Russia's economy has achieved a modicum of stability after the meltdown that had spread with devastating force from the stock exchange to the financial sector and to industry. Prime Minister Vladimir Putin in his report (rather resembling an instruction session) to the State Duma praised... MORE

On April 1 Iran's Oil Minister, Gholam-Hossein Nozari took another step in promoting his country's goal of becoming a major natural gas supplier to the EU when he announced in Damascus that, "In accordance with a project being developed, Iranian gas will be supplied to... MORE

Opposition groups drew some 60,000 participants (by average estimates) for a rally in Tbilisi on April 9 and threatened to continue rallying on a daily basis. All Georgian television channels covered the advance preparations for the rally, as well as the event itself and the... MORE

On April 5 President Barack Obama in his speech in Prague, outlined his vision of a nuclear-free world: "This goal will not be reached quickly -perhaps not in my lifetime. It will take patience and persistence. But now we, too, must ignore the voices who... MORE

Ukraine's gas pipeline deal with the EU on March 23 led to an avalanche of Russian outrage that had less to do with the agreement, but exposed the Kremlin's use of Russian national identity. Russia apparently felt 'betrayed' by Europe and Ukraine. Russian state-controlled media... MORE

Anti-Americanism has noticeably mellowed in the Russian mainstream media since the London summit between presidents Barack Obama and Dmitri Medvedev. Some commentators emphasize that strategic arms control is the easiest problem to tackle, but the new positive tone in the dialogue makes the habitual U.S.-bashing... MORE

It took an eleventh-hour lobbying effort by the separatist leader of South Ossetia Eduard Kokoity to avert a serious fiscal crisis in the breakaway republic. On March 26, Kokoity led a delegation from South Ossetia to meet the Minister of Regional Development, Victor Basargin and... MORE

Russia's electricity suppliers have moved to resume exports from the country's Far East to China amid declining domestic demand. Russia's energy executives have announced that the region's major electricity exporter, the Bureiskaya hydropower plant, will reach its maximum designed capacity later than expected. On March... MORE

Russian expansion into European energy industries stands poised to cross a new threshold with the stealthy acquisition of a large stake in Hungary's privately owned MOL by Russia's Kremlin-controlled Surgut Neftegaz (EDM, April 2,). This move entails a number of bold novelties. First, Surgut's lack... MORE

Surgut Neftegaz appears to have vastly overpaid for OMV's stake in MOL. The Russian company bought the 21.2 percent stake for 1.4 billion Euros on March 30 on the Budapest stock exchange. The average purchase price per share was 19,200 Hungarian Forint, almost double the... MORE