*To read Part One, please click here. Newly entrenched on the Crimean peninsula, Russia has appropriated the title to large parts of Ukraine’s continental shelf and exclusive economic zone (EEZ). According to the treaty on Crimea’s accession to Russia (a constitutional act in Russia), “the... MORE

Aspirationally at least, the North Atlantic Treaty Organization (NATO) is transitioning from reassurance measures to a more serious deterrence posture on the Alliance’s “Eastern flank” vis-à-vis Russia. Decisions in this regard will be finalized down to the wire of NATO’s summit in Warsaw (July 8–9).... MORE

Twenty-five years ago, Moscow’s massive nuclear weapons stockpile could not prevent the Soviet Union from falling apart, because of a conjunction of domestic problems and opposition from abroad, the influential Izborsky Club says. Today, Russia has recovered from the disasters of the 1990s; but the... MORE

Although the Greek banks reopened on July 20, and Athens repaid some of its debt to the International Monetary Fund and the European Central Bank, unease about the Greek crisis continues in the Balkans. The last 25 years of turbulent political and economic transition have... MORE

The Russia-Ukraine war has presented the most serious threat to European energy security since the end of the Cold War. Almost half of the Russian natural gas delivered to European markets in 2013 crossed Ukraine—82.3 billion cubic meters (bcm) out of 167.5 bcm in total... MORE

Bulgaria is heading for new parliamentary elections as the troubled governing coalition fell apart one year into its mandate. This development was not caused by the daily anti-government protests that have continued for over a year. Indeed, the ruling elite has paid little attention to... MORE

Bulgarian Prime Minister Plamen Oresharski has suspended all activities related to the disputed South Stream natural gas pipeline project until his government reaches an agreement with Brussels that would be compliant with European Union laws. The Russian-led pipeline project is designed to bypass Ukraine as... MORE

Western sanctions against Russia may not appear as strong or as sweeping as many expected, but their targeted effect is becoming visible in major Russian industries and critical ongoing projects, such as the South Stream gas pipeline, Yamal liquefied natural gas (LNG) project, and the... MORE

During his official visit to Germany, Bulgarian President Rosen Plevneliev warned that the Kremlin’s aggression is not limited to Ukraine or the territory of the former Soviet Union, but also threatens Southeastern Europe. “Today we see an aggressive and nationalistic Russia, which pursues a policy... MORE

While Washington and Brussels are imposing more sanctions against Russia for destabilizing eastern Ukraine, the Kremlin is retaliating by deepening divisions within the European Union through the prospective South Stream natural gas pipeline. On April 17, the European parliament adopted a resolution stating that the... MORE