On February 23, Azerbaijan’s parliament adopted amendments to the state budget to adjust down expected budget revenues based on oil price estimates of as low as $25 per barrel (Azernews.az, February 23). Initially, the State Budget for 2016 projected oil at $50–55/barrel (Trend, September 14,... MORE

Russian President Vladimir Putin launched the South Stream gas export project in 2007. All along, Russia lacked the gas volumes and financing that this gigantic project presupposed. Moscow poured all its resources into Nord Stream. It did not seriously intend South Stream as an energy... MORE

Ramzan Kadyrov has repeatedly voiced discontent with the actions of Chechens who reside in Europe. During the first years of his rule in Chechnya, he managed to convince many of the former leaders of Ichkeria to switch sides and move back to Grozny. This guaranteed... MORE

Russian ships equipped with the advanced sea-launched Kalibr cruise missile will now be perpetually present in the Mediterranean Sea as part of Moscow’s naval operations connected to the mission in Syria. This is according to Admiral Aleksandr Vitko, the commander of the Russian Black Sea... MORE

Chechen militants in Syria have been going through organizational changes since last summer. The position of the Chechen militants in the Middle East was especially damaged by a conflict within the Jaish al-Muhajireen wal-Ansar group and the difficult situation inside the Junud al-Sham group. Those... MORE

On February 24, in Rome, the chief executives of Russian Gazprom, Italian Edison (electricity conglomerate, 99 percent owned by Électricité de France) and Greek DEPA (national pipeline operator and gas trader) signed a memorandum of understanding to develop a pipeline route from Greece to Italy... MORE

On March 1, President Vladimir Putin gathered the CEOs of Russia’s oil majors in the Kremlin to discuss a possible freeze of crude production to boost oil prices. Oil is Russia’s main export commodity and the main source of state revenue. Putin commended the “healthy... MORE

In a recent interview with the media, Kyrgyzstan’s Deputy Prime Minister Oleg Pankratov, whose portfolio includes overseeing the country’s membership in the Eurasian Economic Union (EEU), reported that the Kyrgyz Republic’s accession (as of August 12, 2015) to this Russian-led trading bloc has so far... MORE

On February 19, the foreign ministers of Azerbaijan, Georgia and Turkey held their fifth trilateral meeting, during which they agreed on the completion date for the construction of the Baku–Tbilisi–Kars (BTK) railway. The BTK railroad will eventually connect the three countries (Civil Georgia, February 19).... MORE

With Russian-Turkish tensions spiraling downward, many Circassian immigrants of Turkish origin in the North Caucasus have renounced their Turkish citizenship in favor of Russian citizenship. Circassian immigrants from Turkey in Kabardino-Balkaria signed a statement calling on the Turkish authorities to resume cooperation with Russia. Reciting... MORE