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

On December 11, during the EU Eastern Partnership ministerial meeting, Armenian Foreign Minister Ararat Mirzoyan welcomed the European Council’s decision to grant candidate status to Georgia and initiate membership talks with Moldova and Ukraine. Mirzoyan emphasized that Yerevan is aligned with the idea of closer... MORE

In late December 2023, foreign investors for Russia’s Arctic LNG-2 project voiced their intentions to pull out from the initiative (Kommersant.ru, December 25, 2023). The development project on the Gydan Peninsula was designed to transform Russia into a central global exporter of liquid natural gas... MORE

Moscow continues to claim that it has more than fully compensated for its lost access to oil and natural gas markets in the West due to sanctions by expanding sales to China, India, and other countries in the East (Politicheskiy Kaleidoskop, January 1). A closer... MORE