Executive Summary: Ukraine’s soaring fiscal deficit, trade imbalances, and stalled reforms undermine post-war reconstruction planning. Foreign investments critical for recovery are also deterred by judicial inefficiencies, incomplete energy sector reforms, and entrenched corruption.  Uncertain financial aid, monetary instability, and mismanaged state assets limit prospects for... MORE

Executive Summary: New laws upping the penalties for Russians who access “extremist” content through unauthorized means reflect Moscow’s growing paranoia with an increasingly frustrated population. Russian officials have justified widespread Internet outages as necessary to the war effort, though many see it as a smokescreen... MORE

Executive Summary: Azerbaijan and Armenia are considering an agreement featuring U.S. management of transit through Armenia via the Zangezur Corridor to link Azerbaijan to its Nakhchivan exclave. Russia and Iran are staunchly opposed to the proposal because they fear that U.S. involvement in the route... MORE

Executive Summary: Romania’s new government, sworn in on June 23, appears committed to modernizing the Romanian Naval Forces, but its naval forces remain severely underfunded and outdated. Bucharest has made some questionable decisions in its effort to regain lost time and opportunities to develop and... MORE

Executive Summary: Belarusian President Alyaksandr Lukashenka welcomed U.S. Special Envoy to Ukraine, General Keith Kellogg, to Minsk on June 21 in the highest-level meeting between U.S. and Belarusian officials since February 2020. The talks resulted in a goodwill gesture from Minsk with the release of... MORE

Executive Summary: The July 23 Russian-Ukrainian talks in Istanbul yielded no diplomatic progress, as both sides remain entrenched in incompatible positions. Both sides, however, found it important to demonstrate readiness for further communication and to continue the exchange of prisoners. Both Ukraine and Russia appear... MORE

Executive Summary: A series of investigations and arrests across Eurasia has revealed a rise in international call center fraud operations, underscoring the increasingly transnational nature of cybercrime in the region. Russian-language cybercrime has historically avoided targeting Russia or members of the Commonwealth of Independent States,... MORE

Executive Summary: Since the beginning of Russia’s full-scale invasion of Ukraine, Moscow has aimed to stamp out any open criticism or opposition to Russian President Vladimir Putin and his war. Russia has expanded its definition of those it considers “foreign agents” and “terrorists and extremists”... MORE

Executive Summary: Starting September 1, Moscow will fine Russians for accessing or searching for “extremist” content, including via virtual private network (VPN) technology, to control how Russians use the Internet without fully blocking it. The Putin regime has taken these steps to limit the growing... MORE