Executive Summary: Iran has granted Armenia access to its Chabahar and Bandar Abbas ports to facilitate Yerevan’s trade access to India. The proposed east-west transit route will serve as a supplemental component of the International North-South Transport Corridor in facilitating greater regional trade. Armenia has... MORE

Executive Summary: China has become Russia’s primary economic partner in helping the Kremlin circumvent Western sanctions, with bilateral trade turnover reaching $225 billion in 2023. Beijing’s supply of dual-use components and critical electronic equipment enhances Moscow’s defense production capabilities. Chinese banks play a key role... MORE

Executive Summary: Russia’s industrial sector has become full dependent on China for machine tools and parts critical to arms manufacturing. Moscow’s war against Ukraine, Western sanctions, and the inability to fully realize import substitution efforts has exacerbated Russia’s dependence on China. That reality signals a... MORE

Executive Summary: Putin’s claims that he will never give up the “spoils” won in Ukraine keep Russia locked in the cage of war and render any notions of peace negotiations unrealistic. The degradation of the Russian economy and growing discontent at home casts doubts on... MORE

Executive Summary The GBA, covering 56,000 square kilometers with 70 million people, aims to become a globally renowned economic and technological hub, comparable to bay areas like San Francisco, Tokyo, and New York. Its economic output surpasses 13 trillion RMB ($1.8 trillion) by 2022, exceeding... MORE

Executive Summary: Western sanctions have severely hurt Kaliningrad’s economy, particularly for cross-border transit, tourism, and fishing. The Kremlin has allocated increased subsidies to the region raising questions regarding the sustainability of Kaliningrad’s growing reliance on Moscow for economic aid. The region’s economy remains highly vulnerable... MORE

At the end of last year, it was becoming increasingly apparent that Russian industry was struggling with flagging production rates and a shortage of technical personnel (see EDM, September 21, October 31, December 4, 2023). The most recent update of Russia’s industrial statistics for the... MORE

Stalemate is presently used most often to describe the current state of Russia’s war against Ukraine these days. Fighting along the frontlines, however, is quite fluid and may be approaching a major turn. President Vladimir Putin remains defiantly confident that Russian forces are making steady... MORE

In December 2023, Iranian Minister of Roads and Urban Development Mehrdad Bazrpash announced that Iran and Azerbaijan would sign an official agreement on the development and opening of the Aras Corridor (Trend.az, December 18, 2023). Bazrpash stated that development of the corridor will begin with... MORE

On December 31, 2023, Belarusian President Alyaksandr Lukashenka declared in his New Year’s address that the “Year of Peace and Creation” has come to an end in Belarus and that 2024 will usher in the “Year of Quality.” He emphasized the importance of the connection... MORE