Executive Summary:  Russian LNG exports and production increased significantly in 2024. The export of hydrocarbons, including LNG, remains one key means by which Russia finances its war against Ukraine.  Other large LNG producers, such as the United States and Qatar, prefer to sell their energy... MORE

Executive Summary: The Trans-Caspian International Transport Route (TITR), or Middle Corridor, has evolved as a key alternative for trade between Europe and the People’s Republic of China (PRC) due to sanctions against Russia. The route bypasses Russia and transits through Central Asia, the Caucasus, and... MORE

Executive Summary: General Robert Brieger, chairman of the European Union’s Military Committee, proposed a UN-mandated peace-support mission to be deployed in Ukraine following a Russia-Ukraine armistice. The European Union or some of its member states would participate alongside countries from the “Global South” acceptable to... MORE

Executive Summary: Moscow introduced a new accounting scheme enabling European buyers to pay for gas in rubles, circumventing U.S. sanctions and using intermediaries and currency exchanges to bypass restrictions.  Russia has expanded its shadow fleet and increased its oil tanker capacity by 70 percent, helping... MORE

Executive Summary: The beginning of U.S. President Donald Trump’s administration highlights contrasting views of Russia’s war in Ukraine. The West views it as a non-sensical distortion that should be stopped, and Russian President Vladimir Putin views it as a confrontation with the West. The state... MORE

Executive Summary: Russia remains at the forefront of global nuclear innovation, leveraging state-owned enterprise Rosatom to expand partnerships, build reactors, and strengthen relationships with non-Western nations. This gives Moscow more avenues to bolster its economy amid Western sanctions. Rosatom is currently conducting $200 billion in... MORE

Executive Summary: In advance of his sham re-election, Belarusian leader Alyaksandr Lukashenka has launched an expanded campaign against Roman Catholics, the 14 percent of his nation who have been the most opposed to the Minsk strongman in the past. Moscow has joined this effort to... MORE

Executive Summary: Abkhazia is experiencing an energy shortage due to low water levels in the Enguri hydroelectric dam. Illegal cryptocurrency mining further exacerbates the shortage, which has increased Abkhazia’s reliance on Russian electricity. In September, Abkhazia blocked a law allowing Russian citizens to buy real... MORE

Executive Summary: U.S. President Donald Trump’s rhetoric on Greenland and Canada highlights the emerging strategic rivalry in the Arctic. Russian commentators present this as a new justification for its territorial expansionist ambitions in the Arctic and beyond. Russian experts see Trump’s focus on the Arctic... MORE

Executive Summary: Moscow finds itself challenged in the Caspian Sea by Kazakhstan, whose naval forces there are better prepared to cope with the sea drying up and whose focus is not distracted by conflicts elsewhere. Kremlin hawks such as Nikolai Patrushev are alarmed and calling... MORE