exercises between Belarus and Russia sought to improve combat readiness and disentangle deployment tasks with tactical nuclear weapons in the event that hostilities in Ukraine spill out into Belarusian and/or Russian... MORE

Executive Summary: After Sweden joined the North Atlantic Treaty Organization in March, Moscow sharply criticized Stockholm and others in the alliance for plans to improve the defenses of Gotland and other islands in the Baltic Sea. This criticism was clearly intended to dissuade them from... MORE

Executive Summary: The Ukrainian incursion into Russia’s Kursk oblast has highlighted the Kremlin’s lack of preparation for Ukrainian military advancements into Russian territory through its repositioning of troops and reliance on new conscripts. Moscow’s dysfunctional authoritarianism, demonstrated by Russian officials’ lack of action in fear... MORE

Executive Summary: Ukrainian troops have entered Russian territory in the Kursk direction, and Russia has been unable to gain the upper hand. Some reports indicate that Ukraine’s success was made possible by the Russian General Staff ignoring intelligence reports. The Ukrainian offensive illustrates that Russian... MORE

Executive Summary: The US-Ukraine security agreement anticipates crisis responses in the event of another Russian aggression, building the “Ukrainian future force” during the war and after, as well as future security requirements in the Black Sea. US-Ukraine joint crisis response would cover both a repeat... MORE

Executive Summary: The US-Ukraine security agreement is the most comprehensive among recent bilateral agreements with Kyiv. Like the others, however, it is not legally binding but rather a statement of intentions or a memorandum of understanding. The agreement conveys uncertainty regarding Washington’s resolve to fully... MORE

Executive Summary: The largest prisoner swap between Russia and the West since the Cold War occurred on August 1 in Ankara and seemed to work in Moscow’s favor based on those prisoners swapped. The uneven status of those swapped confirmed the effectiveness of Moscow’s strategy... MORE

Executive Summary: This year, Ukraine has taken the initiative at sea and focused more strikes on Crimea and Russian positions in the Black Sea. With new tactics and weaponry, these attacks have become more difficult for the Russian military to counter. The end of 2023... MORE